Common use of Syndication of Advances Clause in Contracts

Syndication of Advances. (1) When a Request for Borrowing is received by the Agent, the Agent shall give notice by fax to each Lender of that requested Advance and that Lender’s Funding Share of the requested Advance by 2:00 PM on the Business Day when the requested Advance is to be funded by the Lenders, and each Lender shall cause its Funding Share thereof to be transferred to the Agent by fed funds wire transfer to: JPMorgan Chase Bank, N.A. ABA number 0000-0000-0 Attention: Mortgage Warehousing — Xxxxx Xxxx Phone: (000) 000-0000 For credit to: HomeBanc Corp. and HomeBanc Mortgage Corporation Account No. 00100381681 JPMorgan Chase Real Estate Wire Transfer Clearing Account within two (2) hours after receiving such notice from the Agent or by 4:00 PM, whichever is earlier, so that the Agent receives it in good collected Houston funds on that same Business Day, and the Agent shall deposit such Funding Shares into the relevant Note Payment Account when received. (2) If the Agent has not already funded the requested Advance as a Swing Line Advance, then (provided no Default has occurred that has not been cured by the Companies or waived in writing by the Agent and no Event of Default has occurred that the Agent has not declared in writing to have been either cured or waived) the Agent shall disburse such Advance to the requesting Company or to its designee(s) for its account. (3) If the Agent has funded the requested Advance (or any part of it) as a Swing Line Advance, then the Agent shall repay JPMorgan the related Swing Line Advance (except for JPMorgan’s own Funding Share thereof) from the relevant Note Payment Account; provided that if a Lender other than JPMorgan advises the Agent by telephone and confirms the advice by fax that the Lender has placed all of its Funding Share on the federal funds wire to the Agent, the Agent shall continue to keep the Swing Line Advance outstanding to the extent of that Lender’s Funding Share so wired until the Agent has actually received such share — whereupon the Agent shall deposit such Funding Share when received into the relevant Note Payment Account and repay JPMorgan that still-outstanding portion of the Swing Line Advance from the relevant Note Payment Account — except that the Agent shall have no obligation to continue such portion of any Swing Line Advance outstanding if and to the extent, if any, that doing so would cause the total amount funded by the Agent and outstanding to exceed the Swing Line Limit.

Syndication of Advances. (1) When a Request for Borrowing is received by the Agent, the Agent shall give notice by fax or, at the Agent's discretion, email to each Lender of that requested Advance and that Lender’s 's Funding Share of the requested Advance by 2:00 PM on the Business Day when the requested Advance is to be funded by the Lenders, and each Lender shall cause its Funding Share thereof to be transferred to the Agent by fed funds wire transfer to: JPMorgan Chase Bank, N.A. Bank ABA number 0000-0000-0 Attention: Mortgage Warehousing — -- Xxxxx Xxxx Phone: (000) 000-0000 For credit to: HomeBanc Corp. and HomeBanc Mortgage Corporation Sunset Financial Resources, Inc. Account No. 00100381681 JPMorgan Chase Real Estate Wire Transfer Clearing Account within two (2) hours after receiving such notice from the Agent or by 4:00 PM, whichever is earlier, so that the Agent receives it in good collected Houston funds on that same Business Day, and the Agent shall deposit such Funding Shares into the relevant Note Payment Account when received. (2) If the Agent has not already funded the requested Advance as a Swing Line Advance, then (provided no Default has occurred that has not been cured by the Companies Company or waived in writing by the Agent and no Event of Default has occurred that the Agent has not declared in writing to have been either cured or waived) the Agent shall disburse such Advance to the requesting Company or to its designee(s) for its their account. (3) If the Agent has funded the requested Advance (or any part of it) as a Swing Line Advance, then the Agent shall repay JPMorgan the related Swing Line Advance (except for JPMorgan’s 's own Funding Share thereof) from the relevant Note Payment Account; provided that if a Lender other than JPMorgan advises the Agent by telephone and confirms the advice by fax that the Lender has placed all of its Funding Share on the federal funds wire to the Agent, the Agent shall continue to keep the Swing Line Advance outstanding to the extent of that Lender’s 's Funding Share so wired until the Agent has actually received such share — -- whereupon the Agent shall deposit such Funding Share when received into the relevant Note Payment Account and repay JPMorgan that still-outstanding portion of the Swing Line Advance from the relevant Note Payment Account — -- except that the Agent shall have no obligation to continue such portion of any Swing Line Advance outstanding if and to the extent, if any, that doing so would cause the total amount funded by the Agent and outstanding to exceed the Swing Line Limit.

