Warehouse Facility Entity definition

Warehouse Facility Entity means VCC Capital Source Financing, LLC, a Delaware limited liability company and a direct, wholly owned Subsidiary of the Borrower; provided that (a) such Person shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such Person, and activities incidental thereto, (b) such Person shall not own any material assets other than Mortgage Loans acquired by such Person, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such Person shall not incur any Indebtedness except pursuant to the Warehouse Facility Documentation to which such Person is a party and (d) 100% of the Equity Interests in such Person shall be held directly by the Borrower.
Warehouse Facility Entity has the meaning assigned to such term in the Collateral Agreement.
Warehouse Facility Entity means (i) Velocity Commercial Capital FB Financing, LLC, a Delaware limited liability company and a direct, wholly owned Subsidiary of the Issuer, Velocity Commercial Capital Warehouse 2025, LLC, a Delaware limited liability company and a direct, wholly owned Subsidiary of the Issuer, VCC ND, LLC, a Delaware limited liability company and a direct, wholly owned Subsidiary of the Issuer, or any other direct, wholly owned Subsidiary of the Issuer or of a Guarantor that may enter into a Warehouse Facility from time to time; provided that (a) such entity shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such entity, and activities incidental thereto, (b) such entity shall not own any material assets other than Mortgage Loans acquired by such entity, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such entity shall not incur any Indebtedness except pursuant to the Warehouse Facility Documentation to which such entity is a party and (d) 100% of the Equity Interests in such entity shall be held directly by the Issuer or a Guarantor; and (ii) for the purpose of this clause (ii), so long as it is not a Material Subsidiary, Century Health & Housing Capital, LLC, a Delaware limited liability company and a direct Subsidiary of the Issuer.

Examples of Warehouse Facility Entity in a sentence

  • A-2 Holder: (Prior to Securitization of Note A-1): Grass River Warehouse Facility Entity One, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: Legal Dept.

  • Pursuant to this Section 32 hereof, 3650 REIT Warehouse Facility Entity 2A LLC confirms the continuing applicability of this Agreement to the Note ▇-▇, ▇▇▇▇ ▇-▇, and Note A-4 following the amendment of the original Note A-2, as so modified.

  • On August 17, 2022, 3650 REIT Warehouse Facility Entity 2A LLC (“3650 WFE2A”) formed the Centene REMIC with respect to the Centene Mortgage Loan and other related assets, which issued two regular interests (one of which is referred to herein as the “Centene REMIC Regular Interest”), and a single uncertificated residual interest (the “Centene REMIC Residual Interest”).

  • Pursuant to this Section 32 hereof, 3650 REIT Warehouse Facility Entity 2A LLC confirms the continuing applicability of this Agreement to the Note A-2, Note A-3, and Note A-4 following the amendment of the original Note A-2, as so modified.

  • ASSIGNOR: Name: Title: ASSIGNEE: Name: Title: ACCEPTED BY ADMINISTRATIVE AGENT: By: Name: Title: Name of Assignor Name of Assignee Date of Replacement Promissory Note B Outstanding Principal Balance of Replacement Promissory Note B on Effective Date Pro Rata Share of Replacement Promissory Note B Notice Address(es) for Assignee Grass River Warehouse Facility Entity Two, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: ▇▇▇▇ ▇.

  • ASSIGNOR: By: Name: Title: ASSIGNEE: By: Name: Title: ACCEPTED BY ADMINISTRATIVE AGENT: By: Name: Title: Name of Assignor Name of Assignee Date of Replacement Promissory Note B Outstanding Principal Balance of Replacement Promissory Note B on Effective Date Pro Rata Share of Replacement Promissory Note B Notice Address(es) for Assignee Grass River Warehouse Facility Entity Two, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: ▇▇▇▇ ▇.

  • Neither the Borrower nor any of the Restricted Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result in the separate legal existence of any Warehouse Facility Entity or Securitization Entity being ignored, or in the assets and liabilities of any Warehouse Facility Entity or Securitization Entity being substantively consolidated with those of any other Person in a bankruptcy, reorganization or other insolvency proceeding.

  • ASSIGNOR: By: Name: Title: ASSIGNEE: By: Name: Title: ACCEPTED BY ADMINISTRATIVE AGENT: Name: Title: Authorized Signatory By: Name: Title: Authorized Signatory Name of Assignor Name of Assignee Date of Note Outstanding Principal Balance of Note on Effective Date Pro Rata Share of Note Notice Address(es) for Assignee EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES Grass River Warehouse Facility Entity One, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: ▇▇▇▇ ▇.

  • ASSIGNOR: Name: Title: ASSIGNEE: Name: Title: ACCEPTED BY ADMINISTRATIVE AGENT: By: Name: Title: Name of Assignor Name of Assignee Date of Replacement Promissory Note B Outstanding Principal Balance of Replacement Promissory Note B on Effective Date Pro Rata Share of Replacement Promissory Note B Notice Address(es) for Assignee EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES Grass River Warehouse Facility Entity Two, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: ▇▇▇▇ ▇.


More Definitions of Warehouse Facility Entity

Warehouse Facility Entity means VCC Capital Source Financing, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, Velocity ABF, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, or any other direct, wholly owned subsidiary of the Issuer that may enter into a Warehouse Facility from time to time; provided that (a) such entity shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such entity, and activities incidental thereto, (b) such entity shall not own any material assets other than Mortgage Loans acquired by such entity, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such entity shall not incur any Indebtedness except pursuant to the Warehouse Facility Documentation to which such entity is a party and (d) 100% of the Equity Interests in such entity shall be held directly by the Issuer.
Warehouse Facility Entity means VCC Capital Source Financing, LLC, a Delaware limited liability company and a direct, wholly owned Subsidiary of the Borrower; provided that (a) such Person shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such Person, and activities incidental thereto, (b) such Person shall not own any material assets other than Mortgage Loans acquired by such Person, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such Person shall not incur any Indebtedness except pursuant to the Warehouse Facility
Warehouse Facility Entity means VCC Capital Source Financing, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, Velocity ABF, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, VCC ND, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, or any other direct, wholly owned subsidiary of the Issuer that may enter into a Warehouse Facility from time to time; provided that (a) such entity shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such entity, and activities incidental thereto, (b) such entity shall not own any material assets other than Mortgage Loans acquired by such entity, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such entity shall not incur any Indebtedness except pursuant to the Warehouse Facility Documentation to which such entity is a party and (d) 100% of the Equity Interests in such entity shall be held directly by the Issuer.