The Warehousing Commitment. On the terms and subject to the conditions and limitations of this Agreement, including Exhibit H, Lender agrees to make Warehousing Advances to Borrower from the Closing Date to the Business Day immediately preceding the Warehousing Maturity Date, during which period Borrower may borrow, repay and reborrow in accordance with the provisions of this Agreement. The total aggregate principal amount of all Warehousing Advances outstanding at any one time may not exceed the Warehousing Commitment Amount. While a Default or Event of Default exists, Lender may refuse to make any additional Warehousing Advances to Borrower. Effective as of the Closing Date, all outstanding loans made under the Existing Agreement are deemed to be Warehousing Advances made under this Agreement. All Warehousing Advances under this Agreement constitute a single indebtedness, and all of the Collateral is security for the Warehousing Note and the Sublimit Note and for the performance of all of the Obligations. Warehousing Advances will be made to Cresleigh LLC, Cresleigh Bancorp or to Cresleigh Inc., as requested by Cresleigh LLC, Cresleigh Bancorp or Cresleigh Inc., respectively, will be deemed made to or for the benefit of Cresleigh LLC and Cresleigh Bancorp and Cresleigh Inc., jointly and severally, and each of Cresleigh LLC, Cresleigh Bancorp and Cresleigh, Inc. are obligated to repay any Warehousing Advances made to Cresleigh LLC, Cresleigh Bancorp or to Cresleigh Inc. under the Warehousing Commitment. With respect to its obligation to repay Warehousing Advances made to any other Borrower, each Borrower agrees to the terms set forth in Exhibit I.
The Warehousing Commitment. On the terms and subject to the conditions and limitations of this Agreement, including Exhibit H, Lender agrees to make Warehousing Advances to Borrower from the Closing Date to the Business Day immediately preceding the Warehousing Maturity Date, during which period Borrower may borrow, repay and reborrow in accordance with the provisions of this Agreement. Lender has no obligation to make Warehousing Advances in excess of the Warehousing Commitment Amount. While a Default or Event of Default exists, Lender may refuse to make any additional Warehousing Advances to Borrower. All Warehousing Advances under this Agreement constitute a single indebtedness, and all of the Collateral is security for the Warehousing Note and for the performance of all of the Obligations. If the initial Warehousing Advance has not been made within 90 days after the Closing Date, the Warehousing Commitment and Lender’s obligation to make Warehousing Advances to Borrower under this Agreement will automatically terminate, and all Obligations (including any Obligations arising under Section 11.2) will automatically become due and payable, without presentment, demand or other Notice or requirements of any kinds, all of which Borrower expressly waives.
The Warehousing Commitment. On the terms and subject to the conditions and limitations of this Agreement, including Exhibit H, Lender agrees to make Warehousing Advances to Borrower from the Closing Date to the Business Day immediately preceding the Warehousing Maturity Date, during which period Borrower may borrow, repay and reborrow in accordance with the provisions of this Agreement. Lender has no obligation to make Warehousing Advances in excess of the Warehousing Commitment Amount. While a Default or Event of Default exists, Lender may refuse to make any additional Warehousing Advances to Borrower. Effective as of the Closing Date, all outstanding loans made under the Existing Agreement are deemed to be the initial Warehousing Advances made under this Agreement. All Warehousing Advances under this Agreement constitute a single indebtedness, and all of the Collateral is security for the Notes and for the performance of all of the Obligations.
The Warehousing Commitment. On the terms and subject to the conditions and limitations of this Agreement, Lender agrees to make Warehousing Advances to Borrower from the Closing Date to the fifth (5th) Business Day immediately preceding the Warehousing Maturity Date, during which applicable period Borrower may borrow, repay and reborrow in accordance with the provisions of this Agreement. Lender has no obligation to make or maintain Warehousing Advances if, after giving effect to each requested Warehousing Advance, the aggregate outstanding principal amount of all Warehousing Advances would exceed the Warehousing Credit Limit. While a Default or Event of Default exists, Lender may refuse to make any additional Warehousing Advances to Borrower. All Warehousing Advances under this Agreement constitute a single indebtedness, and all of the Collateral is security for the Warehousing Note and for the performance of all of the Obligations.
