Warehouse Borrower definition
Examples of Warehouse Borrower in a sentence
The Seller and the Warehouse Borrower shall be deemed to have consented and agreed to Elevation for each of the Closing Date Participations upon the execution of this Agreement.
The Warehouse Borrower acknowledges that from and after the Closing Date it shall have no equitable or beneficial interest in any payment received by it with respect to any Closing Date Participation (other than any accrued and unpaid interest with respect to the period of time prior to and excluding the Closing Date).
If the Warehouse Borrower modifies or amends the standing instructions delivered to the Warehouse Borrower’s custodian on the date hereof in connection with this clause (c), the Warehouse Borrower shall notify the Buyer of such modification or amendment.
The parties hereby agree to treat the transfer of the Closing Date Participations by the Seller or the Warehouse Borrower, as applicable, to the Buyer as a sale and purchase on all of their respective relevant books and records.
The foregoing powers of attorney are hereby declared to be irrevocable and a power coupled with an interest, and shall survive and not be affected by the bankruptcy or insolvency or dissolution of the Seller or the Warehouse Borrower.