Lending Activities Clause Samples

Lending Activities. The Company hereby represents and warrants that except as otherwise disclosed, neither the Company nor any of its subsidiaries currently has or, to its knowledge, is expected to have a loan facility, credit facility, debt financing, line of credit or any other extension of credit from any depository institution owned by ▇.▇ ▇▇▇▇▇▇ ▇▇▇▇▇ & Co.

Lending Activities. Borrower’s primary business activity does not involve, directly or indirectly, providing funds to others, purchasing debt obligations, factoring, or long-term leasing of equipment with no provision for maintenance or repair;

Lending Activities. The Company hereby represents and warrants that except as otherwise disclosed on Schedule 3 hereto, neither the Company nor any of its subsidiaries currently has or is expected to have a loan facility, credit facility, debt financing, line of credit or any other extension of credit from any depository institution owned by J.P. Morgan Chase & Co.

Lending Activities. The Bank's loan portfolio totaled $1.1 billion at December 31, 1995, representing 61 percent of total assets at that date. The loan portfolio consists principally of intermediate-term and long-term real estate loans and, to a lesser extent, secured and unsecured commercial, corporate, and construction loans, and consumer loans including: recreational vehicle, marine, mobile home, auto, equity, and home improvement loans. The contractual maturity of loans secured by single-family dwellings has historically been 30 years, although in recent years the Bank has made a number of loans with maturities of 23 years or less. The following table sets forth the composition of the loan portfolio by type of loan at the dates indicated (thousands of dollars): DECEMBER 31, -------------------------------------------------------------- 1995 1994 1993 1992 1991 -------- -------- -------- -------- Loans collateralized by real estate: Conventional single-family FHA and VA insured single-family Commercial secured................. 58,352 40,349 25,443 30,137 26,736 Commercial unsecured............... 4,678 2,317 354 384 3,966 Consumer installment............... 157,726 119,460 93,431 42,444 53,537 Consumer unsecured................. 7,128 6,570 19,309 18,371 16,568 Equity and property improvement Deposit accounts................... 2,392 2,659 2,944 4,248 5,122 ---------- -------- -------- -------- -------- 1,150,892 992,063 899,130 822,521 986,521 ---------- -------- -------- -------- -------- Undisbursed proceeds............... (68,646) (41,702) (48,251) (44,937) (44,544) Allowance for estimated credit losses........................... (16,353) (17,659) (16,251) (17,228) (12,061) Premiums (discounts)............... 9,314 5,969 3,270 (125) (1,294) Deferred fees...................... (5,362) (4,999) (4,782) (4,406) (6,678) Accrued interest................... 6,091 4,479 4,214 4,586 6,358 ---------- -------- -------- -------- -------- (74,956) (53,912) (61,800) (62,110) (58,219) ---------- -------- -------- -------- --------

Lending Activities. The Issuers hereby represent and warrant, jointly and severally, that, to their knowledge, except as otherwise disclosed in the Transaction Documents (as such term is defined in Section 5 hereto), neither of the Issuers nor any of their subsidiaries currently has or is expected to have a loan facility, credit facility, debt financing, line of credit or any other extension of credit from any depository institution owned by J.P. ▇▇▇▇▇▇ ▇▇▇▇▇ & ▇▇.

Lending Activities. The Company hereby represents and warrants that except as otherwise disclosed in Schedule 1 hereto, neither the Company nor any of its subsidiaries currently has or is expected to have a loan facility, credit facility, debt financing, line of credit or any other extension of credit from any depository institution owned by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co.

Lending Activities. The Company will use reasonable efforts to notify the Investor if it or any of its subsidiaries enters into a loan facility, credit facility, debt financing, line of credit or any other extension of credit from any Depository Institution which the Company knows is owned by The Chase Manhattan Corporation at least 30 days prior thereto. Any failure by the Company to comply with this Section 3 shall not be deemed to be a violation of, or default under, this Section 3.

Lending Activities. DECEMBER 31, 2001 --------------------- PERCENT AMOUNT OF TOTAL --------- -------- (DOLLARS IN THOUSANDS) MORTGAGE LOANS: One to four Family............................................. $ 31,843 43.13% Non Residential................................................ 23,398 31.69% Home Equity.................................................... 3,520 4.77% Consumer Loans................................................... 10,200 13.82% Commercial Loans................................................. 4

Lending Activities. (a) All Vehicle Loans and all advertising, origination and servicing activities, procedures and materials with regard to all Vehicle Loans or accounts made, created, acquired, assumed, collected or serviced by Omni or the Company comply in all material respects with all applicable federal, state and local laws, ordinances, rules and regulations, including but not limited to those related to usury, truth-in-lending, consumer protection, equal credit opportunity, fair debt collection, rescission rights and disclosures, except where failure to comply would not have a Material Adverse Effect. (b) SCHEDULE 5.32(B) hereto completely and accurately describes the Company's Current Policies Regarding Purchase of Retail Installment Vehicle Loans as in effect on the date hereof, and all existing Vehicle Loans comply in all material respects with such policies.