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  This Financing and you can Coverage Agreement (because same concluded, changed, restated otherwise formulated from time to time, it

  This Financing and you can Coverage Agreement (because same concluded, changed, restated otherwise formulated from time to time, it Agreement) is made as of ong PENNYMAC LOAN SERVICES, LLC, as lender (the Financial) and PENNYMAC HOLDINGS, LLC, as borrower (the Debtor). WHEREAS, in order to finance Portfolio Excess Spread (as defined below) owned by Borrower […]