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Common use of No Warehousing Clause in Contracts

No Warehousing. Advance will be made against a Mortgage Loan with an original principal balance in excess of $2,000,000.

Appears in 5 contracts

Sources: Warehousing Credit and Security Agreement (First NLC Financial Services Inc), Warehousing Credit and Security Agreement (Oak Street Financial Services Inc), Warehousing Credit and Security Agreement (Oak Street Financial Services Inc)

Related Clauses

  • Warehousing
  • Equipment and Supplies
  • Equipment and Tools
  • Use of the Equipment
  • Equipment and Materials

Parent Clauses

  • OTHER DEFINITIONAL PROVISIONS; TERMS OF CONSTRUCTION
  • Definitions
  • LIMITATION ON WAREHOUSING ADVANCES AGAINST MORTGAGE LOANS
  • No Warehousing Advance
  • The Warehousing Credit Limit

Sub-Clauses

  • Required Prepayments for REO Property
  • Subprime Mortgage Loan
  • Required Prepayments
  • High LTV Mortgage Loan
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