Examples of Warehouse Facility Agent in a sentence
To facilitate the carrying out of the Closed-End Collateral Agent’s duties under this Collateral Agency Agreement, each Warehouse Facility Lender and Warehouse Facility Agent hereby appoints the Deal Agent as its agent and representative to act on its behalf in relation to the Closed-End Collateral Agent and the Closed-End Administrative Agent under this Collateral Agency Agreement, each Collateral Document and the Titling Trust Agreement.
Preference Shares Preference Shares valuation guidelines would be as follows: a.
In the event of a Default or Event of Default under the CP Facility, or an Event of Default under the Warehouse Facility, the Servicer agrees, upon the written request of the Warehouse Facility Agent or the CP Facility Agent, as applicable, to notify all Take-Out Investors in writing to redirect their payments to a segregated account identified by the Warehouse Facility Agent (in the case of the Warehouse Facility) or the Collection Account (in the case of the CP Facility).
In the event that a dispute as to the allocation or disposition of any of the funds in the Cash and Collateral Account shall arise which cannot be resolved in good faith by mutual agreement between the Warehouse Facility Agent, the CP Facility Agent, PMC, PFI and the Collateral Agent, then any of the Warehouse Facility Agent, the CP Facility Agent, PMC, PFI and the Collateral Agent may apply for resolution of such dispute to any court of competent jurisdiction.
In the event any Warehouse Facility Agent (or other Warehouse Facility Secured Party) provides information to the Closed-End Collateral Agent contrary to the information provided by any other Warehouse Facility Agent (or other Warehouse Facility Secured Party), the Closed-End Collateral Agent shall have the right to seek instructions from any court of competent jurisdiction concerning any distribution hereunder.
The parties hereto expressly acknowledge and consent to Bank One acting in the multiple capacities of Account Bank on the Cash and Collateral Account, as a Bank under the Loan Agreement and as Warehouse Facility Agent under the Warehouse Agreement.
Other than as described in the preceding sentence and notwithstanding any other provision of this Agreement, the Collateral Agent shall have no right to take any action in respect of the funds on deposit from time to time in the Cash and Collateral Account other than as authorized by the Warehouse Facility Agent or the CP Facility Agent pursuant to the terms of this Agreement.
Each of the Warehouse Facility Agent and the Warehouse Lenders hereby agrees that it shall not contest or challenge, or join any other Person in contesting or challenging, the validity, enforceability, priority or perfection of the security interest of the CP Facility Agent and the CP Lenders in the "Collateral Proceeds" under and as defined in the Loan Agreement.
As such, each of PMC, PMI, the Collateral Agent, the Warehouse Facility Agent, the CP Facility Agent and the Account Bank hereby agrees that the Account Bank will comply with instructions originated by the Collateral Agent directing the disposition of funds in the Cash and Collateral Account from time to time without further consent of PMC or PFI.
PMC, an originator of mortgage loans, has entered into a Third Amended and Restated Revolving Credit Agreement, dated as of March 31, 2000, as amended from time to time (the "Warehouse Agreement") with the Warehouse Facility Agent and certain lenders named therein (the "Warehouse Lenders"), pursuant to which the Warehouse Lenders have agreed to make loans to PMC, secured by mortgage loans (the "Warehouse Facility").