Warehouse Account definition

Warehouse Account has the meaning ascribed thereto in Section 2(A) below.
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Warehouse Account means a demand deposit account established by the Borrower with the Custodian into which proceeds of a Loan may be deposited and from which Mortgage Loan proceeds may be disbursed, in accordance with instructions from the Borrower to the Custodian, directly to the Closing Agent in connection with the settlement of Mortgage Loans.
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Warehouse Account means a non-interest bearing deposit account established by Associates with Administrative Agent, styled and numbered "AMFC Warehouse Borrowing Account," Account No. 1885162402, for deposit of Warehouse Borrowings, funding of advances to Ryland under the Intercompany Note, deposit of payments on the Intercompany Note, and deposit of payments of the Obligation related to Warehouse Borrowings.
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Examples of Warehouse Account in a sentence

  • Without limiting the generality of the foregoing, in the event that a Margin Call or other Default exists, Buyer shall be entitled to use any or all of the amounts on deposit in any Warehouse Account to cure such circumstance or otherwise exercise remedies available to Buyer without prior notice to, or consent from, Seller.

  • Where a credit balance has arisen on a Utility Warehouse Account wholly or mainly as a result of Cashback credited to the account, refund cheques will only be issued by Utility Warehouse on request once the credit balance exceeds £50 due to the high administration costs involved.

  • In the event that the Utility Warehouse Account application is declined then you will not receive a Card.

  • The aggregate Bear Xxxxxxx Purchase Price for all Capital Securities held in the Warehouse Account and Escrow Account (the “Combined Purchase Price”) shall not at any time exceed $500,000,000.

  • To the extent that the amount of funds to be provided by the Lenders are insufficient to close and fund the applicable Wet Mortgage Loan, the Custodian shall transfer from the Operating Account to the Warehouse Account sufficient additional funds, and the Custodian will not initiate a wire transfer of funds to the applicable Wet Closing Agent until sufficient additional funds are on deposit in the Warehouse Account.

  • To the extent that the amount of funds to be provided by the Lenders exceeds the amount needed to close and fund the applicable Mortgage Loan, the Custodian shall transfer the excess amount from the Warehouse Account to the Operating Account for use by the Borrower.

  • On the date of the requested Wet Loan, the Agent shall, subject to the next sentence, wire transfer to the Warehouse Account the requested Loan amount and direct the Custodian to wire transfer such amounts to the Closing Agent account designated in the applicable Mortgage Loan Schedule.

  • Company Details: Company Registration Number: Company Legal Address: Company Phone Number: Corporate E-mail: Company Person of Reference: Import and Export Licence No.: Warehouse Account No: (if any) Specify if it is Stenweg , Manica, Bollore etc .

  • Each Party shall procure that its relevant systems used in providing the Services, including in the case of the Warehouse the Warehouse Account System, continue to be supported for the Term, unless otherwise agreed in writing with the other Parties.

  • Warehouse will maintain the Warehouse Account System as establishing a single authoritative record from time to time of the Warehouse Participants on whose behalf Digital Currency is held through the Warehouse Account System (and the respective positions of such persons), including records identifying all Internal Transfers among the accounts of such persons and all External Transfers to or from the accounts of such persons.


More Definitions of Warehouse Account

Warehouse Account means a non-interest bearing deposit account established by Borrower with Agent -- styled and numbered "Matrix Funding Account," Account No. 1886479326 -- for deposit of Warehouse Borrowings.
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Warehouse Account means a non-interest bearing deposit account established by Associates with Agent -- styled and numbered "AMFC Warehouse Borrowing Account," Account No. 1885162402 -- for deposit of Warehouse Borrowings, funding of advances to Xxxxxx under the Intercompany Note, deposit of payments on the Intercompany Note, and deposit of payments of the Obligation related to Warehouse Borrowings. Warehouse Borrowing means (a) a Borrowing (that may be a Gestation Borrowing, Wet Borrowing, or Dry Borrowing) that is advanced by one or more Lenders, not necessarily in accordance with their Commitment Percentages may never exceed the Warehouse Sublimit, and is supported by the Borrowing Base for Mortgage Collateral, (b) that is advanced to Associates under this agreement, and (c) that is to be advanced to Xxxxxx under the Intercompany Note by the next Business Day for Xxxxxx to originate or acquire Mortgage Loans until they are sold in the secondary market. Warehouse Obligation is defined in Section 4.1(a).
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Warehouse Account. Each account established by the Warehouse Collateral Administrator under the Warehouse Collateral Administration Agreement, including the Interest Account and the Principal Account.
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Warehouse Account has the meaning assigned to such term in Section 2.
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Warehouse Account means the interest bearing account(s) of the Issuer held with the Account Bank into which the proceeds from the Remaining Warehouse Assets shall be paid;
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Warehouse Account means, as applicable, a Trust Account, a Reserve Account or a Private Account; “Warehouse Accounts” means, collectively, the Trust Accounts, the Reserve Accounts and the Private Accounts.
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Related to Warehouse Account

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Note Account As defined in the Indenture.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Holding Account means an account:

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Collection Accounts As defined in Section 3.10(a).

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.