Common use of No Equity Participation Clause in Contracts

No Equity Participation. No Loan contains any equity participation by the Mortgagee thereunder, is convertible by its terms into an equity ownership interest in the related Mortgaged Property or the related Mortgagor, provides for any contingent or additional interest in the form of participation in the cash flow of the related Mortgaged Property, or provides for the negative amortization of interest.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Ready Capital Corp), Master Repurchase Agreement (Sutherland Asset Management Corp), Master Repurchase Agreement (Sutherland Asset Management Corp)

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No Equity Participation. No Loan contains any equity participation by the Mortgagee thereunder, is convertible by its terms into an equity ownership interest in the related Mortgaged Property or the related Mortgagor, provides for any contingent or additional interest ​ ​ in the form of participation in the cash flow of the related Mortgaged Property, or provides for the negative amortization of interest.

Appears in 1 contract

Samples: Master Repurchase Agreement (Ready Capital Corp)

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