Special Negative Covenants Concerning Collateral. (a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Appears in 3 contracts
Samples: Warehousing Credit and Security Agreement (BNC Mortgage Inc), Warehousing Credit and Security Agreement (E Loan Inc), Warehousing Credit and Security Agreement (U S Home Corp /De/)
Special Negative Covenants Concerning Collateral. (a7.13(a) The Except in the case of a Mortgage Loan against which a Nonperforming Advance is outstanding, the Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Term Loan and Security Agreement (Accredited Home Lenders Holding Co)
Special Negative Covenants Concerning Collateral. (a) The Except to correct errors or omissions in Loan Papers, without the written consent of the Agent given on a case-by-case basis, the Company shall not amend or modify, or waive any of the terms and conditions ofof any Pledged Loans, or settle or compromise any claim in respect ofof them, or accept other than cash or the exchange of comparable Collateral (which is concurrently Pledged to the Agent by the Company) in liquidation of any Pledged Mortgages or Pledged Securities.Loans; and
Appears in 2 contracts
Samples: Credit Agreement (E Loan Inc), Credit Agreement (Sunset Financial Resources Inc)
Special Negative Covenants Concerning Collateral. (a7.13(a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (Mortgage Com Inc)
Special Negative Covenants Concerning Collateral. (a7.10(a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged SecuritiesSecurities except in a non-material manner in the ordinary course of business.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (National Mortgage Corp)
Special Negative Covenants Concerning Collateral. (a7.12(a) The Except for Foreclosure Loans, the Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged SecuritiesMortgage Loan pledged hereunder.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (PMCC Financial Corp)
Special Negative Covenants Concerning Collateral. (a7.9(a) The Except as permitted by this Agreement, the Company shall not amend sell, assign, transfer or modifyotherwise dispose of, or waive grant any option with respect to, or pledge or otherwise encumber any of the terms and conditions of, Collateral or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securitiesinterest therein.
Appears in 1 contract
Special Negative Covenants Concerning Collateral. (a7.8(a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Amresco Inc)
Special Negative Covenants Concerning Collateral. (a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged SecuritiesMortgages.
Appears in 1 contract
Samples: Warehouse Credit and Security Agreement (Community Bankshares Inc /Sc/)
Special Negative Covenants Concerning Collateral. (a7.2(a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Appears in 1 contract
Samples: Credit and Security Agreement (Finet Holdings Corp)
Special Negative Covenants Concerning Collateral. (a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages in any material respect unless such amendment or Pledged Securitiesmodification is in accordance with the Construction Policy and Procedures Manual.
Appears in 1 contract
Special Negative Covenants Concerning Collateral. (a7.9(a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged SecuritiesMortgage Loan pledged hereunder.
Appears in 1 contract
Samples: Credit and Security Agreement (Preferred Credit Corp)
Special Negative Covenants Concerning Collateral. (a7.10(a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Appears in 1 contract
Special Negative Covenants Concerning Collateral. (a7.14(a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Finet Holdings Corp)
Special Negative Covenants Concerning Collateral. (a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged SecuritiesMortgage Loan pledged hereunder.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Preferred Credit Corp)
