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Common use of REO Subsidiary Clause in Contracts

REO Subsidiary. The Borrower shall have established an REO Subsidiary and complied with the provisions set forth in Section 4.11 with respect to such REO Subsidiary.

Appears in 3 contracts

Sources: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)

Related Clauses

  • U.S. Real Property Holding Corporation
  • Material Subsidiary
  • Real Property Holding Corporation
  • Subsidiary
  • Real Property Holding Company

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES
  • Conditions Precedent
  • Initial Advance
  • CONFIRMATION

Sub-Clauses

  • Financial Statements and Other Information; Financial Covenants
  • Other Information
  • No Economic Interest
  • Certifications
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