Delivery of Additional Collateral or Mandatory Prepayment. At any time that the aggregate Collateral Value of the Pledged Mortgages, Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender may request, and the Company shall within two (2) Business Days after Notice by the Lender (a) deliver to the Lender for pledge hereunder additional Mortgage Loans, and/or cash, with a Collateral Value sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Pledged Securities and REO Properties pledged hereunder.
Appears in 2 contracts
Samples: Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co)
Delivery of Additional Collateral or Mandatory Prepayment. At any time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender may request, and the Company shall within two (2) Business Days after Notice by the Lender (a) deliver to the Lender for pledge hereunder additional Mortgage Loans, Loans and/or cash, with a Collateral Value sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.. 146
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (U S Home Corp /De/)
Delivery of Additional Collateral or Mandatory Prepayment. At any --------------------------------------------------------- time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount Advance Balance of the Warehousing Advances then outstanding hereunder, the Lender may request, and the Company shall within two (2) Business Days after Notice by the Lender (a) deliver to the Lender for pledge hereunder additional Mortgage Loans, Loans and/or cash, with a Collateral Value sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount Advance Balance of Warehousing Advances outstanding hereunder, and/or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (National Mortgage Corp)
Delivery of Additional Collateral or Mandatory Prepayment. At any time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender may request, and the Company shall within two (2) Business Days after Notice by the Lender (a) deliver to the Lender for pledge hereunder additional Mortgage Loans, Loans and/or cash, with a Collateral Value in aggregate amounts sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.. ----------
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Finet Holdings Corp)
Delivery of Additional Collateral or Mandatory Prepayment. At any time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender may request, and the Company shall within two (2) 2 Business Days after Notice by the Lender (a) deliver to the Lender for pledge hereunder additional Mortgage Loans, Loans and/or cash, with a Collateral Value sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Finet Com Inc)
Delivery of Additional Collateral or Mandatory Prepayment. At any time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender may request, and the Company Borrowers shall within two (2) Business Days after Notice by the Lender (a) deliver to the Lender for pledge hereunder additional Mortgage Loans, Loans and/or cash, with a Collateral Value sufficient to cover the difference between Washington/Huntxxx:0/03/96 39 the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.
Appears in 1 contract
Delivery of Additional Collateral or Mandatory Prepayment. At any time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender Credit Agent may request, and the Company shall within two (2) 2 Business Days after Notice by the Lender Credit Agent (a) deliver to the Lender Collateral Agent for pledge hereunder additional Mortgage Loans, Loans and/or cash, with a Collateral Value sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc)
Delivery of Additional Collateral or Mandatory Prepayment. At any time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender may request, and the Company Borrowers shall within two (2) Business Days after Notice by the Lender (a) deliver to the Lender for pledge hereunder additional Mortgage Loans, and/or cash, at the Borrower's option, with a Collateral Value sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (BNC Mortgage Inc)
Delivery of Additional Collateral or Mandatory Prepayment. At any time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender may request, and the Company shall within two (2) Business Days after Notice by the Lender (a) deliver to the Lender for pledge hereunder additional Mortgage Loans, Loans and/or cash, with a Collateral Value sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Amresco Inc)
Delivery of Additional Collateral or Mandatory Prepayment. At --------------------------------------------------------- any time that the aggregate Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property then pledged hereunder is less than the aggregate amount of the Warehousing Advances then outstanding hereunder, the Lender Credit Agent may request, and the Company Borrowers shall within two (2) Business Days after Notice by the Lender Credit Agent (a) deliver to the Lender Collateral Agent for pledge hereunder additional Mortgage Loans, Loans and/or cash, with a Collateral Value sufficient to cover the difference between the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Property pledged and the aggregate amount of Warehousing Advances outstanding hereunder, and/or (b) repay the Warehousing Advances in an amount sufficient to reduce the aggregate balance thereof outstanding to or below the Collateral Value of the Pledged Mortgages, Mortgages and Pledged Securities and REO Properties pledged hereunder.
Appears in 1 contract
