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 by the Borrower as of such date of determination or for which the Borrower has entered into a commitment to purchase.
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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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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  • If the Administrative Agent has rejected an Approval Request, or withdrawn or withheld its approval of any such request, then the applicable Borrower Party shall not be authorized to purchase such proposed Warehouse Asset.

  • 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 Lessee agrees not to terminate, modify or amend the Sublease Agreement or any of the terms thereof, or grant any concessions in connection therewith, either orally or in writing, or to accept a surrender thereof, without the prior written consent of the Agency, and any attempted termination, modification or amendment of the Sublease Agreement without such written consent shall be null and void.

  • Therefore condition 1(a)ii is met too.G– 1b: Consider the first rule.

  • The failure of any representation or warranty to be true (when made or at any time thereafter) with respect to any Receivable or other Warehouse Asset.

  • 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.

  • 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.

  • 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 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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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 the partnership interest in a Project Partnership owned directly or indirectly by a Warehousing Entity.
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Related to Warehouse Asset

  • Warehouse Facility means any funding arrangement, other than a Credit Facility, a Securitization or a Residual Funding Facility, with a financial institution or other lender or purchaser under which advances are made to a Warehouse Trust to the extent (and only to the extent) funding thereunder is used exclusively by the Warehouse Trust to purchase Receivables from the Company or a Restricted Subsidiary and to pay the related expenses with respect to the Warehouse Trust.

  • 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.

  • Fleet Vehicle means one of a large group of New Vehicles sold to a Person (e.g., a rental car agency) which purchases in excess of ten (10) Vehicles per purchase contract for commercial use.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility

  • Bi-fuel vehicle means a vehicle with two separate fuel storage systems that can run part-time on two different fuels and is designed to run on only one fuel at a time;

  • Portfolio Asset means an asset of an investment fund;

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

  • goods vehicle means a motor vehicle constructed or adapted for use for the carriage of goods or burden of any description or a trailer so constructed or adapted;

  • Transit vehicle means a bus, rapid transit vehicle, railroad car, street railway car, water vehicle, taxicab, or other type of public transportation vehicle or individual unit, whether operated singly or in a group that provides public transportation.

  • Tank vehicle means a commercial motor vehicle that is designed to transport any liquid or gaseous materials within a tank or tanks having an individual rated capacity of more than one hundred nineteen gallons and an aggregate rated capacity of one thousand gallons or more that is either permanently or temporarily attached to the vehicle or chassis. A commercial motor vehicle transporting an empty storage container tank not designed for transportation with a rated capacity of one thousand gallons or more that is temporarily attached to a flatbed trailer is not considered a tank vehicle.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Covered Vehicle means a private passenger vehicle (including mini-vans, pickup trucks and sport utility vehicles) which is registered or rented to You during Your Trip, which is rated ¾ ton in weight or less, not used for racing, dealer services, dealer loaners, taxi, limousine, shuttle, delivery, hauling, towing, road repair service, construction service, snow removal, or as a public livery vehicle, or any other commercial use.

  • Shared vehicle means a vehicle that is available for

  • Subject Vehicle means the vehicle being tested.

  • Low-speed vehicle means any four-wheeled electrically-powered vehicle, except a motor vehicle or

  • Custom vehicle means a motor vehicle other than a motorcycle that:

  • Leased Vehicle means a new or used Nissan or Infiniti automobile, sport utility vehicle, minivan or light-duty truck, together with all accessories, parts and additions constituting a part thereof, and all accessions thereto, leased to a Lessee pursuant to a Lease.

  • Warehouse Lender means any lender providing financing to Seller for the purpose of warehousing, originating or purchasing a Mortgage Loan, which lender has a security interest in such Mortgage Loan to be purchased by Purchaser.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Securitization Assets means the accounts receivable, royalty and other similar rights to payment and any other assets related thereto subject to a Qualified Securitization Facility that are customarily sold or pledged in connection with securitization transactions and the proceeds thereof.