SEC Contract Filing

Filing Date: 2017-08-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.73
<SEQUENCE>6
<FILENAME>pfsi-20170630ex107370459.htm
<DESCRIPTION>EX-10.73
<TEXT>
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 <font style="display:inline;font-weight:bold;">Exhibit&nbsp;10.73</font>
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 <font style="display:inline;font-weight:bold;">EXECUTION</font>
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 <font style="display:inline;font-weight:bold;">AMENDMENT NO. 5</font>
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 <font style="display:inline;font-weight:bold;">TO MORTGAGE LOAN PARTICIPATION PURCHASE AND SALE AGREEMENT</font>
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 <font style="display:inline;">Amendment No. 5 to Mortgage Loan Participation Purchase and Sale Agreement, dated as of May 23, 2017 (this &#x201C;</font><font style="display:inline;text-decoration:underline;">Amendment</font><font style="display:inline;">&#x201D;), by and among Bank of America, N.A. (&#x201C;</font><font style="display:inline;text-decoration:underline;">Purchaser</font><font style="display:inline;">&#x201D;), PennyMac Loan Services, LLC (&#x201C;</font><font style="display:inline;text-decoration:underline;">Seller</font><font style="display:inline;">&#x201D;) and Private National Mortgage Acceptance Company, LLC (&#x201C;</font><font style="display:inline;text-decoration:underline;">Guarantor</font><font style="display:inline;">&#x201D;).</font>
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 <font style="display:inline;">Purchaser, Guarantor and Seller are parties to that certain Mortgage Loan Participation Purchase And Sale Agreement, dated as of August 13, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the &#x201C;</font><font style="display:inline;text-decoration:underline;">Existing MLPSA</font><font style="display:inline;">&#x201D;; and as further amended by this Amendment, the &#x201C;</font><font style="display:inline;text-decoration:underline;">MLPSA</font><font style="display:inline;">&#x201D;).&nbsp;&nbsp;The Guarantor is a party to that certain Amended and Restated Guaranty (as amended, restated, supplemented or otherwise modified from time to time, the &#x201C;</font><font style="text-decoration:underline;display:inline;">Guaranty</font><font style="display:inline;">&#x201D;), dated as of August 13, 2014, made by Guarantor in favor of Purchaser.</font>
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 <font style="display:inline;">Purchaser, Seller and Guarantor have agreed, subject to the terms and conditions of this Amendment, that the Existing MLPSA be amended to reflect certain agreed upon revisions to the terms of the Existing MLPSA.&nbsp;&nbsp;As a condition precedent to amending the Existing MLPSA, Purchaser has required Guarantor to ratify and affirm the Guaranty on the date hereof.</font>
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 <font style="display:inline;">Accordingly, Purchaser, Seller and Guarantor hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing MLPSA is hereby amended as follows:</font>
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 <font style="display:inline;">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;text-decoration:underline;">Definitions</font><font style="display:inline;color:#000000;">. Section 1 of the Existing MLPSA is hereby amended by:</font>
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 <font style="display:inline;color:#000000;">1.1</font><font style="display:inline;">&nbsp;&nbsp;&nbsp;</font><font style="display:inline;color:#000000;">deleting the definitions of &#x201C;</font><font style="display:inline;text-decoration:underline;">Aggregate Transaction Limit</font><font style="display:inline;color:#000000;">&#x201D;, &#x201C;</font><font style="display:inline;text-decoration:underline;">Approvals</font><font style="display:inline;color:#000000;">&#x201D;, &#x201C;</font><font style="display:inline;text-decoration:underline;">Anticipated Delivery Date</font><font style="display:inline;color:#000000;">&#x201D;, &#x201C;</font><font style="display:inline;text-decoration:underline;">Effective Date</font><font style="display:inline;color:#000000;">&