Common use of Contingent Liabilities Clause in Contracts

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's business.

Appears in 10 contracts

Samples: Warehousing Credit and Security Agreement (E Loan Inc), Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.), Warehousing Credit and Security Agreement (Matrix Bancorp Inc)

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Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's ’s business.

Appears in 7 contracts

Samples: Warehousing Credit and Security Agreement (Commercial Capital Bancorp Inc), Warehousing Credit and Security Agreement (Commercial Capital Bancorp Inc), Warehousing Credit and Security Agreement (Mortgageit Holdings Inc)

Contingent Liabilities. Assume, guarantee, endorse endorse, or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's business.

Appears in 7 contracts

Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (Finet Holdings Corp), Warehousing Credit and Security Agreement (Mortgage Com Inc)

Contingent Liabilities. Assume, guarantee, endorse endorse, or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's business.

Appears in 3 contracts

Samples: Warehousing Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for upon the obligation obligations of any Person person, firm, partnership, corporation or any other entity except by endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's business.

Appears in 3 contracts

Samples: Construction Loan Agreement (Cost U Less Inc), Loan Agreement (Pricesmart Inc), Construction Loan Agreement (Cost U Less Inc)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except (a) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except (b) for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of a Borrower's ’s business.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.), Credit and Security Agreement (Walker & Dunlop, Inc.)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with without credit recourse (but subject to recourse for breaches of normal representations, warranties and other provisions) in the ordinary course of Borrower's Borrowers' business.

Appears in 2 contracts

Samples: Warehousing Credit, Term Loan and Security Agreement (American Home Mortgage Investment Corp), Warehousing Credit, Term Loan and Security Agreement (American Home Mortgage Investment Corp)

Contingent Liabilities. Assume, guarantee, endorse endorse, or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except for obligations arising in connection with excluding the sale of Mortgage Loans with recourse in the ordinary course of the Borrower's business.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Novastar Financial Inc)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except (a) for the Acquisition Term Loan and obligations arising in connection therewith, (b) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except (c) for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of a Borrower's ’s business.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Contingent Liabilities. Assume, guarantee, endorse endorse, or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except for obligations arising resulting form representations, warranties and covenants customarily made in connection with the sale non-recourse sales of Mortgage Loans with recourse in the ordinary course of Borrower's businessLoans.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (U S Home Corp /De/)

Contingent Liabilities. Assume, guarantee, endorse endorse, or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except for obligations arising in connection with excluding the sale of Mortgage Loans with recourse in the ordinary course of Borrower's businessthe Borrowers' businesses.

Appears in 1 contract

Samples: Credit and Security Agreement (WMF Group LTD)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with without recourse in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (American Home Mortgage Holdings Inc)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's business’s business and others in an aggregate amount at any time outstanding not to exceed $1,000,000.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (WMC Finance Co)

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Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except (a) for the Acquisition Term Loan and obligations arising in connection therewith, (b) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except (c) for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's ’s business.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Contingent Liabilities. Assume, guarantee, endorse endorse, or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except for obligations arising resulting from representations, warranties and covenants customarily made in connection with the sale non-recourse sales of Mortgage Loans with recourse in the ordinary course of Borrower's businessLoans.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (U S Home Corp /De/)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except (a) for the Term Loan and obligations arising in connection therewith, (b) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except (c) for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of a Borrower's ’s business.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the upon or otherwise become obligated with respect to, any liability or other obligation of any Person other Person, except by endorsement for endorsements of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Credit and Security Agreement (Astrex Inc)

Contingent Liabilities. AssumeEndorse, guarantee, endorse guarantee or otherwise become contingently liable for the obligation obligations of any Person except by endorsement for endorsements of negotiable instruments for deposit by Borrower or collection a Subsidiary in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's business.;

Appears in 1 contract

Samples: Loan Agreement (American Electric Technologies Inc)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except (a) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except (b) for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's ’s business.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Homebanc Corp)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except (a) for the Acquisition Term Loan and obligations arising in connection therewith, (b) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, business and except (c) for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of a Borrower's ’s business.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Contingent Liabilities. Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person Person, or permit any Subsidiary to do any of the foregoing, except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with without credit recourse (but subject to recourse for breaches of normal representations, warranties and other provisions) in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Warehousing Credit, Term Loan and Security Agreement (American Home Mortgage Holdings Inc)

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