Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose of financing or purchasing Pledged Mortgages, including the issuance of Mortgage-backed Securities based thereon.
Appears in 5 contracts
Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (Amresco Inc), Warehousing Credit and Security Agreement (E Loan Inc)
Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose of financing or purchasing Pledged Mortgages, including the issuance of MortgageEligible Mortgage Loans or Eligible Non-backed Securities based thereonConforming Mortgage Loans or for working capital purposes with respect to Advances against Investment Grade Securities.
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (Hanover Capital Mortgage Holdings Inc), Warehousing Credit and Security Agreement (Hanover Capital Mortgage Holdings Inc)
Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose of financing or purchasing Pledged Mortgages, including the issuance of Mortgage-backed Securities based thereonEligible Mortgage Loans.
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (Sirva Inc), Warehousing Credit and Security Agreement (Sirva Inc)
Use of Proceeds of Advances. Use Will use the proceeds of each Advance solely for the purpose of financing the purchase or purchasing Pledged Mortgages, including the issuance origination of Mortgage-backed Securities based thereonMortgage Loans.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Franklin Credit Management Corp/De/)
Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose of financing or purchasing Pledged Mortgages, including the issuance of Mortgage-backed Securities based thereon.
Appears in 1 contract
Samples: Credit and Security Agreement (First NLC Financial Services Inc)
Use of Proceeds of Advances. Use Will use the proceeds of each Advance solely for the purpose of financing Mortgage Loans or purchasing Pledged Mortgages, including the issuance of Mortgage-backed Securities based thereonrepurchasing and carrying Foreclosure Loans.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (PMCC Financial Corp)
Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose of financing or purchasing Pledged Mortgages, including the issuance of Mortgage-backed Securities based thereon.
Appears in 1 contract
Samples: Credit and Security Agreement (Finet Holdings Corp)
