Shipment of Collateral Sample Clauses

Shipment of Collateral. Direct the Collateral Agent to deliver Mortgage Loans included in the Warehouse Borrowing Base only to Approved Investors or otherwise consistent with the provisions of the Loan Documents.
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Shipment of Collateral. Direct the Custodian to ship Mortgage Loans included in the Warehouse Borrowing Base only to Approved Investors.
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Shipment of Collateral. If no Default, Potential Default, or Borrowing Excess exists and if shipment would not result in any Approved Investor (other than FNMA, FHLMC, and GNMA, or any other investor that Administrative Agent has approved in writing) or its servicers and custodians holding Collateral Documents for Mortgage Loans with more than a total $5,000,000 face amount, then Borrower may, by a Shipping Request delivered to Administrative Agent by 11:00 a.m. on the Business Day of shipment, request Administrative Agent to ship Collateral Documents to an Approved Investor or its servicer or custodian for purchase of the related Mortgage Loans. If Administrative Agent has no actual knowledge that any of the above conditions have not been satisfied, then Administrative Agent shall ship the Collateral Documents it holds for those Mortgage Loans to that Approved Investor or its servicer or custodian under the appropriate Bailee Letter.
Sample 1
Shipment of Collateral. If no Event of Default, Potential Default, or Borrowing Excess exists, and if shipment would not result in any investor (other than FNMA, FHLMC, and GNMA, or any other investor that Administrative Agent has approved in writing), or its servicers and custodians, holding Collateral Documents for Mortgage Loans, Commercial Loans, or Leases with more than a total $1,000,000 face amount, then Co-Borrowers may, by a Shipping Request Credit Agreement delivered to Administrative Agent by 11:00 a.m. on the Business Day immediately preceding the requested shipping date, request Administrative Agent to ship Collateral Documents to an investor, or its servicer or custodian, for purchase of the related Mortgage Loans, Commercial Loans, or Leases. If Administrative Agent has no actual knowledge that any of the above conditions have not been satisfied, then Administrative Agent shall use its best efforts to ship the Collateral Documents it holds for those Mortgage Loans, Commercial Loans or Leases to that investor, or its servicer or custodian, under an appropriate Bailee Letter by the end of the Business Day following the date of receipt of the applicable Shipping Request.
Sample 1
Shipment of Collateral. If no Default, Potential Default, or ---------------------- Borrowing Excess exists and if shipment would not result in any Approved Investor (other than FNMA, FHLMC, and GNMA, or any other investor that Agent has approved in writing) or its servicers and custodians holding Collateral Documents for Mortgage Loans with more than a total $2,500,000 face amount, then Borrower may (by a Shipping Request delivered to Agent by 11:00 a.m. on the Business Day immediately preceding the requested shipping date) request Agent to ship Collateral Documents to an Approved Investor or its servicer or custodian for purchase or pooling of the related Mortgage Loans. If Agent has no actual knowledge that any of the above conditions have not been satisfied, then Agent shall use its best efforts to ship the Collateral Documents it holds for those Mortgage Loans to that Approved Investor or its servicer or custodian under the appropriate Bailee Letter by the end of the Business Day following the date of receipt of the applicable Shipping Request.
Sample 1
Shipment of Collateral. If no Event of Default, Potential Default, or Borrowing Excess exists and if shipment would not result in any Approved Investor or its servicers and custodians (other than Bank One, Texas, N.A. in connection with securitization transactions) holding Collateral Documents for Pledged Loans with more than a total $10,000,000 face amount, then Borrower may, by a Shipping Request delivered to Agent by 11:00 a.m. on the Business Day of shipment, request Administrative Agent to ship Collateral Documents to an Approved Investor or its servicer or custodian for purchase or pooling of the related Pledged Loans. If Administrative Agent has no actual knowledge that any of the above conditions have not been satisfied, then Administrative Agent shall ship the Collateral Documents it holds for those Pledged Loans to that Approved Investor or its servicer or custodian under the appropriate Bailee Letter.
Sample 1
Shipment of Collateral. If no Event of Default, Potential Default, or Borrowing Excess exists, and if shipment would not result in any Investor (other than FNMA, FHLMC, and GNMA, or any other Investor that Administrative Agent has approved in writing), or its servicers and custodians, holding Collateral Documents for Mortgage Loans or Commercial Loans with more than a total $5,000,000 face amount (or $7,500,000 face amount for the first three and last five days of each Calendar Month), then Co-Borrowers may, by a Shipping Request delivered to Administrative Agent by 11:00 a.m. on the Business Day immediately preceding the requested shipping date, request Administrative Agent to ship Collateral Documents to an Investor, or its servicer or custodian, for purchase of the related Mortgage Loans or Commercial Loans; provided that such limitations shall not apply to shipment of Collateral Documents in connection with the securitization of the related Mortgage Loans or Commercial Loans. If Administrative Agent has no actual knowledge that any of the above conditions have not been satisfied, then Administrative Agent shall use its best efforts to ship the Collateral Documents it holds for those Mortgage Loans or Commercial Loans to that Investor, or its servicer or custodian, under an appropriate Bailee Letter by the end of the Business Day following the date of receipt of the applicable Shipping Request.
Sample 1
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Shipment of Collateral. If no Event of Default, Potential Default, or Borrowing Excess exists, and if shipment would not result in any Tier 2 Approved Investor (OTHER THAN FNMA, FHLMC, and GNMA, or any other investor that Administrative Agent has approved in WRITING), OR its servicers and custodians, holding Collateral Documents for Mortgage Loans with more than a total $2,500,000 face amount (other than, as approved in writing by Administrative agent on a case by case basis, FNMA, FHLMC, GNMA, and non-agency bulk sales), then Borrower may, by a Shipping Request delivered to Administrative Agent by 11:00 a.m. on the Business Day immediately preceding the requested shipping date, request Administrative Agent to ship Collateral Documents to an Approved Investor, or its servicer or custodian, for purchase of the related Mortgage Loans. If Administrative Agent has no actual knowledge that any of the above conditions have not been satisfied, then Administrative Agent shall use its best efforts to ship the Collateral Documents it holds for those Mortgage Loans to that Approved Investor, or its servicer or custodian, under an appropriate Bailee Letter by the end of the Business Day following the date of receipt of the applicable Shipping Request.
Sample 1
Shipment of Collateral. 10(p) Compliance with Lending Regulations...............................
Sample 1

