Common use of Expiration of Warehousing Commitment Clause in Contracts

Expiration of Warehousing Commitment. The Warehousing Commitment expires on the earlier of (“Warehousing Maturity Date”): (a) April 21, 2007, on which date 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 or Credit Agent, and (b) the date the Warehousing Commitment is terminated and the Warehousing Advances become due and payable under Section 10.2.

Appears in 1 contract

Samples: Credit and Security Agreement (Lennar Corp /New/)

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Expiration of Warehousing Commitment. The Warehousing Commitment expires on the earlier of (“Warehousing Maturity Date”): (a) April 21, 20072008, on which date each Lender’s Warehousing Commitment will expire of its own term and the related Warehousing Advances will become due and payable, in each case payable without the necessity of Notice or action by Lenders or Credit Agent, ; and (b) the date the Warehousing Commitment is terminated and the Warehousing Advances become due and payable under Section 10.2.

Appears in 1 contract

Samples: Credit and Security Agreement (Lennar Corp /New/)

Expiration of Warehousing Commitment. The Warehousing Commitment expires on the earlier of (“Warehousing Maturity Date”): (a) April 21, 20072008, on which date each Lender’s Warehousing Commitment will expire of its own term and the related Warehousing Advances will become due and payable, in each case payable without the necessity of Notice or action by Lenders or Credit Agent, and (b) the date the Warehousing Commitment is terminated and the Warehousing Advances become due and payable under Section 10.2.; and

Appears in 1 contract

Samples: Loan Agreement

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Expiration of Warehousing Commitment. The Warehousing Commitment expires on the earlier of ("Warehousing Maturity Date"): (a) April 21August 31, 20072003, on which as such date each may be extended in writing by 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 its sole discretion, or action by Lenders or Credit Agent, and (b) the date the Warehousing Commitment is terminated and the Warehousing Advances become due and payable under Section 10.2.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Commercial Capital Bancorp Inc)

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