CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.
THIRD AMENDMENT TO
FIRST AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT
Dated as of February 21, 2020
GUILD MORTGAGE COMPANY, as Seller
JPMORGAN CHASE BANK, N.A., as Buyer
The Parties hereby amend (for the third time) the First Amended and Restated Master Repurchase Agreement dated December 14, 2018 between them (the A&R MRA, as amended by that certain First Amendment to First Amended and Restated Master Repurchase Agreement date June 21, 2019, the Second Amendment to First Amended and Restated Master Repurchase Agreement dated December 13, 2019, and as hereby and supplemented, further amended or restated from time to time, the MRA) to extend the Termination Date, add Low FICO Government Loans as an Eligible Mortgage Loan, revise Sellers financial covenants, and revise Exhibit C [Omitted pursuant to Item 601(a)(5) of Regulation S-K] attached to the A&R MRA.
All capitalized terms used in the A&R MRA and used, but not defined differently, in this amendment (this Amendment) have the same meanings here as there.
The Sections of this Amendment are numbered to correspond with the numbering of the Sections of the A&R MRA amended hereby.
|2. || |
A. The following definition in Section 2(a) of the A&R MRA is hereby amended to read as follows:
Termination Date means the earliest of (i) the Business Day, if any, that any Seller or Buyer designates as the Termination Date by written notice given to the other Party, (ii) the date of declaration of the Termination Date pursuant to Section 12(c) and (iii) February 19, 2021.
B. Subsection (ix) of the Eligible Mortgage Loan definition in Section 2(a) of the A&R MRA is hereby amended to read as follows:
(ix) whose Mortgagor has a FICO Score of at least [***], or if it is a Low FICO Government Loan, at least [***] (or in each case such other minimum FICO Score as may be determined by Buyer in its sole discretion and specified in a written notice from Buyer to Seller from time to time);