Example ContractsClausesadvance of funds by the sellerIdentical
Advance of Funds by the Seller
Advance of Funds by the Seller contract clause examples

Advance of Funds by the Seller. After origination, no advance of funds has been made by the Seller to the related Mortgagor other than in accordance with the Loan Documents, and, to the Seller’s knowledge, no funds have been received from any person other than the related Mortgagor or an affiliate for, or on account of, payments due on the Mortgage Loan (other than as contemplated by the Loan Documents, such as, by way of example and not in limitation of the foregoing, amounts paid by the tenant(s) into a Mortgagee-controlled lockbox if required or contemplated under the related lease or Loan Documents). Neither the Seller nor any affiliate thereof has any obligation to make any capital contribution to any Mortgagor under a Mortgage Loan, other than contributions made on or prior to the date hereof.

Mortgage Loan Purchase Agreement
Source: SEC EDGAR database • Date: August 24, 2017 • SIC: 6189 • CIK: 6189

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