Common use of Investments; Advances Clause in Contracts

Investments; Advances. Make or commit to make any advance, loan or extension of credit (other than Mortgage Loans and reimbursable servicing advances made in the ordinary course of the Company's or such Subsidiary's business) or capital contribution to, or purchase any stock, bonds, notes, debentures or other securities of, or make any other investment in, any Person if such investment, advance or commitment to advance, when combined with all other such investments, advances and commitments to advance, exceeds twenty percent (20%) of the total equity of the Parent (determined in accordance with GAAP on a consolidated basis) immediately prior to the proposed effective date of such investment, advance or commitment to advance.

Investments; Advances. Make or commit to make any advance, loan or extension of credit (other than Mortgage Loans and reimbursable servicing advances made in the ordinary course of the CompanySeller's or such Guarantor's or any Subsidiary's business) or capital contribution to, or purchase any stock, bonds, notes, debentures or other securities of, or make any other investment in, any Person if such investment, advance or commitment to advance, when combined with all other such investments, advances and commitments to advance, exceeds twenty percent (20%) of the total equity of the Parent Guarantor (determined in accordance with GAAP on a consolidated basis) immediately prior to the proposed effective date of such investment, advance or commitment to advance.

Investments; Advances. Make or commit to make any advance, loan or extension of credit (other than Mortgage Loans and reimbursable servicing advances made in the ordinary course of the CompanySeller's or such Subsidiary's business) or capital contribution to, or purchase any stock, bonds, notes, debentures or other securities of, or make any other investment in, any Person if such investment, advance or commitment to advance, when combined with all other such investments, advances and commitments to advance, exceeds twenty percent (20%) of the total equity of the Parent Guarantor (determined in accordance with GAAP on a consolidated basis) immediately prior to the proposed effective date of such investment, advance or commitment to advance.