Common use of Collateral Delivery - Clause in Contracts

Collateral Delivery -. Borrower must comply with all the required procedures in SCHEDULE 4.3 for Mortgage Collateral offered in connection with this agreement by no later than 11:00 a.m. on (i) the Borrowing Date for Collateral supporting any new Borrowing (OTHER THAN a Wet Borrowing) and (ii) the 5th calendar day after the Borrowing Date of any Wet Borrowing for Collateral supporting that Borrowing. By 11:00 a.m. on the Business Day that Borrower is converting any Dry Borrowing to a Gestation Borrowing, Borrower shall execute and deliver to Administrative Agent a Collateral -Conversion Notice.

Appears in 1 contract

Sources: Credit Agreement (Cfi Mortgage Inc)

Collateral Delivery -. Borrower must comply with all the required procedures in SCHEDULE 4.3 for Mortgage Collateral offered in connection with this agreement by no later than 11:00 a.m. on (i) the Borrowing Date for Collateral supporting any new Borrowing (OTHER THAN other than a Wet Borrowing) Borrowing and (ii) the 5th calendar day seventh Business Day after the Borrowing Date of any Wet Borrowing for Collateral supporting that Borrowing. By 11:00 a.m. on the Business Day that Borrower is converting any Dry Borrowing to a Gestation Borrowing, Borrower shall execute and deliver to Administrative Agent a Collateral -Conversion Collateral-Conversion Notice.

Appears in 1 contract

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

Collateral Delivery -. Borrower must comply with all the required procedures in SCHEDULE Schedule 4.3 for Mortgage Collateral offered in connection with this agreement by no later than 11:00 a.m. on (i) the Borrowing Date for Collateral supporting any new Borrowing (OTHER THAN other than a Wet Borrowing) Borrowing and (ii) the 5th calendar day seventh Business Day after the Borrowing Date of any Wet Borrowing for Collateral supporting that Borrowing. By 11:00 a.m. on the Business Day that Borrower is converting any Dry Borrowing to a Gestation Borrowing, Borrower shall execute and deliver to Administrative Agent a Collateral -Conversion Collateral-Conversion Notice.

Appears in 1 contract

Sources: Loan Agreement (Matrix Bancorp Inc)