Warehouse Asset definition

Warehouse Asset has the meaning specified in Section 2.14(a)(iii).
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Warehouse Asset means any loan owned or for which the Borrower has entered into a commitment to purchase.
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Warehouse Asset means the partnership interest in a Project Partnership owned directly or indirectly by a Warehousing Entity.
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Examples of Warehouse Asset in a sentence

  • The Administrative Agent shall have the right to approve or reject any Approval Request in its sole discretion and to request additional information regarding any proposed Warehouse Asset.

  • Each Borrowing Request shall include a statement with respect to each Warehouse Asset to which it relates indicating whether or not the seller of such Warehouse Asset is the Administrative Agent or any of its Affiliates.

  • If any Warehouse Asset is Liquidated by the Borrower or the Borrower receives any repayment of principal in respect of any Warehouse Asset, the proceeds thereof shall be applied in accordance with Article VI of the Security Agreement.

  • The Borrower may transfer or contribute Warehouse Assets to a Designated Subsidiary in anticipation of a Permitted CLO and, if directed by the Warehouse Collateral Manager with notice to the Administrative Agent and the Collateral Agent, cause the settlement of a Borrower Party’s purchase of a Warehouse Asset into a Designated Subsidiary.

  • Any approval may be withdrawn at any time prior to the time at which the applicable Borrower Party actually becomes obligated to purchase or enter into documents governing such proposed Warehouse Asset by written notice (including via e-mail) of such withdrawal from the Administrative Agent to the Warehouse Collateral Manager.

  • With respect to each Warehouse Asset, as of the date on which a Borrower Party entered into an irrevocable commitment to purchase it, such Warehouse Asset satisfies the Eligibility Criteria and the Concentration Limits set forth in Exhibit B.

  • For the avoidance of doubt, the Administrative Agent may not withdraw any such approval after the applicable Borrower Party has entered into an irrevocable commitment to acquire such proposed Warehouse Asset.

  • If the Administrative Agent has rejected an Approval Request, or withdrawn or withheld its approval of any such request, then the applicable Borrower Party shall not be authorized to purchase such proposed Warehouse Asset.

  • The Warehouse Collateral Manager, on behalf of the Borrower, shall direct whether an Advance made to the Borrower shall be used for the purchase of a Warehouse Asset directly by the Borrower or a Designated Subsidiary.

  • Pursuant to the Credit Agreement, you are hereby notified that the Borrower hereby requests consent to acquire the proposed Warehouse Asset set forth below.


More Definitions of Warehouse Asset

Warehouse Asset means any loan or bond owned or for which the Borrower has entered into a commitment to purchase. Warehouse Assets shall also include any loan or bond that has been transferred or otherwise contributed by the Borrower to a Designated Subsidiary but only for so long as such Designated Subsidiary is subject to the Credit Documents. All Warehouse Assets shall be identified by the Warehouse Collateral Manager to the Administrative Agent and the Collateral Agent (which identification may be made by e-mail) as relating to a Borrower Party at the time of purchase.
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Warehouse Asset means any loan (or following the Restricted Bond Period, if any, any bond) owned or for which the Borrower has entered into a commitment to purchase. Warehouse Assets shall also include any loan (or following the Restricted Bond Period, if any, any bond) that has been transferred or otherwise contributed by the Borrower to a Designated Subsidiary but only for so long as such Designated Subsidiary is subject to the Credit Documents. All Warehouse Assets shall be identified by the Warehouse Collateral Manager to the Administrative Agent and the Collateral Agent (which identification may be made by e-mail) as relating to a Borrower Party at the time of purchase.
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Warehouse Asset means any asset used or useful for a Permitted Business (including Capital Stock or other securities of any Person primarily engaged in a Permitted Business); provided such asset is acquired by the Issuer or any of its Subsidiaries with a view (at the time of such acquisition) to disposing of it within 15 months of acquisition.
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Related to Warehouse Asset

  • Warehouse Facility means any bank credit agreement, repurchase agreement or other credit facility entered into to finance the making of Mortgage loans originated by the Company or any of its Subsidiaries.

  • Securitization Property means the property described in section 10j.

  • Warehouse receipt means a document of title issued by a person engaged in the business of storing goods for hire.

  • School vehicle means any school bus, school van, other school vehicle and private vehicle used to transport students or staff members to and from school or any school-sponsored activity or event.

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.