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 $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.
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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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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.

  • 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.

  • 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.

  • The Company shall give the Agent ------------------- telephonic notice of each request for Warehousing Loans not later than 1:00 P.M. (Minneapolis time) on the requested Borrowing Date, and each request for Swingline Loans not later than 3:30 p.m. (Minneapolis time) on the requested Borrowing Date.

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

  • Each Bank shall deposit into the Settlement Account in Immediately Available Funds by not later than 3:00 p.m. (Denver time) on the Loan Date the total amount of the Warehousing Loans to be made by such Bank.

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

  • The proceeds of the Loan shall be used by Borrower solely to finance its making of Mortgage Warehousing Loans pending sale thereof to Investors.


More Definitions of Warehousing Loans

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*.
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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).
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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;
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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 shall have the meaning assigned to such term in Section 2.21(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 the Refinancing Revolving Loans and the Refinancing Term Loans.

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

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Term Loan as defined in Section 2.1.

  • 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 shall have the meaning assigned to such term in Section 2.1(a).

  • Term Loans as defined in Section 2.1.

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

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • Other Revolving Loans shall have the meaning assigned to such term in Section 2.21.

  • 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 has the meaning specified in Section 2.17(a).

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

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Subsidiary Loan Agreements means the agreements to be entered into 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 Agreements;