Wet Settlement Advance definition

Wet Settlement Advance means with respect to any Warehousing Advance, the time from the date the Warehousing Advance is made until the date of Lender's receipt of the Collateral Documents required by Article 2 and the Exhibits and documents referenced in that Article.
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Wet Settlement Advance means an Advance pursuant to Section 2.2(b) of this Agreement in respect of the closing or settlement of a Mortgage Loan, from the time of such Advance until the time of subsequent delivery of the Collateral Documents as provided in such Section and the Exhibit referenced therein.
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Wet Settlement Advance means an Advance prior to the end of the Wet Settlement Period.
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Examples of Wet Settlement Advance in a sentence

  • If a Wet Settlement Advance is being requested, the Request for Advance and required Collateral Documents should be submitted in accordance with the above instructions.

  • If a Wet Settlement Advance Is being requested, the Warehousing Advance Request and required Collateral Documents should be submitted in accordance with the above instructions.

  • Requests for Advances shall be initiated by the Company by delivering to the Lender, no later than (i) in the case of a request for a Wet Settlement Advance, 10:30 a.m. (Pacific time) on the Business Day the Company desires to borrow hereunder, and (ii) in the case of any other Advance, one (1) Business Day prior to any Business Day that the Company desires to borrow hereunder, a completed and signed request for an Advance on the then current form approved by the Lender.

  • If a Wet Settlement Advance is being requested, the Warehousing Advance Request and required Collateral Documents should be submitted in accordance with the above instructions.

  • Collateral Documents not required for a Wet Settlement Advance must be delivered by Borrower to Credit Agent within 7 Business Days after the date of the Wet Settlement Advance.

  • Collateral Documents not required for a Wet Settlement Advance must be delivered by Borrower to Collateral Agent within 9 calendar days after the date of the Wet Settlement Advance.

  • Seven (7) Business Days elapse from the date a Wet Settlement Advance was made against a Pledged Loan without receipt by Lender of all Collateral Documents relating to the Pledged Loan.


More Definitions of Wet Settlement Advance

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.
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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.
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Wet Settlement Advance means an Advance pursuant to Section 2.3(b) of this Agreement, in respect of the closing or
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Wet Settlement Advance shall no longer apply to the Advance once the Lender has received all of the Collateral Documents as provided in Section 2.2 (b) and the applicable Exhibit referenced therein.
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Wet Settlement Advance means an Advance by the Secured Party pursuant to Section 2.2(a) of the Warehouse Credit Agreement, in respect of the closing or settlement of a Single-family Mortgage Loan, in anticipation of and pending subsequent delivery and examination of the Collateral Documents as provided in Section II of Exhibit "C" to the Warehouse Credit Agreement.
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Related to Wet Settlement Advance

  • Mandatory Settlement Date means the earliest of:

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Default Settlement Method means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that the Company may, from time to time, change the Default Settlement Method by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Conversion Agent.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Equipment Advance is defined in Section 2.1.1.

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Purchase Contract Settlement Date means ________________________, ____.]

  • Net Settlement Fund means the Settlement Fund less: (i) any Taxes;

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Cash Settlement Averaging Period means, with respect to any Note as to which Cash Settlement or Combination Settlement is applicable, the 45 consecutive Trading Day period beginning on, and including, the second Trading Day immediately following the related Conversion Date; except that “Cash Settlement Averaging Period” means, with respect to any Conversion Date occurring during the Final Conversion Period, the 45 consecutive Trading Day period beginning on, and including, the 46th Scheduled Trading Day immediately preceding the Maturity Date.

  • Interest Settlement Rate As defined in Section 4.08.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.