Warehousing Loan definition

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

  • The failure of any one or more of the Banks to make a Warehousing Loan in accordance with its Commitment shall not relieve the other Banks of their several obligations hereunder, but no Bank shall be liable with respect to the obligation of any other Bank hereunder or be obligated in any event to make Warehousing Loans which, together with its pro rata share of outstanding Swingline Loans, would exceed its Commitment Amount.

  • The failure of any one or more of the Lenders to make a Warehousing Loan in accordance with its Commitment shall not relieve the other Lenders of their several obligations hereunder, but no Lender shall be liable with respect to the obligation of any other Lender hereunder or be obligated in any event to make Warehousing Loans which, together with its Pro Rata Share of outstanding Swingline Loans, would exceed its Commitment Amount.

  • 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.

  • 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.

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  • The failure of any one or more of the Lenders to make a Warehousing Loan in accordance with its Warehousing Commitment shall not relieve the other Lenders of their several obligations hereunder, but no Lender shall be liable with respect to the obligation of any other Lender hereunder or be obligated in any event to make Warehousing Loans which, together with its Pro Rata Share of outstanding Swingline Loans, would exceed its Warehousing Commitment Amount.

  • 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.

  • First Bank, ----------------------------------------- at any time in its sole and absolute discretion, may, upon notice given to each other Bank by not later than 1:00 p.m. (Minneapolis time) on any Business Day, request that each Bank (including First Bank) make a Warehousing Loan in an amount equal to its Pro Rata Share of the portion of the aggregate unpaid principal amount of any outstanding Swingline Loans for the purpose of refinancing such Swingline Loans.

  • USBNA, at any time in its sole and absolute discretion, may, upon notice given to each other Bank by not later than 1:00 p.m. (Denver time) on any Business Day, request that each Bank (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.

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 has the meaning specified in Section 2.01(b).

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

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • 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 B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • 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 has the meaning specified in Section 2.15(b).

  • 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 C has the meaning set forth in Section 2.2(c).

  • 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.