Total Warehouse Line Commitment definition

Total Warehouse Line Commitment means the total aggregate principal amount of all Warehouse Line Commitments as determined from time to time in accordance with the provisions of Article 2 and Article 11 of this Credit Agreement, and shall mean One Hundred Forty Million Dollars ($140,000,000.00) to and until the close of business on August 28, 2005, subject to the right of the Company and the Agent in their sole, joint discretion to increase such amount by adding one or more Applicant Financial Institutions as a “Bank” or “Banks” hereunder, or as otherwise permitted under Section 11.1 hereof.
Sample 1
Total Warehouse Line Commitment means the total aggregate principal amount of all Warehouse Line Commitments as determined from time to time in accordance with the provisions of Article 2 and Article 11 of this Credit Agreement, and shall mean, as applicable, either (i) One Hundred Forty Million Dollars ($140,000,000.00) to and until the close of business on March 1, 2005, or (ii) One Hundred Ten Million Dollars ($110,000,000.00) from March 2, 2005 to and until the Termination Date, subject in each case to the right of the Company and the Agent in their sole, joint discretion to increase such amount by adding one or more Applicant Financial Institutions as a “Bank” or “Banks” hereunder, or as otherwise permitted under Section 11.1 hereof.
Sample 1
Total Warehouse Line Commitment means the total aggregate principal amount of all Warehouse Line Commitments as determined from time to time in accordance with the provisions of Article 2 and Article 11 of this Credit Agreement, and shall mean the principal amount of Forty Million Dollars ($40,000,000.00); provided, however, the Company acknowledges and agrees that no Advances of any type shall be requested by the Company or funded by the Agent or the Bank from and after the close of business on May 31, 2010.
Sample 1Sample 2

Examples of Total Warehouse Line Commitment 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.

  • In addition to the foregoing, and notwithstanding anything in this Credit Agreement to the contrary, no amendment, modification or waiver shall increase a Bank's Warehouse Line Commitment without the prior written consent of the Company, the Agent and such Bank; provided, however, the consent of the other Banks shall not be required to implement an increase to the Total Warehouse Line Commitment whether such increase shall be on a temporary or permanent basis.

  • 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.

  • The Total Warehouse Line Commitment is equal to Fifty Million Dollars ($50,000,000.00), as may be increased by the Company and the Agent in their sole, joint discretion by adding one or more Applicant Financial Institutions as a “Bank” or “Banks” hereunder and as may be decreased in accordance with the requirements of Section 11.1 hereof.

  • The Total Warehouse Line Commitment shall be equal to Forty Million Dollars ($40,000,000.00); provided, however, the Company acknowledges and agrees that no Advances of any type shall be requested by the Company or funded by the Agent or the Bank under this Credit Agreement from and after the close of business on May 31, 2010 and shall be available to the Company as Warehouse Advances, Excess Advances and Swing Advances, subject to the terms and conditions hereof.

  • The Total Warehouse Line Commitment is equal to One Hundred Million Dollars ($100,000,000.00) to and until the Termination Date, and shall be available to the Company as Advances, subject to the right of the Agent and the Company in their sole, joint discretion to increase such amount by adding one or more Applicant Financial Institutions as a “Bank” or “Banks” hereunder pursuant to the provisions of Section 11.1 hereof.

  • The Adjusted Tangible Net Worth of the Company shall at all times be greater than the greater of either (i) Ten Million Dollars ($10,000,000.00), or (ii) the amount equal to eight percent (8.0%) of the sum of [a] the Total Warehouse Line Commitment plus [b] the aggregate principal balance of the Company's early purchase credit facilities with Approved Investors.

  • Each Bank's commitment to make Warehouse Advances under this SECTION 2.1 is herein called its "Warehouse Line Commitment" and is set forth opposite its name on SCHEDULE 2.1 attached to this Credit Agreement and the aggregate maximum amount of the Warehouse Line Commitments is herein called the "Total Warehouse Line Commitment".

  • United and Portland jointly and severally agree to pay to the Agent for the benefit of the Banks in proportion to their respective Warehouse Pro Rata Shares, a non-usage fee (the "Non-Usage Fee") computed at the rate of one-eighth of one percent (0.125%) per annum on the amount by which the average monthly Aggregate Outstanding Warehouse Balance is less than fifty percent (50%) of the Total Warehouse Line Commitment.

  • Data from the three-year offset in pharmaceuticals, and the four-year offsets in internet companies and oil and gas come together to suggest a slightly stronger relationship.


More Definitions of Total Warehouse Line Commitment

Total Warehouse Line Commitment means the total aggregate principal amount of all Warehouse Line Commitments as determined from time to time in accordance with the provisions of Article 2 and Article 11 of this Credit Agreement, and shall mean the principal amount of, as applicable, either (i) Fifty Million Dollars ($50,000,000.00) to and until the close of business on January 14, 2010, (ii) Forty Million Dollars ($40,000,000.00) from January 15, 2010 to and until the close of business on February 14, 2010, and (iii) Thirty-Five Million Dollars ($35,000,000.00) from and after February 15, 2010; provided, however, the Company acknowledges and agrees that no Advances of any type shall be requested by the Company or funded by the Agent or the Bank from and after the close of business on March 31, 2010.
Sample 1Sample 2
Total Warehouse Line Commitment means the total aggregate principal amount of all Warehouse Line Commitments as determined from time to time in accordance with the provisions of ARTICLE 2 and ARTICLE 11 of this Credit Agreement, and as of the date hereof, shall mean, as applicable, either (i) the principal amount of One Hundred Twenty-Five Million Dollars ($125,000,000.00) from the date hereof to and until the close of business on August 14, 2003, or (ii) the principal amount of One Hundred Ten Million Dollars ($110,000,000.00) from August 15, 2003 to and until the Termination Date, subject to the right of the Company and the Agent in their sole, joint discretion to increase such amount by adding one or more Applicant Financial Institutions as a "Bank" or "Banks" hereunder, or as otherwise permitted under SECTION 11.1 hereof.
Sample 1
Total Warehouse Line Commitment means Twenty Five Million Dollars ($25,000,000) for the period from the date of the Third Amendment to Loan Documents through November 30, 2002, and Fifteen Million Dollars ($15,000,000) for the period from December 1, 2002 through the Maturity Date.
Sample 1

Related to Total Warehouse Line Commitment

  • 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.

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

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

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

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Applicable Percentage of the total Swing Line Exposure at such time.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • 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).

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

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

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Total Revolving Credit Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.

  • Canadian Commitment means the obligation of the Canadian Lender to (a) make Canadian Loans to the Canadian Borrowers and (b) issue Canadian Letters of Credit for the account of the Canadian Borrowers pursuant to Section 2.03, in an aggregate principal amount at any one time outstanding not to exceed C$15,000,000, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders at such time.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans at such time.