Common use of Procedures for Obtaining Advances Clause in Contracts

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................2-1 3. INTEREST, PRINCIPAL AND FEES ...............................................................................3-1 3.1. Interest.........................................................................................3-1 3.2. Interest Limitation..............................................................................3-2 3.3. Principal Payments ..............................................................................3-2 3.4. Non-Usage Fees ..................................................................................3-4 3.5. Loan Package Fees, Wire Fees, Warehousing Fees ..................................................3-4 3.6. Miscellaneous Fees and Charges...................................................................3-4 3.7. Overdraft Advances............................................................................3-4 3.8. Method of Making Payments........................................................................3-5 4. COLLATERAL..................................................................................................4-1 4.1. Grant of Security Interest.......................................................................4-1 4.2. Maintenance of Collateral Records................................................................4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ............................4-2 4.4. Collection and Servicing Rights..................................................................4-3 4.5. Return of Collateral at End of Warehousing Commitment............................................4-4 4.6. Delivery of Collateral Documents ................................................................4-4 5. CONDITIONS PRECEDENT........................................................................................5-1 5.1. Initial Advance..................................................................................5-1 5.2. Each Advance.....................................................................................5-3 5.3. Force Majeure....................................................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .....................................................................6-1 6.1. Place of Business................................................................................6-1 6.2. Organization; Good Standing; Subsidiaries .......................................................6-1 6.3. Authorization and Enforceability.................................................................6-1 6.4. Authorization and Enforceability of Guaranty.....................................................6-1 6.5. Approvals........................................................................................6-2 6.6. Financial Condition..............................................................................6-2 6.7. Litigation.......................................................................................6-2 6.8. Compliance with Laws ............................................................................6-2 6.9. Regulation U.....................................................................................6-2 6.10. Investment Company Act..........................................................................6-3 6.11. Payment of Taxes................................................................................6-3 6.12. Agreements......................................................................................6-3 6.13. Title to Properties.............................................................................6-3 6.14. ERISA...........................................................................................6-3 6.15.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................Advances.........................................................2-1 3. INTEREST, PRINCIPAL AND FEES ...............................................................................FEES..........................................................3-1 3.1. Interest..............................................................................................................................................................3-1 3.2. Interest Limitation........................................................................................................................................3-2 3.3. Principal Payments ..............................................................................Payments...........................................................3-2 3.4. Non-Usage Fees ..................................................................................Buydowns.....................................................................3-4 3.5. Warehousing Commitment Fees..................................................3-5 3.6. Loan Package Fees, Wire Fees, Warehousing Fees ..................................................Fees...............................3-4 3.65 3.7. Miscellaneous Fees and Charges..................................................................................................................3-4 3.75 3.8. Overdraft Advances.......................................................................................................................................3-4 3.85 3.9. Method of Making Payments............................................................................................................................3-5 6 4. COLLATERAL..............................................................................................................................................................................4-1 4.1. Grant of Security Interest..........................................................................................................................4-1 4.2. Maintenance of Collateral Records............................................................................................................4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ............................Securities.........4-2 4.4. Collection and Servicing Rights................................................................................................................4-3 4.5. Return of Collateral at End of Warehousing Commitment....................................................................4-4 4.6. Delivery of Collateral Documents ................................................................Documents.............................................4-4 5. CONDITIONS PRECEDENT..........................................................................................................................................................5-1 5.1. Initial Advance................................................................................................................................................5-1 5.2. Each Advance......................................................................................................................................................5-3 2 5.3. Force Majeure....................................................................................................................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .....................................................................WARRANTIES................................................6-1 6.1. Place of Business............................................................................................................................................6-1 6.2. Organization; Good Standing; Subsidiaries .......................................................Subsidiaries....................................6-1 6.3. Authorization and Enforceability..............................................................................................................6-1 6.4. Authorization and Enforceability of Guaranty.....................................................Approvals....................................................................6-1 6.5. Approvals........................................................................................Financial Condition..........................................................6-2 6.6. Financial Condition..............................................................................Litigation...................................................................6-2 6.7. Litigation.......................................................................................Compliance with Laws.........................................................6-2 6.8. Compliance with Laws ............................................................................Regulation U.................................................................6-2 6.9. Regulation U.....................................................................................Investment Company Act.......................................................6-2 6.10. Investment Company Act..........................................................................Payment of Taxes.............................................................6-3 6.11. Payment of Taxes................................................................................Agreements...................................................................6-3 6.12. Agreements......................................................................................Title to Properties..........................................................6-3 6.13. Title to Properties.............................................................................ERISA 6-3 6.14. ERISA...........................................................................................6-3 6.15.