No Construction Loans. No Revolving Credit Loan was made in connection with (a) the construction or rehabilitation of a Mortgaged Property or (b) facilitating the sale of a Mortgaged Property that had been acquired by the Seller by foreclosure or deed in lieu of foreclosure;
Appears in 2 contracts
Sources: Mortgage Loan Sale and Assignment Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1), Purchase, Sale & Servicing Agreement (E Loan Inc)
No Construction Loans. No Revolving Credit Loan was made in connection with (ai) the construction or rehabilitation of a Mortgaged Property or (bii) facilitating the sale of a Mortgaged Property that had been acquired by the Seller by foreclosure or deed in lieu of foreclosure;
Appears in 1 contract
Sources: Mortgage Loan Sale and Assignment Agreement (Greenpoint Mortgage Funding Trust 2005-He3)