Common use of Eligible Mortgage Loans Clause in Contracts

Eligible Mortgage Loans. As to each Mortgage Loan included in the Borrowing Base on a Funding Date (and the related Mortgage, Mortgage Note, Assignment of Mortgage, Collateral Assignment and Mortgaged Property), the Borrower shall be deemed to make the following representations and warranties to the Agent as of such date and as of each date Collateral Value is determined (certain defined terms used herein and not otherwise defined in the Loan Agreement appearing in Part II to this Annex Two):

Appears in 2 contracts

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

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Eligible Mortgage Loans. As to each Mortgage Loan included in that forms part of the Borrowing Base on a Funding Date Collateral hereunder (and the related Mortgage, Mortgage Note, Assignment of Mortgage, Collateral Assignment Mortgage and Mortgaged Property), the Borrower shall be deemed to make the following representations and warranties to the Agent Lender as of such date and as of each date Collateral Value is determined (certain defined terms used herein and not otherwise defined in the Loan Agreement appearing in Part II to this Annex Two):determined:

Appears in 1 contract

Samples: Master Loan and Security Agreement (Aames Financial Corp/De)

Eligible Mortgage Loans. As to each Mortgage Loan included in the Borrowing Base on a Funding Date (and the related Mortgage, Mortgage Note, Assignment of Mortgage, Collateral Assignment and Mortgaged Property), the Borrower Borrowers shall be deemed to make the following representations and warranties to the Agent as of such date and as of each date Collateral Value is determined (certain defined terms used herein and not otherwise defined in the Loan Agreement appearing in Part II to this Annex Two):

Appears in 1 contract

Samples: Credit and Security Agreement (Sachem Capital Corp.)

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Eligible Mortgage Loans. As to each Mortgage Loan included in the Borrowing Base on a Funding Date (and the related Mortgage, Mortgage Note, Assignment of Mortgage, Collateral Assignment and Mortgaged Property), the Borrower shall be deemed to make the following representations and warranties to the Agent Lender as of such date and as of each date Collateral Value is determined (certain defined terms used herein and not otherwise defined in the Loan Agreement appearing in Part II to this Annex Two):

Appears in 1 contract

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)

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