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SEC Filings

T-3
WALTER INVESTMENT MANAGEMENT CORP filed this Form T-3 on 11/06/2017
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(k)    entry of an order of the Bankruptcy Court granting any party other than the Credit Parties relief from the automatic stay in the Case (or in any Opco Case) in a manner that is materially adverse to the rights, claims or interests of the Credit Parties;

 

(l)     entry of an order of the Bankruptcy Court granting any party other than the Credit Parties liens or claims on or against the Collateral or any other material assets of the Debtor, any Opco, any Depositor or any SAF SPV (other than, solely with respect to assets that do not constitute Collateral, (i) the liens granted to the Term Lenders on assets of the Debtor and Opcos and (ii) liens permitted under the Term Loan Agreement and DIP Warehouse Facility Agreements9);

 

(m)   the filing of any chapter 11 plan in the Case (or any Opco Case) that does not provide that all obligations of the Debtor (and, to the extent that the Opcos become debtors, the Opcos) with respect to the DIP Warehouse Facility Agreements, the DIP Guaranties and the Master Refinancing Agreement (i) shall be paid in full in cash as per the terms of such agreements or (ii) shall be continued, replaced, rolled over, or otherwise satisfied as obligations under the Exit Facility without impairing the rights of holders of claims arising under such agreements, in each case in form and substance acceptable to Lenders with respect to all terms and conditions that affect any of the Credit Parties’ liens and claims;

 

(n)    termination of either or both RSAs or any RSA is amended, waived or otherwise modified in a manner that is materially adverse to the rights, claims or interests of the Credit Parties;

 

(o)    exercise by Term Lenders or any other creditor (other than Lenders) of remedies (i) against any Collateral, or (ii) in a manner that is materially adverse to the rights, claims or interests of the Credit Parties; and

 

(p)    any sale, transfer or other disposition of (i) any servicing rights with respect to any mortgage loans or rights to reimbursement for advances related thereto or (ii) any other assets of the Debtor, any Opco, any Depositor or any SAF SPV and the sale, transfer or other disposition of such other asset would materially impair the rights and claims of the Credit Parties in and to the Collateral (other than the sale, transfer or other disposition occurring in the ordinary course, including, without limitation, sales, transfers or other dispositions of mortgage servicing rights and the rights to reimbursement for advances related thereto in connection with the sale of any nonperforming loans; provided, that, the outstanding repurchase price or loan amount (including any accrued and unpaid interest and fees with respect thereto) owed to Lenders with respect to any rights to reimbursement for advances related to such sold

 

9 

Provided, that, during the Chapter 11 Period, no Opco, Debtor, SAF SPV or Depositor shall (i) issue any unsecured debt bonds, (ii) incur and additional term loan debt or (iii) enter into any other debt arrangements similar to the DIP Warehouse Facility Agreements or Exit Facility Agreements.

 

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