Related to Shipment of Collateral

  • Maintenance of Collateral Borrower will maintain the Collateral in good working condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Silicon in writing of any material loss or damage to the Collateral.

  • Proceeds of Collateral Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account.

  • Inspection of Collateral Lender and Lender's designated representatives and agents shall have the right at all reasonable times to examine and inspect the Collateral wherever located.

  • Maintenance of Collateral Accounts Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

  • Impairment of Collateral Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

  • Loss of Collateral There occurs any uninsured loss to any material portion of the Collateral; or

  • Assignment of Collateral There is no material collateral securing any Mortgage Loan that has not been assigned to the Purchaser.

  • Assembly of Collateral Assemble and make available to the Administrative Agent the Collateral and all records relating thereto at any place or places specified by the Administrative Agent.

  • Types of Collateral None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber.

  • Application of Proceeds of Collateral Except as provided in subsection 2.4B(iii)(a) with respect to prepayments from Net Asset Sale Proceeds, all proceeds received by Administrative Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral under any Collateral Document may, in the discretion of Administrative Agent, be held by Administrative Agent as Collateral for, and/or (then or at any time thereafter) applied in full or in part by Administrative Agent against, the applicable Secured Obligations (as defined in such Collateral Document) in the following order of priority: (a) To the payment of all costs and expenses of such sale, collection or other realization, including reasonable compensation to Administrative Agent and its agents and counsel, and all other expenses, liabilities and advances made or incurred by Administrative Agent in connection therewith, and all amounts for which Administrative Agent is entitled to indemnification under such Collateral Document and all advances made by Administrative Agent thereunder for the account of the applicable Loan Party, and to the payment of all costs and expenses paid or incurred by Administrative Agent in connection with the exercise of any right or remedy under such Collateral Document, all in accordance with the terms of this Agreement and such Collateral Document; (b) thereafter, to the extent of any excess such proceeds, to the payment of all other such Secured Obligations for the ratable benefit of the holders thereof; and (c) thereafter, to the extent of any excess such proceeds, to the payment to or upon the order of such Loan Party or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct.

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