Use of Proceeds of Warehousing Advances. Use the proceeds of each Warehousing Advance solely for the purpose of funding Eligible Loans and against the pledge of those Eligible Loans as Collateral.
Appears in 19 contracts
Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.), Mortgage Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.), Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)
Use of Proceeds of Warehousing Advances. Use the proceeds of each Warehousing Advance solely for the purpose of (a) in the case of Warehousing Advances against Eligible Loans, funding Eligible Loans and against the pledge of those Eligible Loans as Collateral., and (b) in the case of Warehousing Advances against Other Eligible Assets, financing the Other Eligible Assets, subject to the limitations set forth on Exhibit H.
Appears in 2 contracts
Samples: Warehousing Credit, Term Loan and Security Agreement (American Home Mortgage Investment Corp), Warehousing Credit, Term Loan and Security Agreement (American Home Mortgage Investment Corp)
Use of Proceeds of Warehousing Advances. Use the proceeds of each Warehousing Advance solely for the purpose of funding purchasing Eligible Loans and against the pledge of those Eligible Loans as Collateral.. End of Article 7
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Matrix Bancorp Inc)
Use of Proceeds of Warehousing Advances. Use the proceeds of each Warehousing Advance solely for the purpose of funding Eligible Loans included in Collateral and against other general business purposes of the pledge of those Eligible Loans as CollateralBorrower.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Municipal Mortgage & Equity LLC)
Use of Proceeds of Warehousing Advances. Use the proceeds of each Warehousing Advance solely for the purpose of funding or carrying Eligible Loans Investments and against the pledge of those Eligible Loans Investments as Collateral.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Municipal Mortgage & Equity LLC)
