Common use of Notification of Payment Clause in Contracts

Notification of Payment. Borrower shall provide Lender not fewer than one (1) Business Days notice if Borrower or an Investor intends to remit a payment to Lender equal to or greater than ten million dollars ($10,000,000).

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (ECC Capital CORP), Revolving Credit and Security Agreement (Fieldstone Investment Corp)

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Notification of Payment. With the exception of Mortgage Loans pledged to Countrywide's Correspondent Lending Division, Borrower shall provide Lender not fewer than one (1) Business Days notice if Borrower or an Investor intends to remit a payment to Lender equal to or greater than ten million dollars ($10,000,000).

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Technical Olympic Usa Inc)

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Notification of Payment. Borrower shall provide Lender not fewer than one (1) Business Days notice if Borrower or an Investor intends to remit a payment to Lender equal to or greater than ten fifteen million dollars ($10,000,00015,000,000).

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Aames Financial Corp/De)

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