Deliver Collateral. If at any time the value of the Collateral, as determined by Bank with reference to objective secondary market criteria such as, for example, the FHLMC posted rate, securing the obligations of Borrower hereunder, shall be less than the amount Advanced on such Eligible Mortgage Loan, Borrower shall, upon demand of Bank, deliver to Bank additional collateral or other Eligible Mortgage Loan documentation or related papers as may be deemed necessary by Bank to meet said requirements and secure the obligation of Borrower hereunder.
Appears in 6 contracts
Samples: Loan and Security Agreement, Mortgage Warehouse Loan and Security Agreement (William Lyon Homes), Mortgage Warehouse Loan and Security Agreement (William Lyon Homes)
