Additional Warehouse Financing Clause Samples

Additional Warehouse Financing. Prior to entering any agreement with any financial institution or group of financial institutions providing for the extension of credit secured by Mortgage or Co-Op Loans (whether such agreement would provide for an extension of credit in an amount l additional to the Investor Take-Out Commitments or would provide for the repayment of or a f substitution for this Agreement), Borrower will give Lender notice thereof and will not execute any such agreement unless Lender shall have declined to make such extension of credit available to Borrower on terms and in an amount at least as advantageous as those proposed by such other financial institution or group.