Special Negative Covenants Concerning Collateral. Except in the ordinary course of business of servicing the Pledged Mortgage Loans in accordance with reasonable and customary servicing practices in the industry for the same type of mortgage loans as the Pledged Mortgage Loans, Company shall not do or permit any of the following:
Appears in 3 contracts
Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/), Flow Warehousing Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/)
Special Negative Covenants Concerning Collateral. Except for actions taken in the ordinary course of business of servicing the Pledged Mortgage Loans in accordance with reasonable and customary servicing practices in the industry for the same type of mortgage loans as the Pledged Mortgage Loans, the Company shall not do do, and shall not cause or permit any Company Subsidiary to grant any option with respect to, or pledge or otherwise encumber (except pursuant to this Agreement or sales to Investors for fair value) any of the following:Collateral or any interest therein.
Appears in 2 contracts
Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/)
Special Negative Covenants Concerning Collateral. Except for actions taken in the ordinary course of business of servicing the Pledged Mortgage Loans in accordance with reasonable and customary servicing practices in the industry for the same type of mortgage loans as the Pledged Mortgage Loans, the Company shall not do or permit any of the following:
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Franklin Credit Management Corp/De/)
Special Negative Covenants Concerning Collateral. Except in the ordinary course of business of servicing the Pledged Mortgage Loans in accordance with reasonable and customary servicing practices in the industry for the same type of mortgage loans as the Pledged Mortgage Loans, Company Subsidiary shall not do or permit any of the following:
Appears in 1 contract
Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)
Special Negative Covenants Concerning Collateral. Except in the ordinary course of business of servicing the Pledged Mortgage Loans in accordance with reasonable and customary servicing practices in the industry for the same type of mortgage loans as the Pledged Mortgage Loans, no Company Subsidiary shall not do or permit any of the following:
Appears in 1 contract
Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)
