Use of Proceeds of Warehousing Advances. Use the proceeds of each Warehousing Advance solely for the purpose of funding Eligible Loans or REO Properties and against the pledge of those Eligible Loans and REO Properties as Collateral. END OF ARTICLE 7
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (Oak Street Financial Services Inc), Warehousing Credit and Security Agreement (Oak Street Financial Services Inc)
Use of Proceeds of Warehousing Advances. Use the proceeds of each Warehousing Advance solely for the purpose of funding Eligible Loans or REO Properties and against the pledge of those Eligible Loans and REO Properties as Collateral. END OF ARTICLE 7.
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (WMC Finance Co), Warehousing Credit and Security Agreement (Oak Street Financial Services Inc)
