Common use of Financing Status Clause in Contracts

Financing Status. The Beneficial Owner is a lender or repurchase agreement counterparty in a repurchase agreement or secured lending transaction that qualifies as a borrowing for federal income tax purposes; or

Appears in 3 contracts

Sources: Owner Trust Agreement (FBR Securitization, Inc.), Owner Trust Agreement (First NLC Securitization, Inc.), Owner Trust Agreement (Lares Asset Securitization, Inc.)

Financing Status. (check if applicable) The Beneficial Owner is a lender or repurchase agreement counterparty in a repurchase agreement or secured lending transaction that qualifies as a borrowing for federal income tax purposes; or

Appears in 1 contract

Sources: Owner Trust Agreement (FBR Securitization Trust 2005-1)