Common use of Warehousing Notes Clause in Contracts

Warehousing Notes. Warehousing Advances are evidenced by promissory notes payable by Borrower to each Lender in a maximum principal amount equal to such Lender’s Commitment Amount on the form prescribed by Administrative Agent (each a “Warehousing Note” and, collectively, the “Warehousing Notes”). All terms and provisions of the Warehousing Notes are incorporated into this Agreement. The Borrower authorizes each Lender to make or cause to be made an appropriate notation on a schedule attached to such Warehousing Note reflecting (as the case may be) the funding of such Warehousing Advance or the receipt of such payment of principal. The failure of any Lender to maintain such a schedule or any errors thereon, if so maintained, shall in no way affect the Borrower’s obligations hereunder or under the applicable Warehousing Note, or Guarantor’s obligations under the Guaranty. The terms “Warehousing Note” and “Warehousing Notes” as used in this Agreement include all amendments, restatements, modifications or supplements thereof and substitutions therefor.

Warehousing Notes. Warehousing Advances are evidenced by promissory notes payable by Borrower to each Lender in a maximum principal amount equal to such Lender’s Commitment Amount on the form prescribed by Administrative Agent (each a “Warehousing Note” and, collectively, the “Warehousing Notes”). All terms and provisions of the Warehousing Notes are incorporated into this Agreement. The Borrower authorizes each Lender to make or cause to be made an appropriate notation on a schedule attached to such Warehousing Note reflecting (reflecting, as the case may be) , the funding of such each Warehousing Advance or the receipt of such any payment of principal. The failure of any Lender to maintain such a schedule or any errors thereon, if so maintained, shall in no way affect the Borrower’s obligations hereunder or under the applicable Warehousing Note, or Guarantor’s obligations under the Guaranty. The terms “Warehousing Note” and “Warehousing Notes” as used in this Agreement include all amendments, restatements, modifications or supplements thereof thereof, allonges thereto and substitutions therefor.