Common use of Permanent Financing Clause in Contracts

Permanent Financing. The Mortgage Loan was not originated for the purpose of financing the construction of uncompleted improvements on the related Mortgaged Property.

Appears in 4 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (Painewebber Mortgage Acceptance Corp V), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1)

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Permanent Financing. The Except as set forth in Exhibit D, the Mortgage Loan was not originated for the purpose of financing the construction of uncompleted improvements on the related Mortgaged Property.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1)

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