Subordination of Certain Indebtedness. Cause any indebtedness of Borrower to any member, manager or Affiliate or any shareholder, director or officer of any manager, 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 3 contracts
Samples: Credit and Security Agreement (Oak Street Financial Services Inc), Gmac Residential Funding (Oak Street Financial Services Inc), Credit and Security Agreement (Oak Street Financial Services Inc)
Subordination of Certain Indebtedness. Cause any indebtedness of Borrower to any member, manager or Affiliate or any shareholder, director or director, officer of any manager, member or Affiliate of Borrower, or to any Guarantor, 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: Gmac Residential Funding (American Business Financial Services Inc /De/), Credit and Security Agreement (American Home Mortgage Holdings Inc)
Subordination of Certain Indebtedness. Cause any indebtedness of Borrower to any member, manager or Affiliate or any shareholder, director or officer of any manager, member or Affiliate of Borrower, which indebtedness has a term of more than 1 year or is in excess of $25,000, except in the case of Excluded Lines of Credit, 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 (Municipal Mortgage & Equity LLC)
Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any member, manager or Affiliate or any shareholder, director or director, officer of any manager, member or Affiliate of Borrower, or to any Guarantor, 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 1 contract
Samples: Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.)
Subordination of Certain Indebtedness. Cause any indebtedness of Borrower to any member, manager partner or Affiliate or any shareholder, director or officer of any manager, member partner or Affiliate of Borrower, or to any Guarantor, 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 General Partner of Borrower to be true and complete and in full force and effect.
Appears in 1 contract
Samples: Credit and Security Agreement (Arbor Realty Trust Inc)
