ADVANCE DOCUMENTATION. (a) The Member may from time to time request Advances and Commitments for Advances or renewal of an outstanding Advance by completing and submitting an Application to the Bank. The terms of each Advance or Commitment for an Advance shall be conclusively evidenced by this Agreement and by either (1) the Member’s Application when such Application is executed or accepted by the Bank without any change; (2) in the case of a telephonic Application received, completed, or modified by the Bank, by a Confirmation of Advance generated by the Bank; or (3) in the case of an open line of credit Advance, the Member’s DID Account Statement. Unless otherwise agreed to by the Bank in writing, each Advance shall be made by crediting the Member’s DID Account.
Appears in 4 contracts
Samples: Federal Home (Mgic Investment Corp), Federal Home (Rli Corp), And Security Agreement (Redwood Trust Inc)
ADVANCE DOCUMENTATION. (a) The Member may from time to time request Advances and Commitments for Advances or renewal of an outstanding Advance by completing and submitting an Application to the Bank. The terms of each Advance or Commitment for an Advance shall be conclusively evidenced by this Agreement and by either (1) the Member’s 's Application when such Application is executed or accepted by the Bank without any change; (2) in the case of a telephonic Application received, completed, or modified by the Bank, by a Confirmation of Advance generated by the Bank; or (3) in the case of an open line of credit Advance, the Member’s 's DID Account Statement. Unless otherwise agreed to by the Bank in writing, each Advance shall be made by crediting the Member’s 's DID Account.
Appears in 1 contract
