Margin Option. (a) At any time and from time to time, the Note Purchaser shall have the right to determine whether the Mortgage Loan Base supports the aggregate Note Principal Balance of the Secured Notes. If at any time the Note Purchaser determines that the aggregate Note Principal Balance of the Secured Notes exceeds the Mortgage Loan Base, then, in each such case, a "Shortfall" shall exist.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (American Business Financial Services Inc /De/), Sale and Servicing Agreement (American Business Financial Services Inc /De/), Sale and Servicing Agreement (American Business Financial Services Inc /De/)
Margin Option. (a) At any time and from time to time, the Note Purchaser shall have the right to determine whether the Mortgage Loan Borrowing Base supports the aggregate Note Principal Balance of the Secured Notes. If at any time the Note Purchaser determines that the aggregate Note Principal Balance of the Secured Notes exceeds the Mortgage Loan Borrowing Base, then, in each such case, a "Shortfall" shall exist.
Appears in 1 contract
Samples: Sale and Servicing Agreement (American Business Financial Services Inc /De/)