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ................................................................................................................................................ 2-1 3. INTEREST, PRINCIPAL AND FEES ............................................................................................................................................. 3-1 3.1. Interest.........................................................................................Interest ................................................................................ 3-1 3.2. Interest Limitation..............................................................................Limitation ..................................................................... 3-2 3.3. Principal Payments .................................................................................................................................................... 3-2 3.4. Non-Usage Fees ..................................................................................Buydowns ................................................................................ 3-4 3.5. Warehousing Commitment Fees ............................................................. 3-5 3.6. Loan Package Fees, Wire Fees, Fees and Warehousing Fees ......................................................................................... 3-4 3.65 3.7. Miscellaneous Fees and Charges...................................................................Charges .......................................................... 3-4 3.75 3.8. Overdraft Advances............................................................................Advances ...................................................................... 3-4 3.85 3.9. Method of Making Payments........................................................................Payments ............................................................... 3-5 6 4. COLLATERAL..................................................................................................COLLATERAL ................................................................................ 4-1 4.1. Grant of Security Interest.......................................................................Interest .............................................................. 4-1 4.2. Maintenance of Collateral Records................................................................Records ....................................................... 4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ................................................ 4-2 4.4. Collection and Servicing Rights..................................................................Rights ......................................................... 4-3 4.5. Return of Collateral at End of Warehousing Commitment............................................Commitment ................................... 4-4 4.6. Delivery of Collateral Documents ........................................................................................................................ 4-4 5. CONDITIONS PRECEDENT........................................................................................PRECEDENT ...................................................................... 5-1 5.1. Initial Advance..................................................................................Advance ......................................................................... 5-1 5.2. Each Advance.....................................................................................Advance ............................................................................ 5-3 2 5.3. Force Majeure....................................................................................Majeure ........................................................................... 5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES ......................................................................................................................... 6-1 6.1. Place of Business................................................................................Business ....................................................................... 6-1 6.2. Organization; Good Standing; Subsidiaries ...................................................................................................... 6-1 6.3. Authorization and Enforceability.................................................................Enforceability ........................................................ 6-1 6.4. Authorization and Enforceability of Guaranty.....................................................Guaranty ............................................ 6-1 6.5. Approvals........................................................................................Approvals ............................................................................... 6-2 6.6. Financial Condition..............................................................................Condition ..................................................................... 6-2 6.7. Litigation.......................................................................................Litigation .............................................................................. 6-2 6.8. Compliance with Laws ................................................................................................................................................ 6-2 6.9. Regulation U.....................................................................................U ............................................................................ 6-2 3 6.10. Investment Company Act..........................................................................Act ................................................................. 6-3 6.11. Payment of Taxes................................................................................Taxes ....................................................................... 6-3 6.12. Agreements......................................................................................Agreements ............................................................................. 6-3 6.13. Title to Properties.............................................................................Properties .................................................................... 6-3 6.14. ERISA...........................................................................................ERISA .................................................................................. 6-3 4 6.15.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................Advances..................................... 2-1 3. INTEREST, PRINCIPAL AND FEES ...............................................................................FEES............................. 3-1 3.1. Interest.......................................................................................................................................... 3-1 3.2. Interest Limitation.................................................................................................................... 3-2 3.3. Principal Payments ..............................................................................Payments....................................... 3-2 3.4. Non-Usage Fees ..................................................................................Buydowns................................................. 3-4 3.5. Warehousing Commitment Fees.............................. 3-4 3.6. Non-Usage Fees........................................... 3-5 3.7. Loan Package Fees, Wire Fees, Warehousing Fees ..................................................Fees........... 3-4 3.65 3.8. Miscellaneous Fees and Charges.............................................................................................. 3-4 3.75 3.9. Overdraft Advances................................................................................................................... 3-4 3.86 3.10. Method of Making Payments........................................................................................................ 3-5 6 4. COLLATERAL................................................................................................................................................. 4-1 4.1. Grant of Security Interest...................................................................................................... 4-1 4.2. Maintenance of Collateral Records........................................................................................ 4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities .................................................................. 4-2 3 4.4. Collection and Servicing Rights............................................................................................ 4-3 4 4.5. Return of Collateral at End of Warehousing Commitment................................................ 4-4 4.6. Delivery of Collateral Documents ................................................................Documents......................... 4-4 5. CONDITIONS PRECEDENT............................................................................................................................. 5-1 5.1. Initial Advance............................................................................................................................ 5-1 5.2. Each Advance.................................................................................................................................. 5-3 5.3. Force Majeure................................................................................................................................ 