Warehouse Indebtedness definition

Warehouse Indebtedness means Indebtedness in connection with a Warehouse Facility; provided that the amount of any particular Warehouse Indebtedness as of any date of determination shall be calculated in accordance with GAAP.

Warehouse Indebtedness means Indebtedness of Seller in connection with any repurchase, warehouse, gestation, early purchase or similar facility.

Warehouse Indebtedness means Indebtedness in connection with a Warehouse Facility; the amount of any particular Warehouse Indebtedness as of any date of determination shall be calculated in accordance with GAAP.

Examples of Warehouse Indebtedness in a sentence

• Seller’s ratio of Warehouse Indebtedness (excluding Nonrecourse Debt and all HMBS security obligations and any other securitization obligations of Seller and excluding all Indebtedness that is not reflected on the Seller’s financial statements) to Adjusted Tangible Net Worth has not exceeded 10:1 for the calendar month ending [DATE].

• For purposes of the limitation on additional indebtedness set forth in this Section 7(d), Indebtedness for Money Borrowed shall not include Warehouse Indebtedness, and in calculating the Consolidated Net Worth for purposes of this Section 7(d), Warehouse Indebtedness shall not be included as a liability.

• All Loans the proceeds of which are used for the purposes described in clause 1 of Section 2.08 of this Agreement constitute Permitted Warehouse Indebtedness (as defined in the EGI Note Indenture).

• For purposes of the limitation on additional indebtedness set forth in this Section 1008, Indebtedness for Borrowed Money shall not include the "Warehouse Indebtedness," and in calculating the Consolidated Net Worth for purposes of this Section 1008, Warehouse Indebtedness shall not be included as a liability.

• The Borrower shall not engage any Person (other than the Borrower or any of its Restricted Subsidiaries) as servicer with respect to assets subject to any Permitted Securitization Indebtedness or Permitted Warehouse Indebtedness unless such Person has a servicer rating by a nationally recognized statistical rating organization (which, for the avoidance of doubt, includes S&P, Xxxxx’x and Xxxxx Ratings).

More Definitions of Warehouse Indebtedness

Warehouse Indebtedness. Indebtedness in connection with a Warehouse Facility; provided that the amount of any particular Warehouse Indebtedness as of any date of determination shall be calculated in accordance with GAAP.

Warehouse Indebtedness means the greater of (x) the consideration received by the Company or its Subsidiaries under a Warehouse Facility and (y) in the case of a Purchase Facility, the book value of the Receivables financed under such Warehouse Facility until such time as such Receivables are (i) securitized, (ii) repurchased by the Company or its Subsidiaries or (iii) sold by the counterparty under the Warehouse Facility to a Person who is not an Affiliate of the Company.

Warehouse Indebtedness 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 Receivables financed under such Warehouse Facility, until such time such 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.

Warehouse Indebtedness means advances outstanding to the borrower under a Warehouse Facility.

Warehouse Indebtedness means 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 Receivables financed under such Warehouse Facility until such time as such 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.

Warehouse Indebtedness means Indebtedness for Money Borrowed outstanding under the warehouse line of credit which line of credit the Maker has in place on the date of this Note and any replacement or additional facility under which the Maker borrows money against contracts held for sale, pending their sale in securitization transactions.

Warehouse Indebtedness has the meaning assigned to such term in the Collateral Agreement.