Warehousing Maturity Date definition

Warehousing Maturity Date has the meaning set forth in Section 1.2.

Warehousing Maturity Date. (a) April 11, 2025 (the “Stated Maturity Date”), on which date the Warehousing Commitment will expire of its own term and the Warehousing Advances together with all accrued and unpaid interest and costs and expenses will become due and payable without the necessity of Notice or action by Lxxxxx; and (b) the date the Warehousing Commitment is terminated and the Warehousing Advances become due and payable under Section 10.2(a) or 10.2(b).”

Warehousing Maturity Date means the earlier of: (a) the close of business on January 31, 2003, as such date may be extended from time to time in writing by Lender, in its sole discretion, on which date the Warehousing Commitment shall expire of its own term and without the necessity of action by Lender, (b) 30 days after the commencement of Early Amortization, and (c) the date the Warehousing Advances become due and payable pursuant to Section 8.2 below.

Examples of Warehousing Maturity Date in a sentence

• On the terms and subject to the conditions and limitations of this Agreement, including Exhibit H, Lender agrees to make Warehousing Advances to Borrower from the Closing Date to the Business Day immediately preceding the Warehousing Maturity Date, during which period Borrower may borrow, repay and reborrow in accordance with the provisions of this Agreement.

• If the date set forth in clause (a) of the definition of Warehousing Maturity Date occurs on a day other than the last day of a Calendar Quarter, Borrower must pay the prorated portion of the Warehousing Commitment Fee due from the beginning of the then current Calendar Quarter to and including that date.

• If the Warehousing Commitment terminates at the request of Borrower or as a result of an Event of Default, Borrower must pay, on the date of termination, a Warehousing Commitment Fee on the Warehousing Commitment Amount in effect immediately prior to termination, for the period from the date of termination to and including the date set forth in clause (a) of the definition of Warehousing Maturity Date on the date of such termination.

• Borrower must pay interest monthly in arrears, not later than 9 days after the date of Lender's invoice or, if applicable, 2 days after the date of Lender's account analysis statement, commencing with the first month following the Closing Date and on the Warehousing Maturity Date.

• If the date set forth in clause (a) of the definition of Warehousing Maturity Date occurs on a day other than the last day of a Calendar Quarter, Borrower must pay the prorated portion of the Non-Usage Fee due from the beginning of the then current Calendar Quarter to and including that date.

More Definitions of Warehousing Maturity Date

Warehousing Maturity Date means the earlier of: (a) the close of business on March 18, 2002, as such date may be extended from time to time in writing by the Lender, in its sole discretion, on which date the Warehousing Commitment shall expire of its own term and without the necessity of action by the Lender, (b) 30 days after the commencement of Early Amortization, and (c) the date the Warehousing Advances become due and payable pursuant to Section 8.2

Warehousing Maturity Date set forth in Section 1.1. of the Agreement are amended to read in their entireties as follows:

Warehousing Maturity Date and "Working Capital Maturity Date" in Section 1.1 of the Agreement shall be amended by inserting the date "December 31, 1997" in place of "December 31, 1996" wherever it appears in such definitions.

Warehousing Maturity Date. (a) with respect to each Lender’s Warehousing Commitment, as set forth on Exhibit J, as such date(s) may be extended in writing by the applicable Lenders and Credit Agent, in their sole discretion, on which dates each Lender’s Warehousing Commitment will expire of its own term and the related Warehousing Advances will become due and payable, in each case without the necessity of Notice or action by Lenders, and (b) the date the Warehousing Commitment is terminated and the Warehousing Advances become due and payable under Section 10.2.

Warehousing Maturity Date set forth in Section 12.1 of the Credit Agreement is hereby amended by adding “(or if such date is not a Business Day, the next following Business Day)” after “Borrowing Expiration Date”.

Warehousing Maturity Date shall mend the earlier of: (a) the close of business on December 31, 1997, as such date may be extended from time to time in writing by the Lender, in its sole discretion, on which date the Warehousing Commitment shall expire of its own term, and without the necessity of action by the Lender, and (b) the date the obligation of the Lender to make further Warehousing Advances hereunder is terminated pursuant to Section 8.2 below.

Warehousing Maturity Date has the meaning set forth in Section 1.2. "Warehousing Note" has the meaning set forth in Section 1.3. "Weighted Average Committed Purchase Price" means the weighted average of the Committed Purchase Prices of the unfilled Purchase Commitments (expressed as a percentage) for Mortgage Loans or Mortgage-backed Securities of the same type, interest rate and term. "Wet Settlement Advance" means a Warehousing Advance prior to the end of the Wet Settlement Period. "Wet Settlement Period" means the period of time from the date a Wet Settlement Advance is made against a Pledged Loan until the earlier of (a) the date the Collateral Documents for the Pledged Loan have been delivered to and examined by the Lender or (b) the date the Wet Settlement Advance made against the Pledged Loan is paid in full. "Wire Disbursement Account" means a demand deposit account maintained at the Funding Bank in Lender's name for clearing wire transfers requested by Borrower to fund Warehousing Advances. "Wire Fee" has the meaning set forth in Section 3.6.