5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .....................................................................WARRANTIES................... 6-1 6.1. Place of Business........................................................................................................................ 6-1 6.2. Organization; Good Standing; Subsidiaries .......................................................Subsidiaries................ 6-1 6.3. Authorization and Enforceability.......................................................................................... 6-1 2 6.4. Authorization and Enforceability of Guaranty.....................................................Approvals................................................ 6-1 2 6.5. Approvals........................................................................................Financial Condition...................................... 6-2 6.6. Financial Condition..............................................................................Litigation............................................... 6-2 3 6.7. Litigation.......................................................................................6-2 6.8. Compliance with Laws ............................................................................Laws..................................... 6-2 6.93 6.8. Regulation U.................................................................................................................................. 6-2 6.103 6.9. Investment Company Act............................................................................................................. 6-3 6.10. Payment of Taxes......................................... 6-3 6.11. Payment of Taxes................................................................................Agreements............................................... 6-3 4 6.12. Agreements......................................................................................6-3 6.13. Title to Properties................................................................................................................... 6-3 6.144 6.13. ERISA............................................................................................................................................... 6-3 6.154 6.14.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................Advances........................................................................... 2-1 3. INTEREST, PRINCIPAL AND FEES ...............................................................................FEES................................................................... 3-1 3.1. Interest.........................................................................................Interest ..................................................................................... 3-1 3.2. Interest Limitation.......................................................................................................................................................... 3-2 3.3. Principal Payments ..............................................................................Payments............................................................................. 3-2 3.4. Non-Usage Fees ..................................................................................Buydowns ..................................................................................... 3-4 3.5. Warehousing Commitment Fees.................................................................... 3-4 3.6. Non-Usage Fees................................................................................. 3-5 3.7. Loan Package Fees, Wire Fees, Warehousing Fees ..................................................Fees................................................. 3-4 3.65 3.8. Miscellaneous Fees and Charges.................................................................................................................................... 3-4 3.75 3.9. Overdraft Advances......................................................................................................................................................... 3-4 3.86 3.10. Method of Making Payments.............................................................................................................................................. 3-5 6 4. COLLATERAL....................................................................................................................................................................................... 4-1 4.1. Grant of Security Interest............................................................................................................................................ 4-1 4.2. Maintenance of Collateral Records.............................................................................................................................. 4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ............................Securities........................... 4-2 3 4.4. Collection and Servicing Rights.................................................................................................................................. 4-3 4 4.5. Return of Collateral at End of Warehousing Commitment...................................................................................... 4-4 4.6. Delivery of Collateral Documents ................................................................Documents............................................................... 4-4 5. CONDITIONS PRECEDENT................................................................................................................................................................... 5-1 5.1. Initial Advance.................................................................................................................................................................. 5-1 5.2. Each Advance........................................................................................................................................................................ 5-3 5.3. Force Majeure...................................................................................................................................................................... 5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .....................................................................WARRANTIES......................................................... 6-1 6.1. Place of Business.............................................................................................................................................................. 6-1 6.2. Organization; Good Standing; Subsidiaries .......................................................Subsidiaries...................................................... 6-1 6.3. Authorization and Enforceability................................................................................................................................ 6-1 2 6.4. Authorization and Enforceability of Guaranty.....................................................Approvals ..................................................................................... 6-1 2 6.5. Approvals........................................................................................Financial Condition............................................................................ 6-2 6.6. Financial Condition..............................................................................Litigation..................................................................................... 6-2 3 6.7. Litigation.......................................................................................6-2 6.8. Compliance with Laws ............................................................................Laws........................................................................... 6-2 6.93 6.8. Regulation U........................................................................................................................................................................ 6-2 6.103 6.9. Investment Company Act................................................................................................................................................... 6-3 6.10. Payment of Taxes............................................................................... 6-3 6.11. Payment of Taxes................................................................................Agreements..................................................................................... 6-3 4 6.12. Agreements......................................................................................6-3 6.13. Title to Properties......................................................................................................................................................... 6-3 6.144 6.13. ERISA..................................................................................................................................................................................... 6-3 6.154 6.14.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................................................................... 2-1 2.2. Bridge Loan Advances ................................................... 2-1 3. INTEREST, PRINCIPAL AND FEES ............................................................................................................................... 3-1 3.1. Interest.........................................................................................Interest ............................................................... 3-1 3.2. Interest Limitation..............................................................................Limitation .................................................... 