Jumbo Advance Sublimit definition

Jumbo Advance Sublimit means an amount equal to Seventy Five Percent (75%) of the Total Warehouse Line Commitment.
Sample 1Sample 2
Jumbo Advance Sublimit means an amount equal to ten percent (10%) of the Total Warehouse Line Commitment. “Government Loan” shall mean a Loan secured by a Government Mortgage (including any FHA Loan or VA Loan which exceeds theFannie Mae or FHLMC guidelines for maximum loan amount).
Sample 1
Jumbo Advance Sublimit means an amount equal to twenty percent (20%) of the Total Warehouse Line Commitment; provided, however, that said sublimit shall be subject to the following further limitations: (i) Advances requested to fund Jumbo Loans with an original principal amount in excess of Seven Hundred Fifty Thousand Dollars ($750,000.00) shall be limited to twenty-four percent (24%) of the Jumbo Advance Sublimit; and (ii) Advances requested to fund Jumbo Loans that are also Wet Loans or Extended Wet Loans shall be limited to thirty percent (30%) of the Jumbo Advance Sublimit.
Sample 1

Examples of Jumbo Advance Sublimit in a sentence

  • Each Bank severally agrees to lend to the Company, and the Company agrees to borrow from each Bank, on the terms and conditions of this Credit Agreement, an aggregate amount not exceeding such Bank’s respective Warehouse Line Commitment, and the aggregate amount of all such Warehouse Line Commitments shall equal the Total Warehouse Line Commitment; provided, however the Total Warehouse Line Commitment includes a Wet Advance Sublimit and a Jumbo Advance Sublimit.


More Definitions of Jumbo Advance Sublimit

Jumbo Advance Sublimit means an amount equal to ten percent (10%) of the Total Warehouse Line Commitment.
Sample 1

Related to Jumbo Advance Sublimit

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Revolving Commitments and $200,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Swingline Sublimit means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • Foreign Currency Sublimit means $100,000,000.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) $100,000,000 and (b) the Aggregate Commitments. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • LC Sublimit means $500,000,000.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $25,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Advance has the meaning given in Section 2.1.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.