Syndication of Advances. (1a) When a Request for Borrowing is received by the Agent, the Agent shall give notice by fax or, at the Agent's discretion, email to each Lender of that requested Advance and that Lender’s 's Funding Share of the requested Advance by 2:00 PM on the Business Day when the requested Advance is to be funded by the Lenders, and each Lender shall cause its Funding Share thereof to be transferred to the Agent by fed funds wire transfer to: JPMorgan Chase Bank, N.A. Bank ABA number 0000-0000-0 Attention: Mortgage Warehousing — -- Xxxxx Xxxx Phone: (000) 000-0000 For credit to: HomeBanc Corp. and HomeBanc Mortgage Corporation Sunset Financial Resources, Inc. Account No. 00100381681 JPMorgan Chase Real Estate Wire Transfer Clearing Account within two (2) hours after receiving such notice from the Agent or by 4:00 PM, whichever is earlier, so that the Agent receives it in good collected Houston funds on that same Business Day, and the Agent shall deposit such Funding Shares into the relevant Note Payment Account when received. (2b) If the Agent has not already funded the requested Advance as a Swing Line AdvanceAdvance (Swing Line funding is available only for Single-family Advances), then (provided no Default has occurred that has not been cured by the Companies Company or waived in writing by the Agent and no Event of Default has occurred that the Agent has not declared in writing to have been either cured or waived) the Agent shall disburse such Advance to the requesting Company or to its designee(s) for its their account. (3c) If the Agent has funded the requested Advance (or any part of it) as a Swing Line Advance, then the Agent shall repay JPMorgan the related Swing Line Advance (except for JPMorgan’s 's own Funding Share thereof) from the relevant Note Payment Account; provided that if a Lender other than JPMorgan advises the Agent by telephone and confirms the advice by fax that the Lender has placed all of its Funding Share on the federal funds wire to the Agent, the Agent shall continue to keep the Swing Line Advance outstanding to the extent of that Lender’s 's Funding Share so wired until the Agent has actually received such share — share-- whereupon the Agent shall deposit such Funding Share when received into the relevant Note Payment Account and repay JPMorgan that still-outstanding portion of the Swing Line Advance from the relevant Note Payment Account — Account-- except that the Agent shall have no obligation to continue such portion of any Swing Line Advance outstanding if and to the extent, if any, that doing so would cause the total amount funded by the Agent and outstanding to exceed the Swing Line Limit.

Syndication of Advances. (1) When a Request for Borrowing is received by the Agent, the Agent shall give notice by fax to each Lender of that requested Advance and that Lender’s Funding Share of the requested Advance by 2:00 PM on the Business Day when the requested Advance is to be funded by the Lenders, and each Lender shall cause its Funding Share thereof to be transferred to the Agent by fed funds wire transfer to: JPMorgan Chase Bank, N.A. Bank ABA number 0000-0000-0 Attention: Mortgage Warehousing — Xxxxx Xxxx Phone: (000) 000-0000 For credit to: HomeBanc Corp. and HomeBanc Mortgage Corporation Account No. 00100381681 JPMorgan Chase Real Estate Wire Transfer Clearing Account within two (2) hours after receiving such notice from the Agent or by 4:00 PM, whichever is earlier, so that the Agent receives it in good collected Houston funds on that same Business Day, and the Agent shall deposit such Funding Shares into the relevant Note Payment Account when received. (2) If the Agent has not already funded the requested Advance as a Swing Line Advance, then (provided no Default has occurred that has not been cured by the Companies or waived in writing by the Agent and no Event of Default has occurred that the Agent has not declared in writing to have been either cured or waived) the Agent shall disburse such Advance to the requesting Company or to its designee(s) for its account. (3) If the Agent has funded the requested Advance (or any part of it) as a Swing Line Advance, then the Agent shall repay JPMorgan the related Swing Line Advance (except for JPMorgan’s own Funding Share thereof) from the relevant Note Payment Account; provided that if a Lender other than JPMorgan advises the Agent by telephone and confirms the advice by fax that the Lender has placed all of its Funding Share on the federal funds wire to the Agent, the Agent shall continue to keep the Swing Line Advance outstanding to the extent of that Lender’s Funding Share so wired until the Agent has actually received such share — whereupon the Agent shall deposit such Funding Share when received into the relevant Note Payment Account and repay JPMorgan that still-outstanding portion of the Swing Line Advance from the relevant Note Payment Account — except that the Agent shall have no obligation to continue such portion of any Swing Line Advance outstanding if and to the extent, if any, that doing so would cause the total amount funded by the Agent and outstanding to exceed the Swing Line Limit.

Syndication of Advances. (1) When a Request for Borrowing is received by the Agent, the Agent shall give notice by fax to each Lender of that requested Advance and that Lender’s Funding Share of the requested Advance by 2:00 PM on the Business Day when the requested Advance is to be funded by the Lenders, and each Lender shall cause its Funding Share thereof to be transferred to the Agent by fed funds wire transfer to: JPMorgan Chase Bank, N.A. Bank ABA number 0000-0000-0 Attention: Mortgage Warehousing — – Xxxxx Xxxx Phone: (000) 000-0000 For credit to: HomeBanc Corp. and HomeBanc Mortgage Corporation Account No. 00100381681 JPMorgan Chase Real Estate Wire Transfer Clearing Account within two (2) hours after receiving such notice from the Agent or by 4:00 PM, whichever is earlier, so that the Agent receives it in good collected Houston funds on that same Business Day, and the Agent shall deposit such Funding Shares into the relevant Note Payment Account when received. (2) If the Agent has not already funded the requested Advance as a Swing Line Advance, then (provided no Default has occurred that has not been cured by the Companies Company or waived in writing by the Agent and no Event of Default has occurred that the Agent has not declared in writing to have been either cured or waived) the Agent shall disburse such Advance to the requesting Company or to its designee(s) for its their account. (3) If the Agent has funded the requested Advance (or any part of it) as a Swing Line Advance, then the Agent shall repay JPMorgan the related Swing Line Advance (except for JPMorgan’s own Funding Share thereof) from the relevant Note Payment Account; provided that if a Lender other than JPMorgan advises the Agent by telephone and confirms the advice by fax that the Lender has placed all of its Funding Share on the federal funds wire to the Agent, the Agent shall continue to keep the Swing Line Advance outstanding to the extent of that Lender’s Funding Share so wired until the Agent has actually received such share — – whereupon the Agent shall deposit such Funding Share when received into the relevant Note Payment Account and repay JPMorgan that still-outstanding portion of the Swing Line Advance from the relevant Note Payment Account — – except that the Agent shall have no obligation to continue such portion of any Swing Line Advance outstanding if and to the extent, if any, that doing so would cause the total amount funded by the Agent and outstanding to exceed the Swing Line Limit.