3-2 3.3. Principal Payments ................................................................................................................................... 3-2 3.4. Non-Usage Fees ........................................................................................................................................... 3-4 3.5. Loan Package Fees, Wire Fees, Warehousing Fees ........................................................................................................ 3-4 3.6. Facility Fees .......................................................... 3-5 3.7. Miscellaneous Fees and Charges...................................................................Charges ......................................... 3-4 3.75 3.8. Overdraft Advances............................................................................Advances ..................................................... 3-4 3.85 3.9. Method of Making Payments........................................................................Payments .............................................. 3-5 4. COLLATERAL..................................................................................................COLLATERAL .................................................................. 4-1 4.1. Grant of Security Interest.......................................................................Interest ............................................. 4-1 4.2. Maintenance of Collateral Records................................................................Records ...................................... 4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ............................... 4-2 4.4. Collection and Servicing Rights..................................................................Rights ........................................ 4-3 4.5. Return of Collateral at End of Warehousing Commitment............................................Commitment .................. 4-4 4.6. Delivery of Collateral Documents ....................................................................................................... 4-4 5. CONDITIONS PRECEDENT........................................................................................PRECEDENT ........................................................ 5-1 5.1. Initial Advance..................................................................................Advance ........................................................ 5-1 5.2. Each Advance.....................................................................................Advance ........................................................... 5-3 2 5.3. Force Majeure....................................................................................Majeure .......................................................... 5-3 2 6. GENERAL REPRESENTATIONS AND WARRANTIES ........................................................................................................... 6-1 6.1. Place of Business................................................................................Business ...................................................... 6-1 6.2. Organization; Good Standing; Subsidiaries ..................................................................................... 6-1 6.3. Authorization and Enforceability.................................................................Enforceability ....................................... 6-1 6.4. Authorization and Enforceability of Guaranty.....................................................Approvals .............................................................. 6-1 6.5. Approvals........................................................................................Financial Condition .................................................... 6-2 6.6. Financial Condition..............................................................................Litigation ............................................................. 6-2 6.7. Litigation.......................................................................................Compliance with Laws ................................................... 6-2 6.8. Compliance with Laws ............................................................................Regulation U ........................................................... 6-2 6.9. Regulation U.....................................................................................Investment Company Act ................................................. 6-2 3 6.10. Investment Company Act..........................................................................Payment of Taxes ...................................................... 6-3 6.11. Payment of Taxes................................................................................Agreements ............................................................ 6-3 6.12. Agreements......................................................................................Title to Properties ................................................... 6-3 6.13. Title to Properties.............................................................................ERISA ................................................................. 6-3 6.14. ERISA...........................................................................................6-3 6.15.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................Advances............................................................................. 2-1 3. INTEREST, PRINCIPAL AND FEES ...............................................................................FEES........................................................................... 3-1 3.1. Interest.........................................................................................Interest ....................................................................................... 3-1 3.2. Interest Limitation............................................................................................................................................................ 3-2 3.3. Principal Payments ..............................................................................Payments............................................................................... 3-2 3.4. Non-Usage Fees ..................................................................................Buydowns......................................................................................... 3-4 3.5. Warehousing Commitment Fees...................................................................... 3-4 3.6. Non-Usage Fees................................................................................... 3-5 3.7. Loan Package Fees, Wire Fees, Warehousing Fees ..................................................Fees................................................... 3-4 3.65 3.8. Miscellaneous Fees and Charges...................................................................................................................................... 3-4 3.75 3.9. Overdraft Advances........................................................................................................................................................... 3-4 3.86 3.10. Method of Making Payments................................................................................................................................................ 3-5 6 4. COLLATERAL............................................................................................................................................................................................... 4-1 4.1. Grant of Security Interest.............................................................................................................................................. 4-1 4.2. Maintenance of Collateral Records................................................................................................................................ 4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ............................Securities............................. 4-2 3 4.4. Collection and Servicing Rights.................................................................................................................................... 4-3 4 4.5. Return of Collateral at End of Warehousing Commitment........................................................................................ 4-4 4.6. Delivery of Collateral Documents ................................................................Documents................................................................. 4-4 5. CONDITIONS PRECEDENT........................................................................................................................................................................... 5-1 5.1. Initial Advance.................................................................................................................................................................... 5-1 5.2. Each Advance.......................................................................................................................................................................... 5-3 5.3. Force Majeure........................................................................................................................................................................ 5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .....................................................................WARRANTIES................................................................. 6-1 6.1. Place of Business................................................................................................................................................................ 