Warehouse Period means, for any Eligible Loan, the maximum number of days a Warehousing Advance against that type of Eligible Loan may remain outstanding as set forth in Exhibit H.
Warehouse Period means (a) with respect to a Pledged Mortgage Loan which is a Wet Funded Loan, seven (7) Business Days, (b) with respect to a Conforming Mortgage Loan which is not a Wet Funded Loan, ninety (90) days, and (c) with respect to a Jumbo Mortgage Loan which is not a Wet Funded Loan, sixty (60) days.
Warehouse Period means, for any Eligible Loan, the maximum period a Warehousing Advance or Warehousing Advances may remain outstanding as set forth in Exhibit E.
Examples of Warehouse Period in a sentence
The Crowntree Warehouse Period is hereby extended to March 3, 2020 (the “ Crowntree Ninety-Day Extension”).
The Company shall pay to Lender all Loans, including interest, fees and charges accrued and unpaid thereon, within the Permissible Warehouse Period.
If Lender, in its sole discretion, elects to extend the Warehouse Period for any Pledged Investment, Borrower shall pay Lender, on the effective date of such extension, an Extension Fee in such amount as mutually agreed upon between Lender and Borrower.
The Crowntree Warehouse Period is hereby extended to December 4, 2019 (the “ Crowntree Ninety-Day Extension”).
In the event any Loan remains outstanding after the Permissible Warehouse Period has ended, such Loan will be immediately due and payable.
More Definitions of Warehouse Period
Warehouse Period means, for any Mortgage Loan, the period ---------------- commencing on the Advance Date for such Mortgage Loan and ending on the first to occur of: (i) ninety (90) days in the case of Advances under Sublimit A after such Advance Date; (ii) forty-five (45) days in the case of Advances under Sublimit C after such Advance Date; provided however, that the total combined ---------------- Warehouse Period under Sublimit A and Sublimit C may not exceed one hundred twenty (120) days; (iii) in the case of any Sublimit B Advance, five (5) Banking Days after the date of funding such Advance unless the Required Documents and, if requested by Lender, the Additional Required Documents, supporting such Advance have been delivered to and accepted by Lender; (iv) expiration of the Investor Commitment for such Mortgage Loan or certificate covering same; (v) if applicable, within fourteen (14) days after redelivery by Lender to Borrower of any non-conforming instrument or document for correction unless Borrower has completed correction thereof and have delivered same to Lender within such 14- day period; (vi) five (5) Banking Days after the Mortgage Loan supporting such Advance is rejected by an Approved Investor for any reason unless such 18 Mortgage Loan is re-committed within such time period; or (vii) in the case of any Sublimit D Advance, three hundred and sixty (360) days after such Advance Date, except that with regard to any Sublimit D Advance which has not been repaid in full within one hundred eighty (180) days after such Advance Date, the Warehouse Period applicable to twenty-five percent (25%) of the amount funded under such Sublimit D Advance shall be limited to one hundred and eighty (180) days.
Warehouse Period means, for each Advance made to fund a particular category of Mortgage Loan, the period of time applicable to such category, as set forth on Exhibit D, measured from the date the first Advance is made with respect to a particular Pledged Asset. 2137630.4
Warehouse Period means, for any Eligible Asset, the maximum number of days a Warehousing Advance against that type of Eligible Asset may remain outstanding as set forth in Exhibit H.
Warehouse Period. Unless extended as provided below, the earlier of (i) the maturity of the applicable Mortgage Loan, as the same may be extended, and (ii) two years from the date of the Warehousing Advance.
Warehouse Period means, the maximum amount of time (from the date ---------------- that the first Advance is made) that any Advances may remain against outstanding against a Pledged Mortgage, as set forth on Exhibit M attached --------- to this Agreement.
Warehouse Period for any commercial loan made by the Borrower, a period of 180 days from the date such loan is disbursed.
Warehouse Period. The period (a) commencing on the Effective Date and (b) ending on the Maturity Date.