It Financing and Security Arrangement (as the same concluded, altered, restated or formulated sporadically, so it
Agreement) is made as americash loans Gordo of ong PENNYMAC LOAN SERVICES, LLC, as lender (the Bank) and PENNYMAC HOLDINGS, LLC, as borrower (the Borrower).
WHEREAS, in order to finance Portfolio Excess Spread (as defined below) owned by Borrower from time to time, Borrower has requested and Lender has made and will make available to Borrower a revolving credit facility in an amount not to exceed the Maximum Loan Amount (the Business). Loan Advance and collectively, the Loan) will be used by Borrower to finance Portfolio Excess Spread (as defined below);
Now, Thus, in the said of one’s shared agreements established here, or any other a beneficial and beneficial planning, the latest bill and you can sufficiency of which try hereby accepted, Bank and you may Debtor hereby consent as follows. (suite…)