Common use of Secured Liquidity Notes Clause in Contracts

Secured Liquidity Notes. The Issuer shall not issue Secured Liquidity Notes bearing interest (or at a discount) in excess of a commercially reasonable rate to the Company or any Affiliate of the Company or any trust or other entity to which the Company or any Affiliate of the Company is a depositor or servicer.

Appears in 2 contracts

Samples: Security Agreement (Accredited Home Lenders Holding Co), Security Agreement (Accredited Home Lenders Holding Co)

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Secured Liquidity Notes. The Issuer shall not issue Secured Liquidity Notes to the Seller, any Affiliate of the Seller or any trust or other entity to which the Seller or any Affiliate of the Seller is a depositor or servicer bearing interest (or at a discount) in excess of a commercially reasonable rate to the Company or any Affiliate of the Company or any trust or other entity to which the Company or any Affiliate of the Company is a depositor or servicerrate.

Appears in 1 contract

Samples: Security Agreement (New Century Financial Corp)

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Secured Liquidity Notes. The Issuer shall not issue Secured Liquidity Notes to the Sellers, any Affiliate of the Sellers or any trust or other entity to which the Sellers or any Affiliate of the Sellers is a depositor or servicer bearing interest (or at a discount) in excess of a commercially reasonable rate to the Company or any Affiliate of the Company or any trust or other entity to which the Company or any Affiliate of the Company is a depositor or servicerrate.

Appears in 1 contract

Samples: Security Agreement (New Century Financial Corp)

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