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. Buydowns ................................................................................ 3-4 3.5. Warehousing Commitment Fees ............................................................. 3-5 3.6. Loan Package Fees, Wire Fees and Warehousing Fees ....................................... 3-5 3.7. Miscellaneous Fees and Charges .......................................................... 3-5 3.8. Overdraft Advances ...................................................................... 3-5 3.9. Method of Making Payments ............................................................... 3-6 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 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 ............................................................................ 5-2 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 ............................................................................ 6-3 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 .................................................................................. 6-4 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 ................................................................................ Interest..............................................................3-1 3.2. Interest Limitation ..................................................................... Limitation...................................................3-2 3.3. Principal Payments ...................................................................... Payments....................................................3-2 3.4. Buydowns ................................................................................ Buydowns..............................................................3-4 3.5. Warehousing Commitment Fees ............................................................. Fees...........................................3-5 3.6. Loan Package Fees, Wire Fees and Warehousing Fees ....................................... Fees.....................3-5 3.7. Miscellaneous Fees and Charges .......................................................... Charges........................................3-5 3.8. Overdraft Advances ...................................................................... Advances....................................................3-5 6 3.9. Method of Making Payments ............................................................... Payments.............................................3-6 4. COLLATERAL ................................................................................ COLLATERAL............................................................4-1 4.1. Grant of Security Interest .............................................................. ...........................................4-1 4.2. Maintenance of Collateral Records ....................................................... Records.....................................4-2 4.3. Release of Security Interest in Pledged Loans and Pledged Securities .................... 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 ........................................................ Documents......................................4-4 5. CONDITIONS PRECEDENT ...................................................................... PRECEDENT..................................................5-1 5.1. Initial Advance ......................................................................... Advance.......................................................5-1 5.2. Each Advance ............................................................................ Advance..........................................................5-2 5.3. Force Majeure ........................................................................... Majeure.........................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .................................................... WARRANTIES................................6-1 6.1. Place of Business ....................................................................... Business.....................................................6-1 6.2. Organization; Good Standing; Subsidiaries ............................................... 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 .................................................................... Laws..................................................6-2 6.9. Regulation U ............................................................................ U..........................................................6-3 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.................................................................6-4 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 ................................................................................ Interest..............................................................3-1 3.2. Interest Limitation ..................................................................... Limitation...................................................3-2 3.3. Principal Payments ...................................................................... Payments....................................................3-2 3.4. Buydowns ................................................................................ Buydowns..............................................................3-4 3.5. Warehousing Commitment Fees ............................................................. Non-Usage Fees........................................................3-5 4 3.6. Loan Package Fees, Wire Fees and Fees, Warehousing Fees ....................................... Fees........................3-5 3.7. Miscellaneous Fees and Charges .......................................................... Charges........................................3-5 3.8. Overdraft Advances ...................................................................... Advances....................................................3-5 3.9. Method of Making Payments ............................................................... Payments.............................................3-6 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 .................... Securities.........................................................4-2 4.4. Collection and Servicing Rights ......................................................... Rights.......................................4-3 4 4.5. Return of Collateral at End of Warehousing Commitment ................................... Commitment.................4-4 4.6. Delivery of Collateral Documents ........................................................ Documents......................................4-4 5. CONDITIONS PRECEDENT ...................................................................... PRECEDENT.........................................................5-1 5.1. Initial Advance ......................................................................... Advance.......................................................5-1 5.2. Each Advance ............................................................................ Advance..........................................................5-2 5.3. Force Majeure ........................................................................... Majeure.........................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .................................................... WARRANTIES.......................................6-1 6.1. Place of Business ....................................................................... Business.....................................................6-1 6.2. Organization; Good Standing; Subsidiaries ............................................... Subsidiaries.............................6-1 6.3. Authorization and Enforceability ........................................................ 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 ............................................................................ Investment Company Act................................................6-3 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 .................................................................... 6-3 6.14. ERISA .................................................................................. ................................................................6-4 6.156.14.

