Common use of Certain Credits Clause in Contracts

Certain Credits. No Lender is obligated at any time to credit Associates for any amounts due from any investor for the purchase of any Mortgage Collateral contemplated under this agreement until Administrative Agent has actually received immediately available funds for that Mortgage Collateral in the amount required under this agreement, and neither Administrative Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor in respect of any such purchase.

Appears in 1 contract

Samples: Loan and Security Agreement (Ryland Group Inc)

AutoNDA by SimpleDocs

Certain Credits. No Neither Administrative Agent nor any Lender is obligated at any time to credit Associates Co-Borrowers for any amounts due from any investor for the purchase of any Mortgage Collateral contemplated under this agreement until Administrative Agent has actually received immediately available funds for that Mortgage Collateral in the amount required under this agreement, and neither . Neither Administrative Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor purchaser in respect of any such purchase.

Appears in 1 contract

Samples: Credit Agreement (American Business Financial Services Inc /De/)

Certain Credits. No Neither Administrative Agent nor any Lender is obligated at any time to credit Associates Borrower for any amounts due from any investor for the purchase of any Mortgage Collateral contemplated under this agreement until Administrative Agent has actually received immediately available funds for that Mortgage Collateral in the amount required under this agreement, and neither . Neither Administrative Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor purchaser in respect of any such purchase.

Appears in 1 contract

Samples: Loan Agreement (Matrix Bancorp Inc)

Certain Credits. No Neither Administrative Agent nor any Lender is obligated at any time to credit Associates Co-Borrowers for any amounts due from any investor for the purchase of any Mortgage Collateral or Lease Collateral contemplated under this agreement until Administrative Agent has actually received immediately available funds for that Mortgage Collateral or Lease Collateral in the amount required under this agreement, and neither . Neither Administrative Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor purchaser in respect of any such purchase.

Appears in 1 contract

Samples: Credit Agreement (American Business Financial Services Inc /De/)

Certain Credits. No Neither Administrative Agent, Collateral Agent nor any Lender is obligated at any time to credit Associates Borrower for any amounts due from any investor for the purchase of any Mortgage Collateral Loans contemplated under this agreement until Administrative Agent has actually received immediately available funds for that those Mortgage Collateral Loans in the amount required under this agreement. Neither Administrative Agent, and neither Administrative Collateral Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor purchaser in respect of any such purchase.

Appears in 1 contract

Samples: Credit Agreement (PMC Commercial Trust /Tx)

AutoNDA by SimpleDocs

Certain Credits. No Neither Administrative Agent nor any Lender is obligated at any time to credit Associates Borrower for any amounts due from any investor for the purchase of any Mortgage Collateral contemplated under this Us agreement until Administrative Agent has actually received immediately available funds for that Mortgage Collateral in the amount required under this Us agreement, and neither . Neither Administrative Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor purchaser in respect of any such purchase.

Appears in 1 contract

Samples: Credit Agreement (Cfi Mortgage Inc)

Certain Credits. No Neither Agent nor any Lender is obligated at any time to credit Associates Borrower for any amounts due from any investor for the purchase of any Mortgage Collateral contemplated under this agreement until Administrative Agent has actually received immediately available funds for that Mortgage Collateral in the amount required under this agreement, and neither Administrative . Neither Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor purchaser in respect of any such purchase.

Appears in 1 contract

Samples: Loan Agreement (Matrix Capital Corp /Co/)

Certain Credits. No Neither Administrative Agent nor any Lender is obligated at any time to credit Associates Borrower for any amounts due from any investor for the purchase of any Mortgage Collateral Pledged Loan contemplated under this agreement until Administrative Agent has actually received immediately available funds for that Mortgage Collateral Pledged Loan in the amount required under this agreement, and neither . Neither Administrative Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor purchaser in respect of any such purchase.

Appears in 1 contract

Samples: Credit Agreement (Rac Financial Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.