Common use of Scheduled Indebtedness Clause in Contracts

Scheduled Indebtedness. Without the prior written (i) consent of Buyer, Seller shall not incur any additional material Indebtedness (other than (x) the Scheduled Indebtedness listed under the definition thereof and (y) usual and customary accounts payable for a mortgage company) and (ii) notice to Buyer, Seller shall not incur Indebtedness under a Warehouse Facility.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Point Capital Inc.)

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Scheduled Indebtedness. Without the prior written (i) consent of BuyerBuyer (which shall not be unreasonably withheld), Seller shall not incur any additional material Indebtedness (other than (xi) the Scheduled Indebtedness listed under the definition thereof and (yii) usual and customary accounts payable for a mortgage company) ). Seller shall cause each counterparty under Seller’s Indebtedness to enter into an Interparty Agreement, in form and (ii) notice substance acceptable to Buyer, Seller shall not incur Indebtedness under a Warehouse Facility.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Scheduled Indebtedness. Without the prior written (i) consent of Buyer, which shall not be unreasonably withheld, Seller shall not incur any additional material Indebtedness (other than (xi) the Scheduled Indebtedness listed under the definition thereof and (yii) usual and customary accounts payable for a mortgage company) and (ii) notice to Buyer, Seller shall not incur Indebtedness under a Warehouse Facility).

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

Scheduled Indebtedness. Without the prior written (i) consent of Buyer, which shall not be unreasonably withheld, Seller shall not incur any additional material Indebtedness (other than (x) the Scheduled Indebtedness listed under the definition thereof and (y) usual and customary accounts payable for a mortgage company) and (ii) notice to Buyer, Seller shall not incur Indebtedness under a Warehouse Facility. 4.4 deleting subsection (w) in its entirety and replacing it with the following:

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

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Scheduled Indebtedness. Without the prior written (i) consent of notice to Buyer, Seller shall not incur any additional material Indebtedness (other than (x) the Scheduled Indebtedness Indebtedness√ listed under the definition thereof thereof). Seller shall use commercially reasonable efforts to cause each counterparty under Seller’s Indebtedness to enter into an Interparty Agreement, in form and (y) usual and customary accounts payable for a mortgage company) and (ii) notice substance acceptable to Buyer, Seller shall not incur Indebtedness under a Warehouse Facility.

Appears in 1 contract

Samples: Master Repurchase Agreement (M I Homes Inc)

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