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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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     mortgage servicing rights or, to the extent constituting Collateral, other sold assets shall be repaid no
later than substantially concurrently with such sale, transfer or other disposition10).
Remedies:    Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent (at the direction of Required Lenders) may: (a) deliver a notice of an Event of Default; (b) terminate any pending funding under any DIP Warehouse Facility Agreement or Exit Facility Agreement, as applicable; (c) declare the principal of and accrued interest, fees and expenses under respective DIP Warehouse Facility Agreements and DIP Guaranties or the Exit Facility Agreements and Exit Guaranties, as applicable, to be due and payable; and (d) upon three (3) business days’ written notice to the Opcos and the Debtor, exercise all other rights and remedies available to the Credit Parties under the DIP Warehouse Facility Agreements, the DIP Guaranties, the Master Refinancing Agreement, the Exit Facility Agreements or Exit Guaranties, as applicable; provided, however, that with respect to the Event of Default under subparagraph (o) of the section “Events of Default Under Master Refinancing Agreement,” the Administrative Agent (at the direction of Required Lenders) may exercise all rights and remedies immediately upon the occurrence of said default. During the term of the Exit Facility Agreements, notices (if any) required in connection with the exercise of remedies shall be consistent with the requirements set forth in the Prepetition Warehouse Facility Agreements. The Orders (and the Interim Opco Financing Order and the Final Opco Financing Order) shall provide relief from the automatic stay in favor of Credit Parties in the event of a default.
Expenses:    Opcos shall pay all of the Administrative Agent’s and the Lenders’ reasonable costs and expenses, including without limitation due diligence audit (including per diems), consultant, search, filing and recording fees and all other reasonable out-of-pocket expenses incurred by the Administrative Agent and the Lenders (including the reasonable fees and expenses of (i) accountants and other professionals and advisors and (ii) a separate primary counsel to each of Credit Suisse and Barclays, as Lenders (and appropriate local counsel and regulatory counsel)), as well as all reasonable expenses of the Administrative Agent and the Lenders in connection with the negotiation, administration, monitoring and enforcement of the DIP Warehouse Facility Agreements, the DIP Guaranties, the Master Refinancing Agreement, the Exit Facility Agreements and the Exit Guaranties and in connection with matters related to the Case (and, if applicable, any Opco Case). For the avoidance of doubt, Opcos will pay all of the outstanding legal fees of Credit Suisse and Barclays, as Lenders on the effective date of the DIP Warehouse Facility Agreements, during the Case and upon the conversion of the DIP Warehouse Facility Agreements to the Exit Facility Agreements and at other times promptly after demand.

 

10  Timing for repayment with respect to the Exit Facility Agreements shall be as mutually agreed to by the Lenders and Opcos.

 

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