Bulk Financing definition

Bulk Financing means Ordinary Warehousing Advances made against a package of ▇▇▇▇▇▇ Mortgage Loans funded with one wire transfer by the Lender, the aggregate amount of which is not less than $5,000,000.
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Examples of Bulk Financing in a sentence

  • 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.

  • 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 Lender a Warehousing Fee in the amount of $15 for each Mortgage Loan pledged as Collateral for such Bulk Financing.

  • 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 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 $25 for each Mortgage Loan pledged as Collateral for such Advance.

  • The Company further agrees, at the time of each Bulk Financing, 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.

  • 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 agrees, at the time of each Warehousing Advance, except Warehousing Advances made as part of a Bulk Financing, to pay to the Lender a Warehousing Fee in the amount of $22.00 for each Mortgage Loan pledged as Collateral for such Advance.

Related to Bulk Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Debt Financing has the meaning set forth in Section 5.7.