Discretionary Mortgage Loans. At least three (3) Business Days prior to a Funding Date, the Borrowers shall have provided to the Agent a certification as to the reason why a Discretionary Mortgage Loan has not been previously disposed of by the Borrowers and the Agent shall have approved of the inclusion of such Discretionary Mortgage Loan in the Mortgage Loan Schedule and Exception Report to be pledged hereunder on such Funding Date.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)
Discretionary Mortgage Loans. At least three (3) Business Days prior to a Funding Date, the Borrowers Borrower shall have provided to the Agent Lender a certification as to the reason why a Discretionary Mortgage Loan has not been previously disposed of by the Borrowers Borrower and the Agent Lender shall have approved of the inclusion of such Discretionary Mortgage Loan in the Mortgage Loan Schedule and Exception Report to be pledged hereunder on such Funding Date.; and
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
Discretionary Mortgage Loans. At least three (3) Business Days prior to a Funding Purchase Date, the Borrowers Sellers shall have provided to the Agent a certification as to the reason why a Discretionary Mortgage Loan has not been previously disposed of by the Borrowers Sellers and the Agent shall have approved of the inclusion of such Discretionary Mortgage Loan in the Mortgage Loan Schedule and Exception Report to be pledged purchased hereunder on such Funding Purchase Date.
Appears in 1 contract
Samples: Master Repurchase Agreement (New Century Financial Corp)