6-1 6.2. Organization; Good Standing; Subsidiaries .......................................................Subsidiaries........................................................ 6-1 6.3. Authorization and Enforceability.................................................................................................................................. 6-1 2 6.4. Authorization and Enforceability of Guaranty.....................................................Approvals ....................................................................................... 6-1 2 6.5. Approvals........................................................................................Financial Condition.............................................................................. 6-2 6.6. Financial Condition..............................................................................Litigation....................................................................................... 6-2 3 6.7. Litigation.......................................................................................6-2 6.8. Compliance with Laws ............................................................................Laws............................................................................. 6-2 6.93 6.8. Regulation U.......................................................................................................................................................................... 6-2 6.103 6.9. Investment Company Act..................................................................................................................................................... 6-3 6.10. Payment of Taxes................................................................................. 6-3 6.11. Payment of Taxes................................................................................Agreements....................................................................................... 6-3 4 6.12. Agreements......................................................................................6-3 6.13. Title to Properties........................................................................................................................................................... 6-3 6.144 6.13. ERISA....................................................................................................................................................................................... 6-3 6.154 6.14.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................Advances..........................................2-1 3. INTEREST, PRINCIPAL AND FEES ...............................................................................FEES......................................3-1 3.1. Interest...............................................................................................................................................3-1 3.2. Interest Limitation.........................................................................................................................3-2 3.3. Principal Payments ..............................................................................Payments............................................3-2 3.4. Non-Usage Fees ..................................................................................Buydowns......................................................3-4 3.5. Warehousing Commitment Fees...................................3-5 3.6. Loan Package Fees, Wire Fees, Warehousing Fees ..................................................Fees................3-4 3.65 3.7. Miscellaneous Fees and Charges...................................................................................................3-4 3.75 3.8. Overdraft Advances........................................................................................................................3-4 3.85 3.9. Method of Making Payments.............................................................................................................3-5 4. COLLATERAL..........................................................................................................................................................4-1 4.1. Grant of Security Interest...........................................................................................................4-1 4.2. Maintenance of Collateral Records.............................................................................................4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ............................Securities............................................4-2 4.4. Collection and Servicing Rights.................................................................................................4-3 4.5. Return of Collateral at End of Warehousing Commitment.....................................................4-4 4.6. Delivery of Collateral Documents ................................................................Documents..............................4-4 5. CONDITIONS PRECEDENT......................................................................................................................................5-1 5.1. Initial Advance.................................................................................................................................5-1 5.2. Each Advance.......................................................................................................................................5-3 5.3. Force Majeure.....................................................................................................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .....................................................................WARRANTIES............................6-1 6.1. Place of Business.............................................................................................................................6-1 6.2. Organization; Good Standing; Subsidiaries .......................................................Subsidiaries.....................6-1 6.3. Authorization and Enforceability...............................................................................................6-1 6.4. Authorization and Enforceability of Guaranty.......................................................................6-1 6.5. Approvals.............................................................................................................................................6-2 6.6. Financial Condition.........................................................................................................................6-2 6.7. Litigation...........................................................................................................................................6-2 6.8. Compliance with Laws ............................................................................Laws..........................................6-2 6.9. Regulation U.......................................................................................................................................6-2 6.10. Investment Company Act..................................................................................................................6-3 6.11. Payment of Taxes..............................................................................................................................6-3 6.12. Agreements..........................................................................................................................................6-3 6.13. Title to Properties........................................................................................................................6-3 6.14. ERISA....................................................................................................................................................6-3 4 6.15.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................Advances..................................................2-1 3. INTEREST, PRINCIPAL AND FEES ...............................................................................FEES.................................................3-1 3.1. Interest.......................................................................................................................................................3-1 3.2. Interest Limitation.................................................................................................................................3-2 3.3. Principal Payments ..............................................................................Payments....................................................3-2 3.4. Non-Usage Fees ..................................................................................Buydowns..............................................................3-4 3.5. Non-Usage Fees........................................................3-4 3.6. Loan Package Fees, Wire Fees, Warehousing Fees ..................................................Fees........................3-4 3.65 3.7. Miscellaneous Fees and Charges...........................................................................................................3-4 3.75 3.8. Overdraft Advances................................................................................................................................3-4 3.85 3.9. Method of Making Payments.....................................................................................................................3-5 4. COLLATERAL.....................................................................................................................................................................4-1 4.1. Grant of Security Interest...................................................................................................................4-1 4.2. Maintenance of Collateral Records.....................................................................................................4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ............................Securities.........................................................4-2 4.4. Collection and Servicing Rights.........................................................................................................4-3 4 4.5. Return of Collateral at End of Warehousing Commitment.............................................................4-4 4.6. Delivery of Collateral Documents ................................................................Documents......................................4-4 5. CONDITIONS PRECEDENT.................................................................................................................................................5-1 5.1. Initial Advance.........................................................................................................................................5-1 5.2. Each Advance...............................................................................................................................................5-3 2 5.3. Force Majeure.............................................................................................................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .....................................................................WARRANTIES.......................................6-1 6.1. Place of Business.....................................................................................................................................6-1 6.2. Organization; Good Standing; Subsidiaries .......................................................Subsidiaries.............................6-1 6.3. Authorization and Enforceability.......................................................................................................6-1 6.4. Authorization and Enforceability of Guaranty.....................................................Approvals.............................................................6-1 2 6.5. Approvals........................................................................................Financial Condition...................................................6-2 6.6. Financial Condition..............................................................................Litigation............................................................6-2 6.7. Litigation.......................................................................................Compliance with Laws..................................................6-2 6.8. Compliance with Laws ............................................................................Regulation U..........................................................6-2 3 6.9. Regulation U.....................................................................................6-2 6.10. Investment Company Act..........................................................................................................................6-3 6.10. Payment of Taxes......................................................6-3 6.11. Payment of Taxes................................................................................Agreements............................................................6-3 6.12. Agreements......................................................................................Title to Properties...................................................6-3 6.13. Title to Properties.............................................................................ERISA ................................................................6-3 4 6.14. ERISA...........................................................................................6-3 6.15.

Procedures for Obtaining Advances. 2-1 2.1. Warehousing Advances ............................................................................Advances..................................................2-1 3. INTEREST, PRINCIPAL AND FEES ...............................................................................FEES..........................................3-1 3.1. Interest.......................................................................................................................................................3-1 3.2. Interest Limitation.................................................................................................................................3-2 3.3. Principal Payments ..............................................................................Payments....................................................3-2 3.4. Non-Usage Fees ..................................................................................Buydowns..............................................................3-4 3.5. Warehousing Commitment Fees...........................................3-5 3.6. Loan Package Fees, Wire Fees and Warehousing Fees, Warehousing Fees .......................................................................3-4 3.65 3.7. Miscellaneous Fees and Charges...........................................................................................................3-4 3.75 3.8. Overdraft Advances................................................................................................................................3-4 3.86 3.9. Method of Making Payments.....................................................................................................................3-5 6 4. COLLATERAL..............................................................................................................................................................4-1 4.1. Grant of Security Interest.......................................................................Interest ...........................................4-1 4.2. Maintenance of Collateral Records.....................................................................................................4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities ............................Securities............................................................4-2 4.4. Collection and Servicing Rights.........................................................................................................4-3 4.5. Return of Collateral at End of Warehousing Commitment.............................................................4-4 4.6. Delivery of Collateral Documents ................................................................Documents......................................4-4 5. CONDITIONS PRECEDENT..........................................................................................................................................5-1 5.1. Initial Advance.........................................................................................................................................5-1 5.2. Each Advance...............................................................................................................................................5-3 2 5.3. Force Majeure.............................................................................................................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .....................................................................WARRANTIES................................6-1 6.1. Place of Business.....................................................................................................................................6-1 6.2. Organization; Good Standing; Subsidiaries .......................................................Subsidiaries.............................6-1 6.3. Authorization and Enforceability.......................................................................................................6-1 6.4. Authorization and Enforceability of Guaranty...............................................................................6-1 6.5. Approvals.....................................................................................................................................................6-2 6.6. Financial Condition.................................................................................................................................6-2 6.7. Litigation...................................................................................................................................................6-2 6.8. Compliance with Laws ............................................................................Laws..................................................6-2 6.9. Regulation U...............................................................................................................................................6-2 3 6.10. Investment Company Act..........................................................................................................................6-3 6.11. Payment of Taxes......................................................................................................................................6-3 6.12. Agreements..................................................................................................................................................6-3 6.13. Title to Properties................................................................................................................................6-3 6.14. ERISA............................................................................................................................................................6-3 4 6.15.