Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any shareholder, director, officer or Affiliate of Borrower, which indebtedness has a term of more than 1 year or is in excess of $25,000, to be subordinated to the Obligations by the execution and delivery to Lender of a Subordination of Debt Agreement, on the form prescribed by Lender, certified by the corporate secretary of Borrower to be true and complete and in full force and effect.
Appears in 5 contracts
Samples: Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.), Credit and Security Agreement (Commercial Capital Bancorp Inc), Warehousing Credit and Security Agreement (Mortgageit Holdings Inc)
Subordination of Certain Indebtedness. Cause any indebtedness of any Borrower for borrowed money to any shareholder, director, officer or Affiliate of any Borrower, or to any Guarantor, which indebtedness has a term of more than 1 year or is in excess of $25,000100,000, to be subordinated to the Obligations by the execution and delivery to Lender Credit Agent of a Subordination of Debt Agreement, on the form prescribed by LenderCredit Agent, certified by the corporate secretary of such Borrower to be true and complete and in full force and effect.
Appears in 2 contracts
Samples: American Home Mortgage Investment Corp, American Home Mortgage Investment Corp
Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any member, manager or Affiliate or any shareholder, directordirector or officer of any manager, officer member or Affiliate of Borrower, which indebtedness has a term of more than 1 year or is in excess of $25,000, to be subordinated to the Obligations by the execution and delivery to Lender of a Subordination of Debt Agreement, on the form prescribed by Lender, certified by the corporate secretary of Borrower to be true and complete and in full force and effect.
Appears in 2 contracts
Samples: Credit and Security Agreement (First NLC Financial Services Inc), Warehousing Credit and Security Agreement (First NLC Financial Services Inc)
Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any shareholder, director, officer or Affiliate of Borrower, which indebtedness has a term of more than 1 year or is in excess of $25,000100,000, to be subordinated to the Obligations by the execution and delivery to Lender Credit Agent of a Subordination of Debt Agreement, on the form prescribed by LenderCredit Agent, certified by the corporate secretary of Borrower to be true and complete and in full force and effect.
Appears in 1 contract
Samples: Loan and Security Agreement (American Home Mortgage Holdings Inc)
Subordination of Certain Indebtedness. Cause any indebtedness of any Borrower for borrowed money to any shareholder, director, officer or Affiliate of Borrower, which indebtedness has a term of more than 1 year or is in excess of $25,00035,000,000, to be subordinated to the Obligations by the execution and delivery to Lender Credit Agent of a Subordination of Debt Agreement, on the form prescribed by LenderCredit Agent, certified by the corporate secretary of that Borrower to be true and complete and in full force and effect.
Appears in 1 contract
Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any shareholder, director, officer or Affiliate of Borrower, or to any Guarantor, which indebtedness has a term of more than 1 year or is in excess of $25,000250,000, to be subordinated to the Obligations by the execution and delivery to Lender of a Subordination of Debt Agreement, on the form prescribed by Lender, certified by the corporate secretary of Borrower to be true and complete and in full force and effect.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Matrix Bancorp Inc)
