Examples of Warehouse Lender in a sentence
Completed By: Date: Name/Title: This Section to be completed by Warehouse Lender: WAREHOUSE LENDER IS REQUIRED TO PROVIDE WIRING INSTRUCTIONS The Mortgage Lender listed above has indicated that they have a Warehouse Line of Credit with your institution.
Other than where required in accordance with applicable law, the Warehouse Lender and its affiliates have no obligation to act in any particular manner as a result of its or the Warehouse Lender’s prior, indirect involvement with the Loans and any information in relation thereto.
The exercise of such approval rights by the Senior Warehouse Lender may, more generally, have resulted in a reduction in the assets available for the Issuer to purchase prior to the Issue Date.
With respect to the refinancing, the Warehouse Lender and its affiliates will act in their own commercial interest.
The Interim Purchaser as borrower under the warehouse facility and the Originator will ultimately use such funds to partially repay the Warehouse Lender.