Common use of Special Negative Covenants Concerning Collateral Clause in Contracts

Special Negative Covenants Concerning Collateral. 7.12(a) The Borrowers 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 (American Business Financial Services Inc /De/), Warehousing Credit and Security Agreement (BNC Mortgage Inc)

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Special Negative Covenants Concerning Collateral. 7.12(a7.11(a) The Borrowers Borrower 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 (Bingham Financial Services Corp)

Special Negative Covenants Concerning Collateral. 7.12(a7.19(a) The Borrowers 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 (WMF Group LTD)

Special Negative Covenants Concerning Collateral. 7.12(a7.20(a) The Borrowers Except as otherwise provided in the Servicing Agreement in connection with the performance of the Borrower's servicing obligations thereunder, the Borrower 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 SecuritiesCollateral pledged hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Homecapital Investment Corp)

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Special Negative Covenants Concerning Collateral. 7.12(a7.14(a) The Borrowers 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 (WMF Group LTD)

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