Common use of Continuation of Lien Clause in Contracts

Continuation of Lien. Unless released in writing by the Administrative Agent as herein provided, the security interest in favor of the Administrative Agent for the benefit of the holders of the Obligations, in all Mortgage Loan Collateral transmitted pursuant to Section 3.3(b) shall continue in effect until such time as payment in full of the amount described in Section 3.3(b)(iii) shall have been received.

Appears in 10 contracts

Samples: Loan Agreement, Securitization Agreement, Loan Agreement (Lennar Corp /New/)

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Continuation of Lien. Unless released in writing by the Administrative Agent as herein provided, the security interest in favor of the Administrative Agent for the benefit of the holders of the Obligations, in all Mortgage Loan Collateral transmitted pursuant to Section 3.3(b3.4(b) shall continue in effect until such time as the Administrative Agent shall have received payment in full of the amount described in Section 3.3(b)(iii) shall have been received3.4(b)(iii).

Appears in 5 contracts

Samples: Loan Agreement (Horton D R Inc /De/), Collateral Agency Agreement (Pulte Homes Inc/Mi/), Collateral Agency Agreement (American Home Mortgage Investment Corp)

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