Common use of Warehousing Advances Clause in Contracts

Warehousing Advances. 2.1(a) To obtain a Warehousing Advance under this Agreement, Borrowers must deliver to Credit Agent either a completed and signed request for a Warehousing Advance on the then current form approved by Credit Agent or an Electronic Advance Request, ("Warehousing Advance Request"), not later than (i) in the case of Electronic Advance Requests, 2:30 p.m. on the Business Day, and (ii) in all other cases, 1 Business Day before the Business Day, on which Borrowers desire the Warehousing Advance. Subject to the delivery of a Warehousing Advance Request, Borrowers may obtain a Warehousing Advance under this Agreement upon compliance with the procedures set forth in this Section and in the applicable Exhibit B, including delivery to Credit Agent of all required Collateral Documents. Credit Agent's current form of Warehousing Advance Request is set forth in the applicable Exhibit A. Upon not less than 3 Business Days' prior Notice to Borrowers, Credit Agent may modify its form of Warehousing Advance Request, and any other Exhibit or document referred to in this Section to conform to either current legal requirements or Credit Agent practices and, as so modified, those Exhibits and documents will become part of this Agreement. Credit Agent will promptly notify Lenders of any changes made to any document under the preceding sentence.

Warehousing Advances. 2.1(a) To Borrower may obtain a Warehousing Advance under this Agreement, Borrowers must deliver by delivering to Credit Agent either a completed and signed request for a Warehousing Advance on the Credit Agent’s then current form approved by Credit Agent or an Electronic Advance Request, ("“Warehousing Advance Request"”), not later than (i) in the case of Electronic Advance Requests, 2:30 3:00 p.m. on the Business Day, and (ii) in all other cases, 1 Business Day before the Business Day, Day on which Borrowers desire Borrower desires the Warehousing Advance. Warehousing Advance Requests received by Credit Agent after 3:00 p.m. on a Business Day will be deemed received on the following Business Day, provided, however, on a case-by-case basis at the request of Borrower, the Credit Agent may, in its sole discretion (and without thereby establishing any course of dealing), extend such 3:00 p.m. cut-off time to a later time on the subject Business Day. Subject to the delivery of a Warehousing Advance RequestRequest and the satisfaction of the conditions set forth in Sections 5.1 and 5.2, Borrowers Borrower may obtain a Warehousing Advance under this Agreement upon compliance with the procedures set forth in this Section and in the applicable Exhibit B, including delivery to Credit Agent of all Collateral Documents required Collateral Documentsto be delivered on the applicable dates specified in this Agreement for such delivery. Credit Agent's ’s current form of Warehousing Advance Request is set forth in the applicable Exhibit A. Upon not less than 3 five (5) Business Days' ’ prior Notice to BorrowersBorrower, Credit Agent may modify its form of Warehousing Advance Request, Request and any other Exhibit or document referred to in this Section to conform to either current legal requirements or Credit Agent Lender practices and, as so modified, those Exhibits and documents will become part of this Agreement. Credit Agent will promptly notify Lenders of any changes made to any document under the preceding sentence.

Warehousing Advances. 2.1(a) To Either Borrower may obtain a Warehousing Advance under this Agreement, Borrowers must deliver by delivering to Credit Agent either a completed and signed request for a Warehousing Advance on the Credit Agent’s then current form approved by Credit Agent or an Electronic Advance Request, ("“Warehousing Advance Request"”), not later than (i) in the case of Electronic Advance Requests, 2:30 3:00 p.m. on the Business Day, and (ii) in all other cases, 1 Business Day before the Business Day, Day on which Borrowers desire such Borrower desires the Warehousing Advance. Warehousing Advance Requests received by Credit Agent after 3:00 p.m. on a Business Day will be deemed received on the following Business Day, provided, however, on a case-by-case basis at the request of a Borrower, the Credit Agent may, in its sole discretion (and without thereby establishing any course of dealing), extend such 3:00 p.m. cut-off time to a later time on the subject Business Day. Subject to the delivery of a Warehousing Advance RequestRequest and the satisfaction of the conditions set forth in Sections 5.1 and 5.2, Borrowers may obtain a Warehousing Advance under this Agreement upon compliance with the procedures set forth in this Section and in the applicable Exhibit B, including delivery to Credit Agent of all Collateral Documents required Collateral Documentsto be delivered on the applicable dates specified in this Agreement for such delivery. Credit Agent's ’s current form of Warehousing Advance Request is set forth in the applicable Exhibit A. Upon not less than 3 five (5) Business Days' ’ prior Notice to Borrowers, Credit Agent may modify its form of Warehousing Advance Request, Request and any other Exhibit or document referred to in this Section to conform to either current legal requirements or Credit Agent Lender practices and, as so modified, those Exhibits and documents will become part of this Agreement. Credit Agent will promptly notify Lenders of any changes made to any document under the preceding sentence.

