Warehouse Loan definition

Warehouse Loan means a residential mortgage loan evidenced by a Mortgage Note and secured by a Mortgage that is owned by Seller.

Warehouse Loan means a First Lien Loan that (i) the Obligor of which is a special purpose, bankruptcy-remote entity, (ii) is borrowing base driven and such borrowing base is secured by account, lease or loan receivables, (iii) contains financial covenants specific to the Obligor’s liquidity and a minimum of one other financial performance test and (iv) has been approved by the Administrative Agent in its sole discretion.

Warehouse Loan means a Mortgage Loan secured by a mortgage that is owned or was financed under a Warehouse Facility by the Company and is not a Sold Mortgage Loan.

Examples of Warehouse Loan in a sentence

• Borrower, Servicer, Collateral Agent, Standby Servicer, RCC, the Parallel Lenders and the Administrative Agent are parties to that certain Warehouse Loan and Security Agreement, dated as of December 30, 1998 (as heretofore amended, the "Warehouse Agreement").

• All provisions of the Warehouse Loan Agreement, as expressly amended and modified by this Amendment, shall remain in full force and effect.

• Experience and qualifications for the subconsultants must also be included.

• After this Amendment becomes effective, all references in the Warehouse Loan Agreement (or in any other Transaction Document) to the Warehouse Loan Agreement shall be deemed to be references to the Warehouse Loan Agreement as amended hereby.

• The Manager and the Borrower each represent and warrant that its respective representations and warranties contained in Article V of the Warehouse Loan Agreement are true and correct on and as of the date of this Amendment as though made on and as of such date, except to the extent that such representations and warranties expressly relate to an earlier date.

More Definitions of Warehouse Loan

Warehouse Loan means a Residential Mortgage Loan secured by a Mortgage, that, as of the Merger Effective Time, is owned by the Company. Assumption Section 8.13 Assumption Funds Section 8.13 Delaware Litigation Section 8.14 Escrow Agent Section 2.02(f) Escrow Agreement Section 2.02(f) Escrow Funds Section 2.02(f) JPMorgan Chase Section 8.13 JPMorgan Chase Credit Agreement Section 8.13 LSF5 Mortgage Section 8.13 Release Time Section 2.02(f) Stay Release Date Section 8.14 Second Amendment Schedule 14D-9/A Section 2.07 Temporary Restraint Section 10.01(i)

Warehouse Loan means a mortgage loan that (i) is evidenced by a Mortgage Note and secured by a first priority Mortgage on a one-to-four family residential property (or a second priority mortgage loan that was originated concurrently or in conjunction with a first priority mortgage loan) and (ii) is owned by a Selling Company at the time immediately prior to the Closing.

Warehouse Loan means, at any time, a Loan which, at that time, is secured under a Warehouse Facility;

Warehouse Loan means the warehousing credit facility made available to Borrower in accordance with this Agreement.

Warehouse Loan or "Warehouse Loans" shall have the respective meanings set forth in Section 2.01(a) hereof.

Warehouse Loan means a Mortgage Loan that is owned by the Seller as of November 30, 1998 and intended to be but not yet sold to an Investor.

Warehouse Loan means any Mortgage Loan that (i) has been pledged by the Borrower or any of its Subsidiaries as collateral or that secures any warehouse facility or other financing facility used by the Borrower or any of its Subsidiaries or (ii) the Borrower or any of its Subsidiaries has sold to a third party under a Repurchase Agreement.