Common use of Initial and Subsequent Advances Clause in Contracts

Initial and Subsequent Advances. The making of each Advance to the Borrower (including the initial Advance) on any Business Day is subject to the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 10 contracts

Samples: Master Loan and Security Agreement (Fleetwood Enterprises Inc/De/), Master Loan and Security Agreement (New Century Financial Corp), Reo Subsidiary Pledge Agreement (New Century Financial Corp)

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Initial and Subsequent Advances. The making of each Advance to the Borrower Borrowers (including the initial Advance) on any Business Day is subject to the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 6 contracts

Samples: Loan and Security Agreement (Aames Financial Corp/De), Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Aames Investment Corp)

Initial and Subsequent Advances. The making of each Advance to the Borrower (including the initial Advance) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 5 contracts

Samples: Loan and Security Agreement (Medallion Financial Corp), Master Loan and Security Agreement (Criimi Mae Inc), Warehouse and Security Agreement (CNL American Properties Fund Inc)

Initial and Subsequent Advances. The making of each Advance to ------------------------------- the Borrower (including the initial Advance) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 3 contracts

Samples: And Security Agreement (Imperial Credit Commercial Mortgage Investment Corp), Loan and Security Agreement (National Mortgage Corp), And Security Agreement (New Century Financial Corp)

Initial and Subsequent Advances. The making of each Advance to the Borrower (including the initial Advance) on any Business Day is subject to the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 2 contracts

Samples: Loan Agreement (Gramercy Capital Corp), Loan Agreement (American Financial Realty Trust)

Initial and Subsequent Advances. The With respect to each Tranche, the making of each each, related Advance to the Borrower Borrowers (including the initial Advance) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Sutherland Asset Management Corp), Master Loan and Security Agreement (Sutherland Asset Management Corp)

Initial and Subsequent Advances. The making of each Advance to the Borrower Borrowers (including the initial Advance) on any Business Day is subject to the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Offerpad Solutions Inc.), Master Loan and Security Agreement (Supernova Partners Acquisition Company, Inc.)

Initial and Subsequent Advances. The making of each Advance to the Borrower (including the initial Advance) on any Business Day is subject to the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 2 contracts

Samples: Credit and Security Agreement (Altisource Residential Corp), Master Loan and Security Agreement (Starwood Waypoint Residential Trust)

Initial and Subsequent Advances. The making of each Advance to the a Borrower (including the initial Advance) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 1 contract

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

Initial and Subsequent Advances. The making of each Advance to the a Borrower (including the initial Advance) on any Business Day is subject to the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 1 contract

Samples: Master Loan and Security Agreement (New York Mortgage Trust Inc)

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Initial and Subsequent Advances. The making of each Advance to the Borrower (including the initial Advance) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereofAdvance:

Appears in 1 contract

Samples: Master Loan and Security Agreement (Chastain Capital Corp)

Initial and Subsequent Advances. The making of each Advance to the a Borrower (including the initial Advance) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:: -42- 48

Appears in 1 contract

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

Initial and Subsequent Advances. The making of each Advance to ------------------------------ the Borrower (including the initial Advance) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 1 contract

Samples: New Century Financial Corp

Initial and Subsequent Advances. The making of each Advance to the Borrower theBorrower (including the initial Advance) on any Business Day is subject to the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 1 contract

Samples: Master Loan and Security Agreement (Aames Financial Corp/De)

Initial and Subsequent Advances. The making of each Advance to the Borrower (including any Advance on the initial AdvanceEffective Date) on any Business Day is subject to the following further conditions precedent, both immediately prior to the making of such Advance and also after giving effect thereto and to the intended use thereof:

Appears in 1 contract

Samples: Master Loan and Security Agreement (Starwood Waypoint Residential Trust)

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