Allocation of Payments Received. (1) Prior to the occurrence of an Event of Default and acceleration of all Loans outstanding hereunder or termination of the commitments of the Lenders to advance Loans hereunder, amounts received by the Administrative Agent as proceeds of the sale or other disposition of Eligible Mortgage Loans and Eligible Mortgage-Backed Securities, including without limitation all amounts from time to time deposited in the Settlement Account, shall be allocated among the Lenders as follows:
Appears in 1 contract
Samples: Mortgage Loan Warehousing Agreement (First Mortgage Corp /Ca/)
Allocation of Payments Received. (1I) Prior to the occurrence of an Event of Default and acceleration of all Loans outstanding hereunder or termination of the commitments of the Lenders to advance Loans hereunder, amounts received by the Administrative Agent as proceeds of the sale or other disposition of Eligible Mortgage Loans and Eligible Mortgage-Backed Securities, including without limitation all amounts from time to time deposited in the Settlement Account, shall be allocated among the Lenders as follows:
Appears in 1 contract
Samples: Mortgage Loan Warehousing Agreement (First Mortgage Corp /Ca/)
Allocation of Payments Received. (1) Prior to the occurrence of an Event of Default and or acceleration of all Loans outstanding hereunder or termination of the commitments of the Lenders to advance Loans hereunder, amounts received by the Administrative Agent as proceeds of the sale or other disposition of Eligible Mortgage Loans and Loans, Eligible Mortgage-Backed Securities, including or REO Property, including, without limitation limitation, all amounts from time to time deposited in the Settlement Account, shall be allocated among the Lenders as follows:
Appears in 1 contract
Samples: Credit Agreement (American Home Mortgage Investment Corp)
Allocation of Payments Received. (1) Prior to the occurrence of an Event of Default and or acceleration of all Loans outstanding hereunder or termination of the commitments of the Lenders to advance Loans hereunder, amounts received by the Administrative Agent as proceeds of the sale or other disposition of Eligible Mortgage Loans and Eligible Mortgage-Backed Securitiesor REO Property, including including, without limitation limitation, all amounts from time to time deposited in the Settlement Account, shall be allocated among the Lenders as follows:
Appears in 1 contract
Samples: Credit Agreement (American Home Mortgage Investment Corp)