Loan Quality; Pipeline. (i) As of the date of this Agreement, no Company Loan has been held for sale for a period of time after the date of funding that is outside the requirements of any applicable Warehouse Line, and subsequent to the date of this Agreement there will have been no increase in the aggregate outstanding principal balance of such Company Loans held for sale for a period of time after the date of funding that is outside of the requirements of any applicable Warehouse Line that would constitute a Material Adverse Effect on the Company.
(ii) As of the date of this Agreement, no Company Loan held for investment is (x) past due with respect to any scheduled payment of principal or interest for a period of time that is outside the requirements of any applicable Warehouse Line, (y) in foreclosure or litigation or (z) subject to bankruptcy proceedings commenced by or in respect of the borrower, and subsequent to the date of this Agreement there will have been no increase in the aggregate outstanding principal balance of such Company Loans that are past due with respect to any scheduled payment of principal or interest for a period of time that is outside the requirements of any applicable Warehouse Line, in foreclosure or litigation, or subject to bankruptcy that would constitute a Material Adverse Effect on the Company.
Loan Quality; Pipeline. (i) As of the date of this Agreement, no Purchaser Loan has been held for sale for a period of time after the date of funding that is outside the requirements of any applicable Warehouse Line, and subsequent to the date of this Agreement there will have been no increase in the aggregate outstanding principal balance of such Purchaser Loans held for sale for a period of time after the date of funding that is outside of the requirements of any applicable Warehouse Line that would constitute a Material Adverse Effect on the Purchaser.
(ii) As of the date of this Agreement, no Purchaser Loan held for investment is (x) past due with respect to any scheduled payment of principal or interest for a period of time that is outside the requirements of any applicable Warehouse Line, (y) in foreclosure or litigation or (z) subject to bankruptcy proceedings commenced by or in respect of the borrower, and subsequent to the date of this Agreement there will have been no increase in the aggregate outstanding principal balance of such Purchaser Loans that are past due with respect to any scheduled payment of principal or interest for a period of time that is outside the requirements of any applicable Warehouse Line, in foreclosure or litigation, or subject to bankruptcy that would constitute a Material Adverse Effect on the Purchaser.
Loan Quality; Pipeline. (i) As of the date of this Agreement, no Loan has been held for sale for more than 90 days past the date of funding other than as set forth in Section 2.29(b) of the Company Disclosure Schedule, and subsequent to the date of this Agreement there will have been no increase in the aggregate outstanding principal balance of such Loans held for sale for more than 90 days past the date of funding that would constitute a Company Material Adverse Effect.
(ii) As of the date of this Agreement, no Loan held for investment is (x) more than 90 days past due with respect to any scheduled payment of principal or interest, (y) in foreclosure or litigation or (z) subject to bankruptcy proceedings commenced by or in respect of the borrower, other than as set forth in Section 2.29(b) of the Company Disclosure Schedule, and subsequent to the date of this Agreement there will have been no increase in the aggregate outstanding principal balance of such Loans more than 90 days past due, in foreclosure or litigation, or subject to bankruptcy that would constitute a Company Material Adverse Effect.
