Warehouse fund definition

Warehouse fund means any fund or account established by a
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Warehouse fund means any fund established by a local unit
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Warehouse fund means any fund or account established by a governmental unit, the Authority, or a capital provider local unit of government, body politic and corporate, or warehouse lender.
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Examples of Warehouse fund in a sentence

  • Party B will enter into each Transaction in its capacity as trustee of a specific Warehouse Fund or Sub-Fund.

  • Each Confirmation regarding a Transaction must specify the name of the Warehouse Fund or Sub-Fund to which the Transaction relates.

  • The Manager shall not settle, compound or compromise nor attempt to settle, compound or compromise any right of the Trustee in respect of any Loan or in respect of any other matters relating to the Fund without the prior written approval of the Trustee (which it shall give if it is in the interests of Investors or the Sub-Funds Beneficiary (in the case of a Sub-Fund) or a Warehousing Investor (in the case of a Warehouse Fund)).

  • The Manager shall not sell mortgage charge or otherwise deal with any Authorised Investment in the Fund except in accordance with the Trust Deed, this Deed and, in the case of a Warehouse Fund, the corresponding Warehousing Investment Deed or as otherwise approved by the corresponding Warehousing Investor.

  • Prior to the settlement of an Approved Mortgage into a Warehouse Fund (either through the advance of moneys for the settlement of a Loan secured by the Approved Mortgage or through the purchase of the Approved Mortgage), the Manager shall provide to the Trustee a certificate, in a form approved by the Trustee, in which the Manager shall certify to the Trustee that to the best of the Manager's knowledge and belief the loan secured by the Approved Mortgage satisfies the criteria for a Loan.

  • REMUNERATION OF TRUSTEE AND MANAGER The remuneration of the Trustee and the Manager referred to in this clause 6 shall be determined separately for each Warehouse Fund and Sub-Fund (a "RELEVANT FUND") and the following provisions shall apply mutatis mutandis to each of them.

  • Subject to the provisions of clause 7.2 the Trustee shall accept all Approved Applications for Loans and all Approved Mortgages arising from Approved Applications shall be taken into a Warehouse Fund.

  • Upon receipt of such notification, the Trustee must promptly credit the amount of any such interest to the Trust Account for the relevant Warehouse Fund.

  • Fund Creation Notice means a notice given by the Trust Manager to the Trustee under clause 3.2. Funding Period means, in relation to a Warehouse Fund, the period for which the beneficiary of that Fund has agreed pursuant to the relevant Warehouse Funding Agreement to provide funding to the Trustee as trustee of that Fund, to finance the investment by the Trustee in Authorised Investments.

  • Party A is under no obligation whatsoever to agree to novate a Transaction under this Annex to a Warehouse Fund.


More Definitions of Warehouse fund

Warehouse fund means a trust fund established for the benefit of a Warehousing Investor in accordance with clauses 2.1 or 5 of the Original PUMA Trust Deed or clause 5 of this Deed.
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Warehouse fund has the meaning given to such term in the Recitals.
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Warehouse fund. MCG Commercial Loan Trust 2005-2.
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Warehouse fund means any fund established by a local unit of government, body politic and corporate, or warehouse lender. "Warehouse lender" means any financial institution participating in a PACE area that finances an energy project from lawfully available funds in anticipation of issuing bonds
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Related to Warehouse fund

  • Warehouse receipt means a document of title issued by a person engaged in the business of storing goods for hire.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Warehouse Lender means any lender providing financing to Seller for the purpose of warehousing, originating or purchasing a Mortgage Loan, which lender has a security interest in such Mortgage Loan to be purchased by Purchaser.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Warehouser means any person, other than a wholesale distributor, engaged in the business of

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.