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 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 Agent by 11:00 a.m. on the Business Day of shipment -- 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 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 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
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 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
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Shipment of Collateral. 10(p) Compliance with Lending Regulations...............................
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

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 Collateral Agent the Collateral and all records relating thereto at any place or places specified by the Collateral 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 Notwithstanding anything to the contrary in this Agreement, in the case of any Event of Default under Section 9.1(i), immediately following the occurrence thereof, and in the case of any other Event of Default, upon the termination of the Revolving Credit Aggregate Commitment, the acceleration of any Indebtedness arising under this Agreement and/or the exercise of any other remedy in each case by the requisite Lenders under Section 9.2 hereof, the Agent shall apply the proceeds of any Collateral, together with any offsets, voluntary payments by any Credit Party or others and any other sums received or collected in respect of the Indebtedness first, to pay all incurred and unpaid fees and expenses of the Agent under the Loan Documents and any protective advances made by Agent with respect to the Collateral under or pursuant to the terms of any Loan Document, next, to pay any fees and expenses owed to the Issuing Lender hereunder, next, to the Indebtedness under the Revolving Credit (including the Swing Line and any Reimbursement Obligations), any obligations owing by any Credit party under any Hedging Agreements or in connection with any Lender Products on a pro rata basis, next, to any other Indebtedness on a pro rata basis, and then, if there is any excess, to the Credit Parties or as otherwise required under applicable law, as the case may be.

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