Common use of No Extended Notes Clause in Contracts

No Extended Notes. No Extended Notes are outstanding unless after giving effect to such new issuance of Secured Liquidity Notes, sufficient funds will be available to fully repay (x) all outstanding Extended Notes and (y) all Secured Liquidity Notes maturing on such date. The Issuer hereby agrees that each issuance of Secured Liquidity Notes constitutes a representation and warranty by the Issuer that the conditions specified above are then satisfied and will be satisfied immediately after giving effect thereto.

Appears in 1 contract

Samples: Security Agreement (New Century Financial Corp)

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No Extended Notes. No Extended Notes are outstanding unless after giving effect to such new issuance of Secured Liquidity Notes, Notes sufficient funds will be available to fully repay (x) all outstanding Extended Notes and (y) all Secured Liquidity Notes maturing on such date. The Issuer hereby agrees that each issuance of Secured Liquidity Notes constitutes a representation and warranty by the Issuer that the conditions specified above are then satisfied and will be satisfied immediately after giving effect thereto.

Appears in 1 contract

Samples: Security Agreement (Accredited Home Lenders Holding Co)

No Extended Notes. No Extended Notes are outstanding unless after giving effect to such new issuance of Secured Liquidity Notes, Notes sufficient funds will be available to fully My repay (x) all outstanding Extended Notes and (y) all Secured Liquidity Notes maturing on such date. The Issuer hereby agrees that each issuance of Secured Liquidity Notes constitutes a representation and warranty by the Issuer that the conditions specified above are then satisfied and will be satisfied immediately after giving effect thereto.

Appears in 1 contract

Samples: Security Agreement (Accredited Home Lenders Holding Co)

No Extended Notes. No Extended Notes are outstanding unless after giving effect to such new issuance of Secured Liquidity Notes, Notes sufficient funds will be available to fully repay (x) all outstanding Extended Notes and (y) all Secured Liquidity Notes maturing on such date. The Issuer hereby agrees that each issuance of Secured Liquidity Notes constitutes a representation and warranty by the Issuer that the conditions specified above are then satisfied and will be satisfied immediately after giving effect thereto.

Appears in 1 contract

Samples: Security Agreement (New Century Financial Corp)

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No Extended Notes. No Extended Notes are outstanding unless after giving effect to such new issuance of Secured Liquidity Notes, Notes sufficient funds will be available to fully repay (x) all outstanding Extended Notes and (y) all Secured Liquidity Notes maturing on such date. The Issuer Company hereby agrees that each issuance of Secured Liquidity Notes constitutes a representation and warranty by the Issuer Company that the conditions specified above are then satisfied and will be satisfied immediately after giving effect thereto.

Appears in 1 contract

Samples: Security Agreement (New Century Financial Corp)

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