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 ..................................................................... Limitation...........................................3-2 3.3. Principal Payments ...................................................................... Payments............................................3-2 3.4. Buydowns ................................................................................ Buydowns......................................................3-4 3.5. Warehousing Commitment Fees ............................................................. Fees...................................3-5 3.6. Loan Package Fees, Wire Fees and Fees, Warehousing Fees ....................................... Fees................3-5 3.7. Miscellaneous Fees and Charges .......................................................... Charges................................3-5 3.8. Overdraft Advances ...................................................................... Advances............................................3-5 3.9. Method of Making Payments ............................................................... Payments.....................................3-6 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 .................... 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 ........................................................ Documents..............................4-4 5. CONDITIONS PRECEDENT ...................................................................... PRECEDENT..............................................5-1 5.1. Initial Advance ......................................................................... Advance...............................................5-1 5.2. Each Advance ............................................................................ Advance..................................................5-2 3 5.3. Force Majeure ........................................................................... Majeure.................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .................................................... WARRANTIES............................6-1 6.1. Place of Business ....................................................................... Business.............................................6-1 6.2. Organization; Good Standing; Subsidiaries ............................................... 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 .................................................................... Laws..........................................6-2 6.9. Regulation U ............................................................................ U..................................................6-3 2 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.........................................................6-4 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 ................................................................................ Interest.....................................................................3-1 3.2. Interest Limitation ..................................................................... Limitation..........................................................3-2 3.3. Principal Payments ...................................................................... Payments...........................................................3-2 3.4. Buydowns ................................................................................ Buydowns.....................................................................3-4 3.5. Warehousing Commitment Fees ............................................................. Fees..................................................3-5 3.6. Loan Package Fees, Wire Fees and Fees, Warehousing Fees ....................................... Fees...............................3-5 3.7. Miscellaneous Fees and Charges .......................................................... Charges...............................................3-5 3.8. Overdraft Advances ...................................................................... Advances...........................................................3-5 3.9. Method of Making Payments ............................................................... Payments....................................................3-6 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 .................... 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 ........................................................ Documents.............................................4-4 5. CONDITIONS PRECEDENT ...................................................................... PRECEDENT..................................................................5-1 5.1. Initial Advance ......................................................................... Advance..............................................................5-1 5.2. Each Advance ............................................................................ Advance.................................................................5-2 5.3. Force Majeure ........................................................................... Majeure................................................................5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .................................................... WARRANTIES................................................6-1 6.1. Place of Business ....................................................................... Business............................................................6-1 6.2. Organization; Good Standing; Subsidiaries ............................................... 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.......................................................6-3 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 .................................................................................. 6-4 6.15.

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 ................................................................................ ............................................................... 3-1 3.2. Interest Limitation ..................................................................... .................................................... 3-2 3.3. Principal Payments ...................................................................... ..................................................... 3-2 3.4. Buydowns ................................................................................ Non-Usage Fees ......................................................... 3-4 3.5. Warehousing Commitment Loan Package Fees ............................................................. ...................................................... 3-5 4 3.6. Loan Package Fees, Wire Facility Fees and Warehousing Fees ....................................... .......................................................... 3-5 3.7. Miscellaneous Fees and Charges .......................................................... ......................................... 3-5 3.8. Overdraft Advances ...................................................................... ..................................................... 3-5 3.9. Method of Making Payments ............................................................... .............................................. 3-6 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 ............................................................................ ........................................................... 5-2 5.3. Force Majeure ........................................................................... .......................................................... 5-3 2 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 ............................................ 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 ................................................. 6-3 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 .................................................................................. 6-4 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 ..................................................................... Limitation............................................................................ 3-2 3.3. Principal Payments ...................................................................... Payments............................................................................. 3-2 3.4. Buydowns ................................................................................ ..................................................................................... 3-4 3.5. Warehousing Commitment Fees ............................................................. Fees.................................................................... 3-4 3.6. Non-Usage Fees................................................................................. 3-5 3.63.7. Loan Package Fees, Wire Fees and Fees, Warehousing Fees ....................................... 3-5 3.7. Miscellaneous Fees and Charges .......................................................... Fees................................................. 3-5 3.8. Overdraft Advances ...................................................................... Miscellaneous Fees and Charges................................................................. 3-5 3.9. Overdraft Advances............................................................................. 3-6 3.10. Method of Making Payments ............................................................... Payments...................................................................... 3-6 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 .................... Securities........................... 4-2 3 4.4. Collection and Servicing Rights ......................................................... Rights................................................................ 4-3 4 4.5. Return of Collateral at End of Warehousing Commitment ................................... Commitment.......................................... 4-4 4.6. Delivery of Collateral Documents ........................................................ Documents............................................................... 4-4 5. CONDITIONS PRECEDENT ...................................................................... PRECEDENT........................................................................... 5-1 5.1. Initial Advance ......................................................................... Advance................................................................................ 5-1 5.2. Each Advance ............................................................................ Advance................................................................................... 