Common use of Loans Not to Be Evidenced by Promissory Notes Clause in Contracts

Loans Not to Be Evidenced by Promissory Notes. The Trust Depositor will take no action to cause any Loan not originally evidenced by an Underlying Note to be evidenced by an instrument (as defined in the UCC), except in connection with the enforcement or collection of such Loan.

Appears in 24 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (Capitalsource Inc), Transfer and Servicing Agreement (American Capital Strategies LTD)

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Loans Not to Be Evidenced by Promissory Notes. The Trust Depositor will take no action to cause any Loan not originally evidenced by an Underlying Note Note, to be evidenced by an instrument (as defined in the UCC), except in connection with the enforcement or collection of such Loan.

Appears in 1 contract

Samples: Acas Transfer Agreement (American Capital Strategies LTD)

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