Warehouse Lines. All warehouse lines of Seller (other than the warehouse line evidenced by the Agreement) of Seller existing on the date hereof are listed on Schedule 2 hereto, including related lender, facility size, total line amount, outstanding amount, and maturity or termination date.
Warehouse Lines. With respect to the Warehouse Lines set forth in Section 6.12 of the Company Disclosure Schedule (the “Company Warehouse Lines”), effective as of the Closing, Parent shall (a) either purchase or cause to be purchased the outstanding loans under all such Company Warehouse Lines or replace all such Company Warehouse Lines and (b) with respect to each guaranty or similar credit support arrangement issued by Seller in relation to the Company Warehouse Lines (collectively, the “Support Obligations”), Parent or Purchaser shall provide guaranties or obtain, prior to the Closing, substitute credit support arrangements in replacement for all such Support Obligations and obtain a full release of all of Seller’s Support Obligations, and shall procure that Seller and its Affiliates be fully released from its respective obligations under and all Liabilities with respect to the Support Obligations, in form and substance reasonably satisfactory to Seller.
Warehouse Lines. Liens pursuant to any mortgage warehouse line of credit (provided that (i) no Lien in connection with any mortgage warehouse line of credit gives rise to any interest in any of the Collateral, and (ii) underlying mortgage loans made under such warehouse lines shall be entered into pursuant to unconditional purchase commitments (subject to program deliverable and other requirements arising in the ordinary course of business consistent with past practices) from Xxxxxx Mae or Xxxxxxx Mac, or other investors acceptable to the Required Lenders in their reasonable discretion, on terms and conditions consistent with the mortgage warehouse line of credit utilized by CMC on the date hereof);
Warehouse Lines. Within thirty (30) days after the Closing Date, the Purchaser shall cause MFG to pay off all of its outstanding warehouse lines up to an aggregate amount of $10,000,000. As used herein, the term “warehouse lines” means MFG’s lines of credit with Georgia Banking Company and Ameris Bank which are primary used to fund the mortgage loans that MFG makes to its customers in the ordinary course of business. In the event Seller and/or any affiliated entity of Seller is a guarantor on any such warehouse lines, Purchaser shall instruct the applicable lenders to terminate all such applicable guarantee agreements of Seller and/or such affiliates. The Purchaser shall cause MFG to remit to the Seller any return of deposits that collateralized the warehouse lines. MFG shall have no duty or responsibility to take any action to obtain such deposits; provided, however, that if any such deposits have not been returned by the Closing Date, Seller, in his position as President of MFG Post-Closing, may continue his efforts to obtain any and all deposits which he deems are refundable, provided it is at no cost to MFG, does not unduly interfere with his performance of employment services for MFG does not involve filing or threatening litigation without the prior written consent of the MFG board of directors or does not adversely impact MFG.
Warehouse Lines. Trade payables of the Borrowers and the Guarantors and their Subsidiaries incurred in the ordinary course of business which are due and payable, and are customarily paid, within sixty (60) days of the incurrence thereof.
Warehouse Lines. 41 10.10 Non-Competition Agreement.....................................41
Warehouse Lines. Upon the request of Purchaser, Seller Group will use commercially reasonable efforts to cause FHLMC to transfer the FHLMC Automated Underwriting System Timesharing Agreement dated June 12, 1997 to Purchaser, to cause Residential Funding Corporation to transfer the Lockpointe Xtra Software Licensing Agreement dated August 20, 1997 and to cause its existing warehouse lenders to transfer Seller's warehouse lines of credit to Purchaser; provided, however, that Seller shall not be so obligated if, in the sole discretion of Seller, Seller determines such effort would (i) adversely affect its ability to sell the Loans in Inventory, or (ii) impair its liquidity position in any material respect; provided, further, Seller's failure to obtain such consents shall not (i) excuse the BNC Parties from any obligations under this Agreement, or (ii) be deemed a failure by Seller to satisfy Section 8.1(b) hereof. In the event such transfers occur prior to Closing, such agreements shall become Assumed Contracts for purposes of this Agreement.
Warehouse Lines. Schedule 3.22 hereto sets forth a list of each Warehouse Line as of January 1, 2001, together with the aggregate discounted principal balance
Warehouse Lines. GSM has in place warehouse lines of credit in the total amount of approximately $________________ which warehouse lines are in force at the date hereof. GSM hereby delivers to IMNF Schedule 3.27 showing the names, locations and amounts of all such warehouse lines of credit.
