Scheduled Indebtedness shall have the meaning set forth in Section 10(n) of the Agreement.
Scheduled Indebtedness means all Indebtedness incurred under the Existing Facility or listed on Schedule B.
Scheduled Indebtedness has the meaning set forth in Section 2.06(b).
Examples of Scheduled Indebtedness in a sentence
Without giving prompt notice thereof to Buyer, Seller shall not incur any additional warehouse funding or similar indebtedness, or any other secured indebtedness in excess of [*] (other than the Scheduled Indebtedness listed under the definition thereof).
As of the Agreement Date, the Parent, the Borrower, the other Loan Parties and the other Subsidiaries have performed and are in compliance with all of the material terms of such Scheduled Indebtedness and all instruments and agreements relating thereto, and, as of the Agreement Date, no default or event of default, or event or condition which with the giving of notice, the lapse of time, or both, would constitute a default or event of default, exists with respect to any such Scheduled Indebtedness.
The financial covenants hereunder are at least equal to those Seller makes under each of its Scheduled Indebtedness.
As of the Agreement Date, no monetary default exists under any Scheduled Indebtedness that is Nonrecourse Indebtedness and none of the Parent, the Borrower, the other Loan Parties, the other Subsidiaries, the Consolidated Affiliates or Unconsolidated Affiliates has received notice of any other default under any such Indebtedness.
As of the Agreement Date, no monetary default exists under any Scheduled Indebtedness that is Nonrecourse Indebtedness and none of the Parent, the Borrower, the other Loan Parties, the other Subsidiaries or Unconsolidated Affiliates has received notice of any other default under any such Indebtedness.
More Definitions of Scheduled Indebtedness
Scheduled Indebtedness means the aggregate amount of Indebtedness of the Company and its Subsidiaries as of the Closing Date hereof plus any prepayment penalties required in connection with the repayment of such Indebtedness on the Closing Date, which Indebtedness and prepayment penalties have been identified on Schedule 3.4 hereto.
Scheduled Indebtedness means the Indebtedness of Seller set forth on Schedule 4 hereto, in each case, as increased, extended, amended, modified, supplemented or restated from time to time, including Indebtedness under the Second Amended and Restated Mortgage Warehousing Agreement dated June 24, 2016 with Comerica Bank, as agent, and the other lenders party thereto (as the same may be amended, modified, supplemented or restated from time to time, the “Warehousing Agreement”).
Scheduled Indebtedness shall have the meaning set forth in Section 11(n) of the Agreement. “Scheduled Payment” shall mean, with respect to any Mortgage Loan, the regular monthly payment due to the Mortgagor on the [*] of each month and with respect to each other Mortgage Loan, the regular monthly payment due to the mortgagee with respect to such Mortgage Loan. “Scratch & Dent Loan” shall mean a Mortgage Loan that contains certain underwriting errors or other defects disclosed by Seller to Buyer in the related Transaction Request and approved by Buyer in its sole discretion (collectively, the “Enumerated Defect”) and that is otherwise acceptable to Buyer in its sole discretion. “SEC” shall have the meaning set forth in Section 33 of the Agreement.
Scheduled Indebtedness means the Indebtedness described on Schedule 1.01(C). “SEC” means the Securities and Exchange Commission or any other similar or
Scheduled Indebtedness shall have the meaning set forth in Section 11(n) of this Agreement. “SEC” shall have the meaning set forth in Section 33 of this Agreement. “Section 4402” shall have the meaning set forth in Section 30 of this Agreement. “Section 7 Certificate” shall have the meaning set forth in Section 7(e)(ii) of this Agreement. “Seller” shall mean Finance of America Reverse LLC, a Delaware limited liability company, or any successor in interest thereto. “SIPA” shall have the meaning set forth in Section 33 of this Agreement. “Subsidiary” shall mean, with respect to any Person, any corporation, partnership or other entity of which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation, partnership or other entity (irrespective
Scheduled Indebtedness shall have the meaning set forth in Section 11(n) of this Agreement. “SEC” shall have the meaning set forth in Section 33 of this Agreement. “Section 4402” shall have the meaning set forth in Section 30 of this Agreement. “Section 7 Certificate” shall have the meaning set forth in Section 7(e)(ii) of this Agreement. “Seller” shall mean Finance of America Reverse LLC, a Delaware limited liability company, or any successor in interest thereto. “SIPA” shall have the meaning set forth in Section 33 of this Agreement. “SOFR” shall mean a rate per annum equal to the secured overnight financing rate as administered by the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate) on its website. “Subsidiary” shall mean, with respect to any Person, any corporation, partnership or other entity of which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation, partnership or other entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting
Scheduled Indebtedness shall have the meaning set forth in Section 11(n) of the Agreement. “Scheduled Payment” shall mean, with respect to any Mortgage Loan, the regular monthly payment due to the Mortgagor on the [*] of each month and with respect to each other Mortgage Loan, the regular monthly payment due to the mortgagee with respect to such Mortgage Loan. “SEC” shall have the meaning set forth in Section 33 of the Agreement. “Section 4402” shall have the meaning set forth in Section 30 of the Agreement. “Section 7 Certificate” shall have the meaning set forth in Section 7(e)(ii) hereof. “Seller” shall mean Finance of America Reverse LLC, a Delaware limited liability company, or any successor in interest thereto. “Servicer” shall have the meaning set forth in Section 16(b) of the Agreement. “Servicer Notice” shall mean to the extent applicable, the notice acknowledged by the third party Servicer substantially in the form of Exhibit C hereto. “Servicing Advances” shall mean any and all customary, reasonable and necessary “out of pocket” costs and expenses (including reasonable attorneys’ fees and disbursements) incurred in the performance by the Servicer of its servicing obligations, including, but not limited to, the cost of (a) to the extent required under the Servicing Agreement, field visits, property inspections, appraisals and broker price opinions, (b) the preservation, restoration and protection of the Mortgaged Property, (c) any enforcement or administrative or judicial proceedings, including foreclosures, (d) the management and liquidation of the Mortgaged Property if the Mortgaged Property is acquired in satisfaction of the Mortgage, (e) other fees of foreclosure or of acquiring title to the Mortgaged Properties by deed in lieu of foreclosure and industry standard costs, fees and expenses of the conveyance of the Mortgaged Properties pursuant to the terms of the Servicing Agreement, (f) taxes, ground rents and other charges which are or may become a lien upon the Mortgaged Property, (g) mortgage insurance premiums and fire and hazard insurance premiums and (h) compliance with the obligations pursuant to Applicable Requirements. “Servicing Agreement” shall mean the servicing agreement in effect with respect to such Purchased Mortgage Loan, as modified by the Servicer Notice.