Common use of Purpose of Advances Clause in Contracts

Purpose of Advances. Each Advance shall be used to finance the origination or purchase of Eligible Mortgage Loans identified to the Lender in writing on each Mortgage Loan Schedule as such Mortgage Loan Schedule may be amended from time to time.

Appears in 5 contracts

Samples: Master Loan and Security Agreement (MortgageIT Holdings, Inc.), Custodial Agreement (Source One Mortgage Services Corp), Master Loan and Security Agreement (E Loan Inc)

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Purpose of Advances. Each Advance shall be used to finance the origination or purchase of Eligible Mortgage Loans identified to the Lender in writing on each Mortgage Loan Schedule as such Mortgage Loan Schedule may be amended from time to time.

Appears in 2 contracts

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

Purpose of Advances. Each Advance shall be used to finance the origination or purchase Borrower's financing of Eligible Mortgage Loans originated by an Approved Mortgage Originator or purchased by an Approved Mortgage Purchaser, and identified to the Lender in writing on each Mortgage Loan Schedule Data Transmission as such Mortgage Loan Schedule Data Transmission may be amended from time to time.

Appears in 1 contract

Samples: Administration Agreement (American Business Financial Services Inc /De/)

Purpose of Advances. Each Advance shall be used to finance the origination or purchase acquisition of Eligible Mortgage Franchise Loans identified to the Lender in writing on each Mortgage Franchise Loan Schedule Schedule, as such Mortgage Franchise Loan Schedule may be amended from time to time.

Appears in 1 contract

Samples: Warehouse and Security Agreement (CNL American Properties Fund Inc)

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Purpose of Advances. Each Advance shall be used to finance the origination or purchase of Eligible Mortgage Loans identified to the tothe Lender in writing on each Mortgage Loan Schedule as such Mortgage Loan Schedule may be amended from time to time.

Appears in 1 contract

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

Purpose of Advances. Each Advance shall be used to finance the origination or purchase of Eligible Mortgage Loans identified to the Lender in writing on each Mortgage Loan Schedule Data Transmission as such Mortgage Loan Schedule Data Transmission may be amended from time to time.

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

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