Representations and Warranties Untrue. The failure of any representation or warranty of Borrower in this Article 5 to be true with respect to an Eligible Mortgage Loan shall not constitute and Event of Default under the Loan, however, any and all Mortgage Loans for which such representations and warranties have proved to be untrue shall no longer be Eligible Mortgage Loans and Borrower shall be required to meet the remargining requirements of Section 2.11 based on the new Maximum Allowed Warehouse Advance after excluding the subject Mortgage Loans.
Appears in 2 contracts
Sources: Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc), Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc)