Common use of Initial and Subsequent Loans Clause in Contracts

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

Appears in 18 contracts

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

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

Appears in 10 contracts

Samples: Master Loan and Security Agreement (New Century Financial Corp), Guarantee and Security Agreement (Northstar Realty), Master Loan and Security Agreement (Aames Financial Corp/De)

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

Appears in 3 contracts

Samples: Master Loan and Security Agreement (Southern Pacific Funding Corp), Master Loan and Security Agreement (Southern Pacific Funding Corp), Master Loan and Security Agreement (Amresco Inc)

Initial and Subsequent Loans. The If the Lender agrees to make a ---------------------------- Loan to the Borrowers, the making of each Loan to the Borrowers (including the initial Loan) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Loan and also after giving effect thereto and to the intended use thereof:

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

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

Appears in 1 contract

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

Initial and Subsequent Loans. The making of each Loan to the Borrowers Borrower (including the initial LoanLoan during either the Interim Period or the Final Period) on any Business Day is subject to the satisfaction of the following further conditions precedent, both immediately prior to the making of such Loan and also after giving effect thereto and to the intended use thereof:

Appears in 1 contract

Samples: Loan and Security Agreement (Cityscape Financial Corp)

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

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

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

Appears in 1 contract

Samples: Master Loan and Security Agreement (Life Financial Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Anthracite Capital Inc)

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

Appears in 1 contract

Samples: Master Loan and Security Agreement (BNC Mortgage Inc)

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