Sublimit C definition

Sublimit C means a portion of the Line of Credit up to but not ---------- exceeding $17,500,000.00 which shall be available to warehouse Sublimit C Mortgage Loans.
Sample 1
Sublimit C to read in its entirety as follows:
Sample 1
Sublimit C means a sublimit for Equipment Advances under the Committed Revolving Line not to exceed $2,000,000. "Sublimit C Amount" means $2,000,000. "Take Out Maturity Date" means June 30, 2004.
Sample 1

Examples of Sublimit C in a sentence

  • Mortgage Loans warehoused under Sublimit C either must be underwritten in accordance with specific Approved Investor guidelines.

  • Lender agrees at any time and from time to time during the Advance Period, to make Sublimit C Advances to Borrower in an aggregate principal amount which, (i) when added to the aggregate principal amount of all other Sublimit C Advances does not exceed the maximum amount of Sublimit C, or (ii) when added to the aggregate principal amount of all other then outstanding Advances does not exceed the Commitment.

  • Within the foregoing limits and subject to the conditions set forth in Article III, Borrower may borrow and reborrow Sublimit C Advances under Section 2.2 and prepay Sublimit C Advances under Section 2.8.

  • Mortgage Loans that initially are funded under Sublimit B are not charged twice when subsequently funded under Sublimit A or Sublimit C.

  • Borrower shall make any reasonable revisions to its warehousing procedures that are necessary to satisfy Lenders operations policies in place at the time of such change, including, if required by Lender, a reduction or termination of Sublimit C and/or furnishing or causing to be furnished to Lender custodial and or intercreditor agreements, in form acceptable to Lender, from Borrower's proposed Certificating Custodian.

  • The aggregate outstanding amount of Tranche A Equipment Advances, Tranche B Equipment Advances, Tranche C Equipment Advances and Tranche D Equipment Advances (including any Advances for Equipment Soft Costs) shall not exceed the Sublimit C Amount.


More Definitions of Sublimit C

Sublimit C means a portion of the Line of Credit up to but not exceeding $27,500,000.00 prior to the Reduction Date or $20,000,000.00 on or after the Reduction Date, which shall be available to warehouse Sublimit C Mortgage Loans.
Sample 1

Related to Sublimit C

  • 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.

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

  • LC Sublimit means $500,000,000.

  • 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.

  • 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.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

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

  • 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.

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

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

  • Foreign Currency Sublimit means $25,000,000.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • 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.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • 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.

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

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Availability Block means $15,000,000.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Facility Limit means $100,000,000 as reduced or increased from time to time pursuant to Section 2.02(e) or 2.02(h), as applicable. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.