Separate Request for Each Borrowing Sample Clauses
The 'Separate Request for Each Borrowing' clause requires that each time a borrower wishes to draw funds under a loan agreement, they must submit a distinct and individual request for that specific borrowing. In practice, this means that if a borrower wants to access funds on multiple occasions, they cannot combine these requests into a single application but must instead make separate submissions for each drawdown. This clause ensures administrative clarity and allows the lender to process, track, and approve each borrowing independently, thereby reducing confusion and minimizing the risk of errors or miscommunication regarding the amounts and timing of disbursements.
Separate Request for Each Borrowing. A separate Request for Borrowing shall be made for each Borrowing, which, when appropriately completed and with (i) a current Total Pledged Servicing List (provided that no Total Pledged Servicing List shall be required until the Companies shall first pledge Servicing Rights to the Agent) and (ii) if new Single-family Collateral is being pledged, a Submission List attached, may include requests for Borrowings to finance any type or types of Eligible Collateral.
Separate Request for Each Borrowing. A separate Request for Borrowing shall be made for each Borrowing, which, when appropriately completed and, if new Collateral is being pledged, with a Submission List attached, may include requests for Borrowings to finance either of the two types of Eligible Collateral ((i) Wet or Dry Prime Loans or Alt-A Loans or (ii) Dry Commercial Mortgage Loans).