Granite Point Mortgage Trust(GPMT) - 2025 Q1 - Quarterly Results

Facility Details - The Facility Amount is set at $250,000,000[10] - The Stated Facility Expiration Date is April 27, 2026[22] - The First Extension Period can extend the expiration date to April 26, 2027, and the Second Extension Period to April 24, 2028[25] Amendment Provisions - The Amendment includes a reaffirmation of the Guaranty by the Guarantor[37] - Seller must pay all reasonable legal fees and expenses related to this Amendment within ten business days of receipt of the invoice[41] - The Original Repurchase Agreement remains in full force and effect except as expressly amended[45] - Seller is required to notify Purchaser of its exercise of the Extension Option 30 to 90 days prior to the Stated Facility Expiration Date[26] - No monetary or material non-monetary Default or Event of Default shall have occurred as of the date notice is given[27] - The Amendment is governed by the laws of the State of New York[43] - Each Seller agrees to pay all reasonable out-of-pocket costs and expenses incurred by Purchaser in connection with this Amendment[46] - The Amendment, Repurchase Agreement, and other Transaction Documents constitute the entire agreement among the parties, superseding all prior agreements[49] - Each provision of the Amendment shall be interpreted to be effective under applicable law, ensuring the validity of the remaining provisions[50] - The Amendment and all covenants, agreements, representations, and warranties shall survive the consummation of the Transaction and remain in effect as long as obligations are outstanding[51] - The Amendment may be executed in counterparts, with electronic signatures having the same legal effect as manual signatures[52] - The headings in the Amendment are for convenience only and do not affect its interpretation[53] - The execution and effectiveness of the Amendment do not limit or impair any rights or remedies of the Purchaser under the Repurchase Agreement[55] - The Amendment is a Transaction Document executed pursuant to the Repurchase Agreement and shall be construed accordingly[53] Parties Involved - The parties involved in the Amendment include GP Commercial CB LLC, GP Commercial CB SL Sub LLC, Citibank, N.A., and Granite Point Mortgage Trust, Inc.[58][59][60]