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

Loans Not to Be Evidenced by Promissory Notes. The Originator 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.

Loans Not to Be Evidenced by Promissory Notes. The Originator will take no action to cause any Loan not originally evidenced by an Underlying Note instrument as described in Section 2.05 hereof, to be evidenced by an instrument (as defined in the UCC), except in connection with the enforcement or collection of such Loan.

Loans Not to Be Evidenced by Promissory Notes. The Originator will take no action to cause any Loan not originally evidenced by an Underlying Note instrument as described in Section 2.06 hereof, to be evidenced by an instrument (as defined in the UCC), except in connection with the enforcement or collection of such Loan.