Common use of Wet Borrowings Clause in Contracts

Wet Borrowings. The Borrower may from time to time request that certain Borrowings be funded prior to the delivery to the Collateral Agent of the corresponding Principal Mortgage Documents (individually, a "Wet Borrowing"; collectively, "Wet Borrowings"). Advances in respect of Wet Borrowings shall be made in accordance with Section 2.3(a), subject to the terms and conditions of this Agreement, including, without limitation, the following additional terms and conditions:

Appears in 2 contracts

Sources: Loan Agreement (American Home Mortgage Investment Corp), Loan Agreement (American Home Mortgage Investment Corp)