Common use of Advances to be Requested and Use of Proceeds Clause in Contracts

Advances to be Requested and Use of Proceeds. The Companies shall request Advances and may use their proceeds only for the general purpose of financing the Companies’ Single-family mortgage lending operations, Single-family mortgage servicing operations (servicing Mortgage Loans sold by the Companies to investors) and related businesses.

Appears in 3 contracts

Samples: Credit Agreement, Senior Secured Credit Agreement (Homebanc Corp), Senior Secured Credit Agreement (Homebanc Corp)

AutoNDA by SimpleDocs

Advances to be Requested and Use of Proceeds. The Companies Company shall request Advances and may use their proceeds only for the general purpose of financing the Companies’ Company's investments in Single-family mortgage lending operations, Single-family mortgage servicing operations (servicing Mortgage Loans sold by the Companies to investors) and related businesses.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Sunset Financial Resources Inc)

Advances to be Requested and Use of Proceeds. The Companies Company shall request Advances and may use their proceeds only for the general purpose of financing the Companies’ Company’s Single-family mortgage lending operations, Single-family mortgage servicing operations (servicing Mortgage Loans sold by the Companies to investors) and related businesses.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (E Loan Inc)

AutoNDA by SimpleDocs

Advances to be Requested and Use of Proceeds. The Companies Company shall request Advances and may use their proceeds only for the general purpose of financing the Companies’ Company’s Single-family mortgage lending operations, Single-family mortgage servicing operations (servicing Mortgage Loans sold by the Companies Company to investors) and related businesses.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Homebanc Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!