Warehousing Fees. The Company agrees, at the time of each Warehousing Advance, except Warehousing Advances made as part of a Bulk Financing of Mortgage Loans other than Seasoned Mortgage Loans, Nonperforming Mortgage Loans or REO Properties, to pay to the Lender a Warehousing Fee (a) in the case of Advances against Seasoned Mortgage Loans, Nonperforming Mortgage Loans or REO Properties, in the amount of $400, and (b) in any other case, in the amount of $22.00, for each Mortgage Loan pledged as Collateral for such Advance. The Company further agrees, at the time of each Bulk Financing of Mortgage Loans other than Seasoned Mortgage Loans, Nonperforming Mortgage Loans or REO Properties, to pay to the Lender a Warehousing Fee in the amount of $15.00 for each Mortgage Loan pledged as Collateral for such Bulk Financing. Warehousing Fees are due when incurred, but shall not be delinquent if paid within fifteen (15) days after receipt of an invoice or an account analysis statement from the Lender.
Appears in 2 contracts
Samples: Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co)
Warehousing Fees. The Company Borrower agrees, at the time of each Warehousing Advance, except Warehousing Advances made as part of a Bulk Financing of Mortgage Loans other than Seasoned Mortgage Loans, Nonperforming Mortgage Loans or REO Properties, to pay to the Lender a Warehousing Fee (a) in the case of Advances against Seasoned Mortgage Loans, Nonperforming Mortgage Loans or REO Properties, in the amount of $400, and (b) in any other case, in the amount of $22.00, 25 for each Mortgage Loan pledged as Collateral for such Advance. The Company Borrower further agrees, at the time of each Bulk Financing of Mortgage Loans other than Seasoned Mortgage Loans, Nonperforming Mortgage Loans or REO Properties, to pay to the Lender a Warehousing Fee in the amount of $15.00 15 for each Mortgage Loan pledged as Collateral for such Bulk Financing. Warehousing Fees are due when incurred, but shall not be delinquent if paid within fifteen (15) 15 days after receipt of an invoice or an account analysis statement from the Lender.
Appears in 2 contracts
Samples: Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co)
