Warehousing Loan definition

Warehousing Loan a loan or loans made by the Banks to the ---------------- Company pursuant to Section 2.01(a).
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Warehousing Loan means a loan extended by the Companies to a sub- ---------------- borrower pursuant to a revolving warehousing line of credit between the Companies and such sub-borrower, which such loan shall be made in accordance with the due diligence procedures set forth on Exhibit AA hereto and shall be ---------- evidenced by a loan agreement substantially in the form set forth on Exhibit BB ---------- hereto (in each instance without variation therefrom which would have a material adverse effect on the Lenders or their interests under this Agreement unless such variation has been consented to by the Administrative Agent pursuant to Paragraph 8(e) above), and shall be secured by Mortgage Loans originated by such sub-borrower (all of which are covered by Take-Out Commitments issued in favor of such sub-borrower) and related collateral, provided that the Collateral Value -------- ---- of the Tranche A Borrowing Base attributable to such a loan, when added to the Collateral Value of the Tranche A Borrowing Base attributable to all other such loans, does not exceed $150,000,000 (it being understood that for purposes of this provision "such loans" also include "Warehousing Loans" as defined in the Facility II Agreement and the terms "Tranche A Borrowing Base" and "Collateral Value of the Tranche A Borrowing Base" shall mean both such terms as defined ---- herein and such terms as defined --- in the Facility II Agreement).
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Warehousing Loan a loan made by the Lender to the Company pursuant ---------------- to Section 2.01(a).
Sample 1

Examples of Warehousing Loan in a sentence

  • Unless the Agent shall have received notice from a Lender prior to 3:00 P.M. (Minneapolis time) on any Borrowing Date that such Lender will not make available to the Agent the Warehousing Loans to be made by such Lender on such date, the Agent may assume that such Lender has made such Warehousing Loan available to the Agent on such date and the Agent in its sole discretion may, in reliance upon such assumption, make available to the Company on such date a corresponding amount on behalf of such Lender.

  • Xxxxx 0000 Xxxxxxxxxx Xxxx Xxxx., Xxxxx 000 Xxxxxxxxxxx, Xxxxxxxxx 00000 Re: (1) $87,500,000 Warehousing Loan (the "Warehousing Loan") and $40,000,000 Term Loan (the "Term Loan") under Warehousing Credit, Term Loan and Security Agreement (the "Credit and Term Loan Agreement") by and between RESIDENTIAL FUNDING CORPORATION, a Delaware corporation (the "Lender") and ACCREDITED HOME LENDERS, INC., a California corporation (the "Company") and secured by the "Collateral" (as defined in the Agreement).

  • If any portion of any Warehousing Loan made by the Banks pursuant to this Section 2.03(c) should be recovered by or on behalf of the Company from USBNA in bankruptcy or otherwise, the loss of the amount so recovered shall be ratably shared among all the Banks in the manner contemplated by Section 7.11.

  • Unless the Agent shall have received notice from a Bank prior to 2:00 p.m. (Denver time) on any Loan Date that such Bank will not make available to the Agent the Warehousing Loans to be made by such Bank on such date, the Agent may assume that such Bank has made such Warehousing Loan available to the Agent on such date and the Agent in its sole discretion may, in reliance upon such assumption, make available to the Company on such date a corresponding amount on behalf of such Bank.

  • USBNA, at ----------------------------------------- any time in its sole and absolute discretion, may, upon notice given to each other Lender by not later than 2:00 P.M. (Minneapolis time) on any Business Day, request that each Lender (including USBNA) make a Warehousing Loan in an amount equal to its Pro Rata Share of a portion of the aggregate unpaid principal amount of any outstanding Swingline Loans for the purpose of refinancing such Swingline Loans.

  • The principal amount of each Warehousing Loan made by a Lender and all principal payments and prepayments thereof may be noted by such Lender on a schedule attached to its Warehousing Note and shall be entered by such Bank on its ledgers and computer records.

  • All such documents shall be held by the undersigned as Custodian for Citibank, N.A. pursuant to the terms and conditions set forth in (i) that certain Custody Agreement executed by and between Citibank, N.A. and the undersigned on __________, 1999, and (ii) Warehousing Loan Agreement dated ___________, 1999 by and among Citibank, N.A. and the above referenced borrowers.

  • Upon fulfillment of all conditions precedent to a Regular Sub-line Advance or a Gestation Sub-line Advance, as the case may be, and upon notice given by a Borrower to the Bank by not later than twelve noon (12:00 Noon) on the day of such Advance, the Bank shall make Regular Sub-line Advances and Gestation Sub-line Advances to such Borrower under the Warehousing Loan Facility.

  • Upon the making of a Warehousing Loan by a Bank pursuant to this Section 2.03(c), the amount so funded shall become due under such Bank's Note and the outstanding principal amount of the Swingline Loans shall be correspondingly reduced.

  • Xxxxxxx Xxxxxxx, Inc., a New York corporation (herein called the "Principal") has entered into a Mortgage Warehousing Loan and Security Agreement dated as of December 8th , 1998 with the Bank (which agreement and any amendments thereto is herein collectively called the "Loan Agreement") which governs the rights and obligations of the Bank and the Principal with respect to the loans to be made thereunder, which loans are secured by the Collateral described in the Loan Agreement.


More Definitions of Warehousing Loan

Warehousing Loan a loan made by the Lenders to the Borrowers pursuant to Section 2.01(a).
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Related to Warehousing Loan

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Term Loan as defined in Section 2.1.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Existing Loan means the loan identified on Exhibit H.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;