Direct Benefit From Loans. The Company has received, or, upon the execution and funding thereof, will receive (a) direct benefit from the making and execution of this Agreement and the other Loan Documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Mortgage Loans.
Appears in 5 contracts
Samples: Credit and Security Agreement (First NLC Financial Services Inc), Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (BNC Mortgage Inc)
Direct Benefit From Loans. The Company Borrower has received, or, upon the execution and funding thereof, will receive (a) direct and indirect benefit from the making and execution of this Agreement and the other Loan Documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender Lenders to the CompanyBorrower, all such proceeds will be used to finance for the origination or purchase of Mortgage Loanspurposes set forth in Section 2.1 hereof and none other.
Appears in 3 contracts
Samples: Warehousing Credit and Security Agreement (Centerline Holding Co), Warehousing Credit and Security Agreement (Centerline Holding Co), Warehousing Credit and Security Agreement (Centerline Holding Co)
Direct Benefit From Loans. The Company Borrower has received, received or, upon the execution and funding thereof, will receive (a) direct benefit from the making and execution of this Agreement and the other Loan Documents documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents Security Instruments to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Mortgage Loans.
Appears in 2 contracts
Samples: Loan Agreement (Harte Hanks Inc), Loan Agreement (Harte Hanks Inc)
Direct Benefit From Loans. The Company Borrower has received, received or, upon the execution and funding thereof, will receive (a) direct benefit from the making and execution of this Agreement and the other Loan Documents documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Mortgage Loans.
Appears in 2 contracts
Samples: Loan and Security Agreement (Unique Logistics International, Inc.), Loan Agreement (Bollinger Industries Inc)
Direct Benefit From Loans. The Company Each Borrower has received, received or, upon the execution and funding thereof, will receive (a) direct benefit from the making and execution of this Agreement and the other Loan Documents documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Mortgage Loans.
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Direct Benefit From Loans. The Company Borrower has received, received or, upon the execution and funding thereof, will receive (ai) direct benefit from the making and execution of this Agreement and the other Loan Documents documents to which it is a party, and (bii) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Mortgage Loans.
Appears in 1 contract
Direct Benefit From Loans. The Company has received, or, upon the execution and funding thereof, will receive (a) direct and indirect benefit from the making and execution of this Agreement and the other Loan Documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender Lenders to the Company, all such proceeds will be used to finance the origination or purchase of Eligible Mortgage Loans.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Sirva Inc)
Direct Benefit From Loans. The Company has received, or, upon the execution and funding thereof, will receive (a) direct and indirect benefit from the making and execution of this Agreement and the other Loan Documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Eligible Mortgage Loans.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Sirva Inc)
Direct Benefit From Loans. The Company has received, or, upon the ------------------------- execution and funding thereof, will receive (a) direct benefit from the making and execution of this Agreement and the other Loan Documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Eligible Mortgage Loans.
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Direct Benefit From Loans. The Company Borrower has received, or, upon the execution and funding thereof, will receive (ai) direct benefit from the making and execution of this Agreement and the other Loan Documents documents to which it is a party, and (bii) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Mortgage Loans.
Appears in 1 contract
Direct Benefit From Loans. The Company Each Borrower has received, or, upon the execution and funding thereof, will receive (a) direct benefit from the making and execution of this Agreement and the other Loan Documents documents to which it is a party, and (b) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Mortgage Loans.,
Appears in 1 contract
Samples: Loan Agreement (Ultrak Inc)
Direct Benefit From Loans. The Company Each Borrower has received, or, upon the execution and funding thereof, will receive (ai) direct benefit from the making and execution of this Agreement and the other Loan Documents documents to which it is a party, and (bii) fair and independent consideration for the entry into, and performance of, this Agreement and the other Loan Documents documents to which it is a party. Contemporaneously with the disbursements of each Advance by the Lender to the Company, all such proceeds will be used to finance the origination or purchase of Mortgage Loans.
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