Examples of Warehouse Loans in a sentence
The origination, sale, and servicing of the Acquired Warehouse Loans comply in all material respects with Applicable Law and Regulations and Investor and Insurer requirements.
Buyer acknowledges and agrees that no policy of insurance relating to the Purchased Assets or the Business will be transferred or assigned pursuant to this Agreement (other than title insurance policies or policies relating exclusively to individual Acquired Warehouse Loans that may be transferred or assigned pursuant to Section 3.02), and that from and after the Closing, Buyer bears the entire, subject to Article X hereof, risk of loss related to the Purchased Assets and the Business.
All loans held for the Company's account, whether or not for future sale or delivery to an investor (the "Warehouse Loans"), are owned by the Company free and clear of any Lien, other than Liens in favor of the Company's lender banks pursuant to warehouse lines of credit and forward sale commitments or similar agreements to sell any such loans to investors in the ordinary course, and all Warehouse Loans meet all requirements for sale to the intended investors.
Except with respect to the Warehouse Loans listed in Schedule 4.02(q)(4), none of the Warehouse Loans provides for recourse to the Selling Companies.
Except as otherwise expressly provided herein, Sellers shall be responsible for all transfer and recording fees, costs with respect to delivery of the custodial and other loan files and mortgage servicing records relating to the Acquired Warehouse Loans and the Pipeline Loans and other related costs incurred by Sellers in their performance of their obligations under this Agreement, together with fees of Sellers' document custodian, attorneys and accountants.