Collection and Servicing Rights. 4.4 (a) If no Event of Default exists, Borrower may service and receive and collect directly all sums payable to Borrower in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 14 contracts
Samples: Warehousing Credit and Security Agreement (Municipal Mortgage & Equity LLC), Credit and Security Agreement (First NLC Financial Services Inc), Credit and Security Agreement (Commercial Capital Bancorp Inc)
Collection and Servicing Rights. 4.4 (a4.4(a) If no Event of Default exists, Borrower may service and receive and collect directly all sums payable to Borrower in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 5 contracts
Samples: Credit and Security Agreement (Walker & Dunlop, Inc.), Credit and Security Agreement (Walker & Dunlop, Inc.), Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)
Collection and Servicing Rights. 4.4 (a) If no Event of Default exists, Borrower Borrowers may service and receive and collect directly all sums payable to Borrower Borrowers in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 3 contracts
Samples: Credit and Security Agreement (Lennar Corp /New/), Credit and Security Agreement (Lennar Corp /New/), Credit and Security Agreement (Lennar Corp /New/)
Collection and Servicing Rights. 4.4 4.5 (a) If no Event of Default exists, Borrower Borrowers may service and receive and collect directly all sums payable to Borrower Borrowers in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 2 contracts
Samples: American Home Mortgage Investment Corp, American Home Mortgage Investment Corp
Collection and Servicing Rights. 4.4 (a4.4(a) If no Event of Default exists, Borrower Borrowers may service and receive and collect directly all sums payable to Borrower Borrowers in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Lender Only Account for application as provided in this Agreement.
Appears in 1 contract
Collection and Servicing Rights. 4.4 (a3.4(a) If no Event of Default exists, the Borrower may service and receive and collect directly all sums payable to the Borrower in respect of the Collateral other than proceeds of any Purchase Commitment relating thereto or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment relating thereto or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 1 contract
Samples: Warehouse Loan and Security Agreement (Walker & Dunlop, Inc.)
Collection and Servicing Rights. 4.4 (a4.4(a) If no Event of Default exists, Borrower Borrowers may service and receive and collect directly all sums payable to Borrower Borrowers in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)
Collection and Servicing Rights. 4.4 (a) 3.4.1 If no Event of Default exists, the Borrower may service and receive and collect directly all sums payable to the Borrower in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must (which shall be paid directly to the Cash Collateral Account for application as provided in this AgreementAccount).
Appears in 1 contract
Collection and Servicing Rights. 4.4 (a4.4(a) If no Event of Default exists, the Borrower may service and receive and collect directly all sums payable to the Borrower in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 1 contract
Samples: Credit and Security Agreement (Walker & Dunlop, Inc.)
Collection and Servicing Rights. 4.4 (a) If no Event of Default exists, Borrower or Servicer may service and receive and collect directly all sums payable to Borrower in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 1 contract
Samples: Credit and Security Agreement (Arbor Realty Trust Inc)
Collection and Servicing Rights. 4.4 (a) If no Event of Default exists, Borrower may service and receive and collect directly all sums payable to Borrower in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Matrix Bancorp Inc)
Collection and Servicing Rights. 4.4 4.5 (a) If no Event of Default exists, Borrower may service and receive and collect directly all sums payable to Borrower in respect of the Collateral other than proceeds of any Purchase Takeout Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Takeout Commitment or any other sale or refinancing of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Municipal Mortgage & Equity LLC)
Collection and Servicing Rights. 4.4 (a) If no Event of Default exists, Borrower may service and receive and collect directly all sums payable to Borrower in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must be paid directly to the Cash Collateral Account for application as provided in this Agreement.
Appears in 1 contract
Samples: Mortgage Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)
Collection and Servicing Rights. 4.4 (a) 3.5.1 If no Event of Default exists, Borrower Borrowers may service and receive and collect directly all sums payable to Borrower Borrowers in respect of the Collateral other than proceeds of any Purchase Commitment or proceeds of the sale of any Collateral. All proceeds of any Purchase Commitment or any other sale of Collateral must (which shall be paid directly to the Cash Collateral Account for application as provided in this AgreementAccount).
Appears in 1 contract
Samples: Mortgage Warehousing Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)