The Warehousing Commitment. On the terms and subject to the conditions and limitations of this Agreement, including without limitation all of the Exhibits hereto, Lender agrees to make advances (“Advances”) to Borrowers from the Closing Date to the Business Day immediately preceding the Maturity Date, during which period Borrowers may borrow, repay and reborrow in accordance with the provisions of this Agreement (the “Warehousing Commitment”). Lender has no obligation to make Advances in an aggregate amount outstanding at any time (including after giving effect to any requested Advance) in excess of the Warehousing Commitment Amount or of any Sublimit. While a Default or Event of Default exists, Lender may refuse to make any additional Advances to Borrowers. All Advances under this Agreement constitute a single indebtedness, and all of the Collateral is security for the Warehousing Note and for the performance of all of the Obligations. The aggregate amount of all Advances outstanding from time to time hereunder may be hereinafter collectively referred to as the “Loan.”
The Warehousing Commitment. 16 2.2 Procedures for Obtaining Warehousing Advances........................................ 19 2.3 The Term Loan Commitment............................................................. 21
The Warehousing Commitment. 2.1(a) Subject to the terms and conditions of this Agreement and provided no (i) Event of Default or (ii) Default that the Lender, in the reasonable exercise of its discretion, determines to be material has occurred and is continuing, the Lender agrees from time to time during the period from the Closing Date, to, but not including, the Maturity Date, to make Advances to the Company, provided the total aggregate principal amount outstanding at any one time of all such Advances shall not exceed the Commitment Amount. The obligation of the Lender to make Advances hereunder up to the Commitment Amount, is hereinafter referred to as the "Commitment." Within the Commitment, the Company may borrow, repay and reborrow. All Advances under this Agreement shall constitute a single indebtedness, and all of the Collateral shall be security for the Promissory Notes and for the performance of all the Obligations.
The Warehousing Commitment. On the terms and subject to the conditions and limitations of this Agreement, including Exhibit H, Lender agrees to make Warehousing Advances to Borrower from the Closing Date to the Business Day immediately preceding the Warehousing Maturity Date, during which period Borrower may borrow, repay and reborrow in accordance with the provisions of this Agreement. Lender has no obligation to make Warehousing Advances in an aggregate amount outstanding at any time in excess of the lesser of (a) the Warehousing Commitment Amount, or (b) the Aggregate Warehousing Collateral Value. While a Default or Event of Default exists, Lender may refuse to make any additional Warehousing Advances to Borrower. Effective as of the Closing Date, all outstanding loans made under the Existing Agreement are deemed to be the initial Warehousing Advances made under this Agreement. All Warehousing Advances under this Agreement constitute a single indebtedness, and all of the Collateral is security for the Notes and for the performance of all of the Obligations. 1.2.
The Warehousing Commitment. 2.1(a) Subject to the terms and conditions of this Agreement and provided no Default or Event of Default has occurred and is continuing, the Lender agrees, from time to time during the period from the date hereof to and including the Warehousing Maturity Date, to make Warehousing Advances to the Company, provided the total aggregate principal amount outstanding at any one time of all such Warehousing Advances shall not exceed Ten Million Dollars ($10,000,000). The obligation of the Lender to make Warehousing Advances hereunder up to such limit is hereinafter referred as the "Warehousing Commitment." Within the Warehousing Commitment, the Company may, subject to the limitation set forth in Section 2.9(d), borrow, repay and reborrow. All Warehousing Advances under this Agreement shall constitute a single indebtedness, and all of the Collateral shall be security for the Warehousing Promissory Note and for the payment and performance of all the Obligations.(2) ---------- (1) Replaced in Third Amendment (2/29/96) - Page 6. (2) Replaced in Third Amendment 92/29/96) - Pages 6 & 7.
The Warehousing Commitment. On the terms and subject to the conditions and limitations of this Agreement, including Exhibit H, Lender agrees to make Warehousing Advances to Borrower from the Closing Date to the Business Day immediately preceding the Warehousing Maturity Date, during which period Borrower may borrow, repay and reborrow in accordance with the provisions of this Agreement. The total aggregate principal amount of all Warehousing Advances outstanding at any one time may not exceed the Warehousing Commitment Amount. While a Default or Event of Default exists, Lender may refuse to make any additional Warehousing Advances to Borrower. If the initial Warehousing Advance has not been made within 90 days after the Closing Date, the Warehousing Commitment and Lender's obligation to make Warehousing Advances to Borrower under this Agreement will automatically terminate, and all Obligations (including any Obligations arising under Section 11.2) will automatically become due and payable, without presentment, demand or other Notice or requirements of any kind, all of which Borrower expressly waives.
