Warehousing Credit Limit definition

Warehousing Credit Limit means the sum of the Warehousing Commitment Amounts of all Lenders.

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Warehousing Credit Limit set forth in Section 12.1 of the Credit Facility Agreement is hereby deleted and replaced with the following:

Warehousing Credit Limit means Six Hundred Fifty Million Dollars ($650,000,000); provided, however, that from and after the date of the Sixth Amendment, it shall be temporarily increased to One Billion Nine Hundred Million Dollars ($1,900,000,000) and such increase shall remain in effect for a period of fifty four (54) days.’

Examples of Warehousing Credit Limit in a sentence

• Borrower’s notice shall indicate (i) the amount of the incremental increase of the Standard Warehousing Credit Limit and (ii) the effective date for the increase of the Standard Warehousing Credit Limit.

• Borrower shall have the right, upon no less than five days prior written notice to Lender, during the term of this Agreement, to request one or more incremental increases to the Standard Warehousing Credit Limit, in amounts of One Hundred Million Dollars ($100,000,000.00) each (each is herein a “Minimum Incremental Amount”), up to the Maximum Warehousing Credit Limit.

• The total aggregate principal amount of all Warehousing Advances and Swingline Advances outstanding at any one time may not exceed the Warehousing Credit Limit.

• Borrower’s notice shall indicate (i) the amount of the increase of the Maximum Warehousing Credit Limit (the “Bulge Increase Amount”), and (ii) the effective date for the increase of the Maximum Warehousing Credit Limit.

• Provided such incremental increase is approved by Lender, said incremental increase of the Standard Warehousing Credit Limit shall remain in effect for a period of forty five (45) days following such effective date.

More Definitions of Warehousing Credit Limit

Warehousing Credit Limit means One Hundred Fifty Million Dollars ($150,000,000); provided, however upon Borrower’s written request, Lender may, in its sole discretion, increase the Warehousing Commitment.

Warehousing Credit Limit means the Standard Warehousing Credit Limit, the Maximum Warehousing Credit Limit, or the Limited Bulge Credit Limit, as applicable.’

Warehousing Credit Limit means the sum of the Warehousing Commitment Amounts of all of Lenders. The initial Warehousing Credit Limit is $335,000,000.

Warehousing Credit Limit at any time of reference shall be the aggregate of the Warehousing Commitment Amounts of the Lenders at such time. For the avoidance of doubt, subject to applicable provisions of the Loan Agreement: (i) during the period (such period, the “Bulge Period”) from, and including, the Effective Date to, and including (subject to the payment required pursuant to Section 2(e) hereof), January 31, 2013 (the “Step-Down Date”), the Warehousing Credit Limit will be $975,000,000, and (ii) from, and including, the Step-Down Date (as of 2:00 p.m., Boston time) and thereafter, the Warehousing Credit Limit will be $575,000,000.

Warehousing Credit Limit means Six Hundred Fifty Million Dollars ($650,000,000).

Warehousing Credit Limit means $150,000,000.00.”

Warehousing Credit Limit means (a) for the period from the Effective Date to, but not including, the Credit Limit Determination Date, $500,000,000.00, and (b) from (and including) and after the Credit Limit Determination Date, an amount equal to the sum of (i) the Bank of America Sell Down Date Warehousing Commitment Amount, and (ii) the TD Warehousing Commitment Amount. From (and including) and after the Credit Limit Determination Date, the Warehousing Credit Limit shall not be less than $425,000,000, or greater than $625,000,000.