Examples of Existing Warehouse Facilities in a sentence
Promptly following the termination of the Existing Warehouse Facilities, the Borrower shall provide the Agent with evidence of such termination along with executed termination statements for the existing UCC financing statements filed in connection with the Existing Warehouse Facilities.
Pursuant to the Novation Agreement, dated as of July 16, 2008 (the “Borrower Novation Agreement”), ALF LP will transfer to WOLT, by novation (such transfer, the “Borrower Novation”), all of ALF LP’s rights and obligations, as the “Borrower” and otherwise, under and in connection with the Existing Warehouse Facilities, including all of ALF LP’s rights and obligations under the Existing Collateral Agency Agreement and the Existing Security Agreement.
The Borrower and the Borrowing Subsidiaries shall pay in full all amounts then outstanding under the Existing Warehouse Facilities, and shall terminate the Existing Warehouse Facilities, on or before the date which is sixty days after the first Advance made under this Agreement.
From and after the date of the initial Advance hereunder, neither the Borrower nor any Borrowing Subsidiary shall make any further borrowings under the Existing Warehouse Facilities.
The Borrower will not enter into or remain a party to, or allow any of its Subsidiaries to enter into or remain a party to, any other similar security agreements for Mortgage Loans not included in Collateral with any Person other than the Collateral Agent; provided that the Borrower and the Borrowing Subsidiaries may remain parties to the security agreements securing the Existing Warehouse Facilities until the date which is sixty days after the first Advance made under this Agreement.