Warehousing Advances. 2.1(a) To obtain a Warehousing Advance under this Agreement, Borrowers Borrower must deliver to Credit Agent Lender either a completed and signed request for a Warehousing Advance on the then current form approved by Credit Agent Lender, or an Electronic Advance Request, together with a list of the Mortgage Loans for which the request is being made and a signed RFConnects Pledge Agreement sent by facsimile ("Warehousing Advance Request"), not later than (i) in the case of Electronic Advance Requests, 2:30 p.m. on the Business Day, and (ii) in all other cases, 1 Business Day before the Business Day, Day on which Borrowers desire Borrower desires the Warehousing Advance. Subject to the delivery of a Warehousing Advance RequestRequest and the satisfaction of the conditions set forth in Sections 5.1 and 5.2, Borrowers Borrower may obtain a Warehousing Advance under this Agreement upon compliance with the procedures set forth in this Section and in the applicable Exhibit B, including delivery to Credit Agent Lender of all required Collateral Documents. Credit AgentLender's current form of Warehousing Advance Request is set forth in the applicable Exhibit A. Upon not less than 3 Business Days' prior Notice to BorrowersBorrower, Credit Agent Lender may modify its form of Warehousing Advance Request, RFConnects Pledge Agreement and any other Exhibit or document referred to in this Section to conform to either current legal requirements or Credit Agent Lender practices and, as so modified, those Exhibits and documents will become part of this Agreement. Credit Agent will promptly notify Lenders End of any changes made to any document under the preceding sentence.Article 2

Warehousing Advances. 2.1(a) To The Borrower may obtain a Warehousing Advance under this Agreement, Borrowers must deliver Agreement by delivering to Credit Agent either the Lender a completed and signed request for a Warehousing Advance on the Lender’s then current form approved by Credit Agent or an Electronic Advance Request, ("“Warehousing Advance Request"”), not later than (i) in the case of Electronic Advance Requests, 2:30 3:00 p.m. on the Business Day, and Day that is one (ii1) in all other cases, 1 Business Day before the Business Day, Day on which Borrowers desire Borrower desires the Warehousing Advance. Warehousing Advance Requests received by the Lender after 3:00 p.m. on a Business Day will be deemed received on the following Business Day, provided, however, on a case-by-case basis at the request of the Borrower, the Lender may, in its sole discretion (and without thereby establishing any course of dealing), extend such 3:00 p.m. cut-off time to a later time on the subject Business Day. Subject to the delivery of a Warehousing Advance RequestRequest and the satisfaction of the conditions set forth in Sections 5.1 and 5.2, Borrowers the Borrower may obtain a Warehousing Advance under this Agreement upon compliance with the procedures set forth in this Section and in the applicable Exhibit B, including delivery to Credit Agent the Lender of all Collateral Documents required Collateral Documentsto be delivered on the applicable dates specified in this Agreement for such delivery. Credit Agent's The Lender’s current form of Warehousing Advance Request is set forth in the applicable Exhibit A. C. Upon not less than 3 five (5) Business Days' ’ prior Notice to Borrowersthe Borrower, Credit Agent the Lender may modify its form of Warehousing Advance Request, Request and any other Exhibit or document referred to in this Section to conform to either current legal requirements or Credit Agent Lender practices and, as so modified, those Exhibits and documents will become part of this Agreement. Credit Agent will promptly notify Lenders of any changes made to any document under the preceding sentence.

Warehousing Advances. 2.1(a) To Borrower may obtain a Warehousing Advance under this Agreement, Borrowers must deliver Agreement by delivering to Credit Administrative Agent either a completed and signed request for a Warehousing Advance on the Administrative Agent’s then current form approved by Credit Agent or an Electronic Advance Request, ("“Warehousing Advance Request"”), not later than Three O’Clock (i3:00) in the case of Electronic Advance Requests, 2:30 p.m. on the Business Day, and Day that is one (ii1) in all other cases, 1 Business Day before the Business Day, Day on which Borrowers desire Borrower desires the Warehousing Advance. Warehousing Advance Requests received by Administrative Agent after Three O’Clock (3:00) p.m. on a Business Day will be deemed received on the following Business Day, provided, however, on a case-by-case basis at the request of Borrower, the Administrative Agent may, in its sole discretion (and without thereby establishing any course of dealing), extend such Three O’Clock (3:00) p.m. cut-off time to a later time on the subject Business Day. Subject to the delivery of a Warehousing Advance RequestRequest and the satisfaction of the conditions set forth in Sections 5.1 and 5.2, Borrowers Borrower may obtain a Warehousing Advance under this Agreement upon compliance with the procedures set forth in this Section and in the applicable Exhibit B, including delivery to Credit the Administrative Agent of all Collateral Documents required Collateral Documentsto be delivered on the applicable dates specified in this Agreement for such delivery. Credit Administrative Agent's ’s current form of Warehousing Advance Request is set forth in the applicable Exhibit A. C. Upon not less than 3 five (5) Business Days' ’ prior Notice to BorrowersBorrower, Credit Administrative Agent may modify its form of Warehousing Advance Request, Request and any other Exhibit or document referred to in this Section to conform to either current legal requirements or Credit Agent Administrative Agent’s practices and, as so modified, those Exhibits and documents will become part of this Agreement. Credit Agent will promptly notify Lenders of any changes made to any document under the preceding sentence.