Common use of Use of Proceeds of Advances Clause in Contracts

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose set forth in Section 2.1(b) for Advances of that type.

Appears in 8 contracts

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

Use of Proceeds of Advances. Use the proceeds of each Advance solely --------------------------- for the purpose set forth in Section 2.1(b) or Section 2.3(b) for Advances of that type.

Appears in 1 contract

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

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose set forth in Section 2.1(b), 2.3 or 2.4(b) for Advances of that type.

Appears in 1 contract

Sources: Credit and Security Agreement (WMF Group LTD)

Use of Proceeds of Advances. Use the proceeds of each Advance --------------------------- solely for the purpose set forth in Section 2.1(b) for Advances of that type.

Appears in 1 contract

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

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose purposes set forth in Section 2.1(b2 1(b), Section 2.3(b) for Advances of that typeor Section 2.5(b) above, as applicable.

Appears in 1 contract

Sources: Warehousing Credit and Security Agreement (Finet Holdings Corp)

Use of Proceeds of Advances. Use the proceeds of each Advance --------------------------- solely for the purpose set forth in Section 2.1(b), Section 2.4(b) or Section 2.6 for Advances of that type.

Appears in 1 contract

Sources: Credit and Security Agreement (WMF Group LTD)

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose purposes set forth in Section 2.1(b) for Advances of that type1 hereof.

Appears in 1 contract

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

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the purpose set forth in Section 2.1(b2.1 (b) for Advances of that type.

Appears in 1 contract

Sources: Warehousing Credit and Security Agreement (Mortgage Com Inc)