5-2 3 5.3. Force Majeure ........................................................................... Majeure.................................................................................. 5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .................................................... WARRANTIES......................................................... 6-1 6.1. Place of Business ....................................................................... Business.............................................................................. 6-1 6.2. Organization; Good Standing; Subsidiaries ............................................... Subsidiaries...................................................... 6-1 6.3. Authorization and Enforceability ........................................................ 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 3 6.8. Regulation U................................................................................... 6-3 6.9. Regulation U ............................................................................ Investment Company Act......................................................................... 6-3 6.10. Investment Company Act ................................................................. 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 6.14. ERISA .................................................................................. Properties............................................................................ 6-4 6.156.13. ERISA.......................................................................................... 6-4 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 ..................................................................... Limitation...................................... 3-2 3.3. Principal Payments ...................................................................... Payments....................................... 3-2 3.4. Buydowns ................................................................................ Buydowns................................................. 3-4 3.5. Warehousing Commitment Fees ............................................................. Fees.............................. 3-4 3.6. Non-Usage Fees........................................... 3-5 3.63.7. Loan Package Fees, Wire Fees and Fees, Warehousing Fees ....................................... 3-5 3.7. Miscellaneous Fees and Charges .......................................................... Fees........... 3-5 3.8. Overdraft Advances ...................................................................... Miscellaneous Fees and Charges........................... 3-5 3.9. Overdraft Advances....................................... 3-6 3.10. Method of Making Payments ............................................................... Payments................................ 3-6 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 3 4.4. Collection and Servicing Rights ......................................................... Rights.......................... 4-3 4 4.5. Return of Collateral at End of Warehousing Commitment ................................... Commitment.... 4-4 4.6. Delivery of Collateral Documents ........................................................ Documents......................... 4-4 5. CONDITIONS PRECEDENT ...................................................................... PRECEDENT..................................... 5-1 5.1. Initial Advance ......................................................................... Advance.......................................... 5-1 5.2. Each Advance ............................................................................ Advance............................................. 5-2 3 5.3. Force Majeure ........................................................................... Majeure............................................ 5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .................................................... WARRANTIES................... 6-1 6.1. Place of Business ....................................................................... Business........................................ 6-1 6.2. Organization; Good Standing; Subsidiaries ............................................... Subsidiaries................ 6-1 6.3. Authorization and Enforceability ........................................................ 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 3 6.8. Regulation U............................................. 6-3 6.9. Regulation U ............................................................................ Investment Company Act................................... 6-3 6.10. Investment Company Act ................................................................. 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 6.14. ERISA .................................................................................. Properties...................................... 6-4 6.156.13. ERISA.................................................... 6-4 6.14.

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. Buydowns ................................................................................ Non-Usage Fees ..................................................................................3-4 3.5. Warehousing Commitment Fees ............................................................. 3-5 3.6. Loan Package Fees, Wire Fees and Fees, Warehousing Fees ....................................... ..................................................3-5 3.74 3.6. Miscellaneous Fees and Charges .......................................................... Charges...................................................................3-5 3.84 3.7. Overdraft Advances ...................................................................... Advances............................................................................3-5 3.94 3.8. Method of Making Payments ............................................................... Payments........................................................................3-6 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.....................................................................................5-2 3 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.....................................................................................6-3 2 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...........................................................................................6-4 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 ..................................................................... Limitation.............................................................................. 3-2 3.3. Principal Payments ...................................................................... Payments............................................................................... 3-2 3.4. Buydowns ................................................................................ Buydowns......................................................................................... 3-4 3.5. Warehousing Commitment Fees ............................................................. Fees...................................................................... 3-4 3.6. Non-Usage Fees................................................................................... 3-5 3.63.7. Loan Package Fees, Wire Fees and Fees, Warehousing Fees ....................................... 3-5 3.7. Miscellaneous Fees and Charges .......................................................... Fees................................................... 3-5 3.8. Overdraft Advances ...................................................................... Miscellaneous Fees and Charges................................................................... 3-5 3.9. Overdraft Advances............................................................................... 3-6 3.10. Method of Making Payments ............................................................... Payments........................................................................ 3-6 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 .................... Securities............................. 4-2 3 4.4. Collection and Servicing Rights ......................................................... Rights.................................................................. 4-3 4 4.5. Return of Collateral at End of Warehousing Commitment ................................... Commitment............................................ 4-4 4.6. Delivery of Collateral Documents ........................................................ Documents................................................................. 4-4 5. CONDITIONS PRECEDENT ...................................................................... PRECEDENT................................................................................... 5-1 5.1. Initial Advance ......................................................................... Advance.................................................................................. 5-1 5.2. Each Advance ............................................................................ Advance..................................................................................... 5-2 3 5.3. Force Majeure ........................................................................... Majeure.................................................................................... 5-3 6. GENERAL REPRESENTATIONS AND WARRANTIES .................................................... WARRANTIES................................................................. 6-1 6.1. Place of Business ....................................................................... Business................................................................................ 6-1 6.2. Organization; Good Standing; Subsidiaries ............................................... Subsidiaries........................................................ 6-1 6.3. Authorization and Enforceability ........................................................ 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 3 6.8. Regulation U..................................................................................... 6-3 6.9. Regulation U ............................................................................ Investment Company Act........................................................................... 6-3 6.10. Investment Company Act ................................................................. 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 6.14. ERISA .................................................................................. Properties.............................................................................. 6-4 6.156.13. ERISA............................................................................................ 6-4 6.14.