Consent and Delinquency of Superior Lien. No obligation secured by a Superior Lien was more than 30 days past due at the time of origination of the related Home Loan. With respect to each Home Loan that is not a first mortgage loan, either (i) no consent for the Home Loan is required by the holder of the related prior lien or (ii) such consent has been obtained and has been delivered to the Indenture Trustee.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Firstplus Financial Group Inc), Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp)
Consent and Delinquency of Superior Lien. No obligation secured by a Superior Lien superior lien was more than 30 days past due at the time of origination of the related Home Mortgage Loan. With respect to each Home Mortgage Loan that is not a first mortgage loan, either (i) no consent for the Home Mortgage Loan is required by the holder of the related prior lien or (ii) such consent has been obtained and has been delivered to the Indenture TrusteeCustodian.
Appears in 2 contracts
Samples: Loan and Security Agreement (Firstplus Financial Group Inc), Loan and Security Agreement (Firstplus Financial Group Inc)
