Third Amendment to Master Repurchase Agreement, dated June 2, 2017, by and between loanDepot.com, LLC and JPMorgan Chase Bank, N. A
THIRD AMENDMENT TO MASTER REPURCHASE AGREEMENT
Dated as of June 2, 2017
LOANDEPOT.COM, LLC, as Seller
JPMORGAN CHASE BANK, N.A., as Buyer
The Parties have agreed to amend (for the third time) the Master Repurchase Agreement dated June 3, 2016 between them (the Original MRA, as amended by the First Amendment to Master Repurchase Agreement dated October 19, 2016 and the Second Amendment to Master Repurchase Agreement dated February 28, 2017, the Amended MRA and as amended hereby and as further supplemented, amended or restated from time to time, the MRA), to extend the latest Termination Date, and they hereby amend the Amended MRA as follows.
All capitalized terms used in the Amended MRA and used, but not defined differently, in this amendment have the same meanings here as there. The sole Section of this Amendment is numbered as Section 2(a) to correspond to the number of the only Section of the Amended MRA amended hereby.
2. Definitions; Interpretation
A. The definition of Termination Date is amended to read as follows:
Termination Date means the earliest of (i) the Business Day, if any, that Seller designates as the Termination Date by written notice given to the Buyer at least thirty (30) days before such date, (ii) the Business Day, if any, that Buyer designates as the Termination Date by written notice given to the Seller at least sixty (60) days before such date, (iii) the date of declaration of the Termination Date pursuant to Section 12(b)(i) and (iv) August 31, 2017.
B. The following new definition is added to Section 2(a), in alphabetical order:
Third Amendment to MRA means the Third Amendment to Master Repurchase Agreement dated June 2, 2017 by and between the Parties, amending this Agreement.
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As amended hereby, the Amended MRA remains in full force and effect, and the Parties hereby ratify and confirm it.
|JPMORGAN CHASE BANK, N.A.|
|Chief Accounting Officer|
Counterpart signature page to Third Amendment to Master Repurchase Agreement