Common use of Each Advance Clause in Contracts

Each Advance. The obligation of the Lender to make the initial and each subsequent Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Lender, as of the date of each such Advance, of the following additional conditions precedent:

Appears in 11 contracts

Sources: Warehousing Credit and Security Agreement (American Business Financial Services Inc /De/), Warehousing Credit and Security Agreement (Bingham Financial Services Corp), Warehousing Credit and Security Agreement (BNC Mortgage Inc)

Each Advance. The obligation of the Lender to make the initial and ------------ each subsequent Advance under this Agreement is subject to the satisfaction, in the sole reasonable discretion of the Lender, as of the date of each such Advance, of the following additional conditions precedent:

Appears in 1 contract

Sources: Warehousing Credit and Security Agreement (National Mortgage Corp)

Each Advance. The obligation of the Lender to make the ------------ initial and each subsequent Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Lender, as of the date of each such Advance, of the following additional conditions precedent:

Appears in 1 contract

Sources: Warehousing Credit and Security Agreement (Novastar Financial Inc)

Each Advance. The effectiveness of this Agreement, including Lender’s and Lender’s obligation of the Lender to make the initial and each subsequent Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Lender, as of the date of each such Advance, of the following additional conditions precedent:

Appears in 1 contract

Sources: Revolving Bridge Loan and Security Agreement (Arbor Realty Trust Inc)

Each Advance. The obligation of the Lender to make the initial and each subsequent Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Washington/Hunt▇▇▇:▇/▇3/96 43 50 Lender, as of the date of each such Advance, of the following additional conditions precedent:

Appears in 1 contract

Sources: Credit and Security Agreement (WMF Group LTD)