Common use of Loss of Eligibility Clause in Contracts

Loss of Eligibility. Take any action that would cause Borrower to lose all or any part of its status as an eligible lender, seller/servicer or issuer as described under Section 9.1.

Appears in 18 contracts

Samples: Credit and Security Agreement (Homebanc Corp), Warehousing Credit and Security Agreement (E Loan Inc), Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.)

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Loss of Eligibility. Take any action that would cause any Borrower to lose all or any part of its status as an eligible lender, seller/servicer or issuer as described under Section 9.1.

Appears in 3 contracts

Samples: Credit and Security Agreement (Lennar Corp /New/), American Home Mortgage Investment Corp, American Home Mortgage Investment Corp

Loss of Eligibility. Take any action that would cause such Borrower to lose all or any part of its status as an eligible lender, seller/servicer or and issuer as described under Section 9.15.11 hereof.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Hanover Capital Mortgage Holdings Inc), Warehousing Credit and Security Agreement (Hanover Capital Mortgage Holdings Inc)

Loss of Eligibility. Take Take, or fail to take, any action that would cause the Borrower to lose all or any part of its status as an eligible lender, seller/servicer or issuer as described under Section 9.1SECTION 5.27 hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Homecapital Investment Corp)

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Loss of Eligibility. Take any action that would cause Borrower to lose all or any part of its status as an eligible lender, seller/servicer or issuer as described under Section 9.12.3.

Appears in 1 contract

Samples: Loan and Security Agreement (American Home Mortgage Holdings Inc)

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