Warehouse Debt means Indebtedness of the Company or a Restricted Subsidiary equal to the greater of (x) the consideration received by the Company or its Restricted Subsidiaries under a Warehouse Facility and (y) in the case of a Purchase Facility, the book value of the Eligible Receivables financed under such Warehouse Facility, until such time as such Eligible Receivables are (i) securitized, (ii) repurchased by the Company or its Restricted Subsidiaries or (iii) sold by the counterparty under the Warehouse Facility to a Person who is not an Affiliate of the Company, including any Guarantees issued by the Company or a Restricted Subsidiary in connection therewith.
Warehouse Debt means Indebtedness of AHLHC, whether or not it is recourse, that is secured or otherwise backed by Party B’s mortgage loans, mortgage-backed securities or other mortgage assets, and that is used generally by Party B to provide it with financing or liquidity for the origination or acquisition by it of mortgage loans, mortgage-backed securities or other mortgage assets in Party B’s ordinary course of business.
Warehouse Debt means Debt incurred by the Company or a Restricted Subsidiary under a Warehouse Facility. Warehouse Debt under any Warehouse Facility shall be deemed to equal the principal amount of such Debt or, if less, the book value of the Receivables pledged under such Warehouse Facility to secure such Warehouse Debt.
Examples of Warehouse Debt in a sentence
However, this may not necessarily be the case as the Warehouse Debt Provider is under no contractual obligation to hedge its exposure under the Warehouse TRS.
The Warehouse Debt Provider may use the Warehoused Assets to hedge its exposure under the Warehouse TRS, in which case it is anticipated that the Warehoused Assets and the reference obligations under the Warehouse TRS will be largely identical.
The selection and inclusion of reference obligations under the Warehouse TRS is subject to the consent of the Warehouse Debt Provider.
A policy on blood-borne diseases should provide guidelines for dealing with situations where there is an increased risk of transmission.
On the Issue Date, the Issuer will apply part of the proceeds of the issuance of the Notes to repay the financing provided by the Warehouse Debt Provider and the Warehouse Arrangements will be terminated.
More Definitions of Warehouse Debt
Warehouse Debt means Indebtedness of the Company or a Restricted Subsidiary of the Company equal to the greater of (x) the consideration received by the Company or its Restricted Subsidiaries under a Warehouse Facility and (y) in the case of a Purchase Facility, the book value of the Eligible Receivables financed under such Warehouse Facility, until such time as such Eligible Receivables are (i) securitized, (ii) repurchased by the Company or its Restricted Subsidiaries or (iii) sold by the counterparty under the Warehouse Facility to a Person who is not an Affiliate of the Company, including any Guarantees issued by the Company or a Restricted Subsidiary of the Company in connection therewith.
Warehouse Debt shall have the meaning set forth in Section 6.1(b)(iv).
Warehouse Debt means, at any time, Indebtedness of the Company and its Subsidiaries outstanding under the Warehouse Facilities, including without limitation, the repurchase price of any Auto Receivables sold to any other Person pursuant to the terms of any of the Warehouse Facilities.
Warehouse Debt and "Warehouse Facility" set forth below:
Warehouse Debt means the aggregate amount of credit, committed and uncommitted, available to Seller through warehouse lines of credit, repurchase facilities or similar mortgage finance arrangements.
Warehouse Debt means Indebtedness incurred by any Special Purpose Funding Corporation to finance the purchase of Notes Receivable from Trendwest or any of its Subsidiaries.
Warehouse Debt. In the case of a Purchase Facility, Indebtedness of the Company or any Subsidiary equal to the greater of (x) the amount received by the Company or any Subsidiary under such Purchase Facility and (y) the book value of the Eligible Receivables or Servicing Rights financed under such Purchase Facility, until such time as such Eligible Receivables or Servicing Rights are (i) securitized, (ii) repurchased by the Borrower or any Subsidiary, or (iii) sold by the counterparty under the Purchase Facility to a Person who is not an Affiliate of the Borrower, including any Guarantees issued by the Borrower or any Subsidiary in connection therewith. In the case of a Warehouse Facility which is not a Purchase Facility, the amount received by the Company or any Subsidiary under such Warehouse Facility.