Warehousing Loans definition

Warehousing Loans means loans which are secured by a pledge of Mortgage Loans owned by the borrower.
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Warehousing Loans 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) (collectively, the "Warehousing Collateral Amount") exceeds $XXXXXX*, the Administrative Agent, after consultation with the Companies, shall made such adjustments to the Tranche A Borrowing Base, and shall remove Warehousing Loans from the computation of the Tranche A Borrowing Base, as may be necessary to cause the Warehousing Collateral Amount to be less than or equal to $XXXXXX*.
Sample 1
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 --- *This provision has been deleted and has been filed separately with the Securities and Exchange Commission in connection with a request for confidential treatment filed pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 73 in the Facility II Agreement).
Sample 1

Examples of Warehousing Loans in a sentence

  • Such Warehousing Loans shall be made as Floating Eurodollar Rate Advances, unless the Company specifies otherwise.

  • Such Warehousing Loans shall be made as Eurodollar Advances, unless the Company specifies otherwise.

  • No Lender shall be obligated to make Warehousing Loans if, after giving effect thereto, either of the foregoing limitations would be exceeded.

  • Each Lender shall deposit into the Collateral Account in Immediately Available Funds by not later than 3:00 P.M. (Minneapolis time) on the Borrowing Date the total amount of the Warehousing Loans to be made by such Lender.

  • 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.

  • No Bank shall be obligated to make Warehousing Loans if, after giving effect thereto, either of the foregoing limitations would be exceeded.

  • 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.

  • The aggregate amount of the Warehousing Loans made by a Lender and, in the case of USBNA, Swingline Loans, less all repayments of principal thereof shall be the principal amount owing and unpaid on such Lender's Note.

  • Such Warehousing Loans shall be made as Eurodollar Advances, unless NCMC specifies otherwise.


More Definitions of Warehousing Loans

Warehousing Loans means loans which are secured by Mortgage Loans owned by the borrower of a convention nature or those insured by the FHA or guaranteed by the VA;
Sample 1
Warehousing Loans 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) (collectively, the "Warehousing Collateral Amount") exceeds $150,000,000, the Administrative Agent, after consultation with the Companies, shall made such adjustments to the Tranche A Borrowing Base, and shall remove Warehousing Loans from the computation of the Tranche A Borrowing Base, as may be necessary to cause the Warehousing Collateral Amount to be less than or equal to $150,000,000. 11(m) Co-Agents. The Co-Agents shall have no agency duties or --------- obligations under this Agreement or any of the other Credit Documents.
Sample 1
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).
Sample 1

Related to Warehousing Loans

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

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • 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.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Term Loan has the meaning specified in Section 2.01(b).

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

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

  • 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

  • Revolving Loans as defined in Section 2.4(a).

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

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

  • 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.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

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