Prepayment of Eligible Mortgage Loans. Borrower will not permit any Mortgagor to prepay any installment of principal and interest on any Eligible Mortgage Loan, unless such prepayments is remitted directly to Bank to reduce Borrower’s indebtedness arising under this Agreement.
Appears in 4 contracts
Samples: Loan and Security Agreement, Mortgage Warehouse Loan and Security Agreement (William Lyon Homes), Mortgage Warehouse Loan and Security Agreement (William Lyon Homes)
Prepayment of Eligible Mortgage Loans. Borrower will not permit any Mortgagor to prepay any installment of principal and interest on any Eligible Mortgage Loan, unless such prepayments is remitted directly to Bank to reduce Borrower’s Borrowers indebtedness arising under this Agreement.
Appears in 1 contract
Prepayment of Eligible Mortgage Loans. Borrower will not permit any Mortgagor to prepay any installment of principal and interest on any Eligible Mortgage Loan, unless such prepayments is remitted directly to Bank to reduce Borrower’s 's indebtedness arising under this Agreement.
Appears in 1 contract
Samples: Mortgage Warehouse Loan and Security Agreement (William Lyon Homes)
