Remargining; Principal Payments; Warehouse Sample Clauses

Remargining; Principal Payments; Warehouse. Anything in the Loan Documents to the contrary notwithstanding, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances exceed the lesser (i) the Warehouse Commitment Amount or (ii) the aggregate outstanding principal balance of all Eligible Mortgage Loans. Each payment pursuant to this SECTION 2.11 will be due no later than 11:00 a.m.
Sample 1
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Remargining; Principal Payments; Warehouse. Anything in the Loan Documents to the contrary notwithstanding, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances exceed the lesser (i) the Warehouse Commitment Amount or (ii) the aggregate outstanding principal balance of all Eligible Mortgage Loans. Each payment pursuant to this SECTION 2.11 will be due no later than 11:00 a.m. (Phoenix, Arizona time) on the 5th Business Day after the day upon which the Lender notifies Borrower in writing that such payment is required.
Sample 1
Remargining; Principal Payments; Warehouse. Anything in the Loan Documents to the contrary notwithstanding, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances exceed the lesser (i) the Warehouse Commitment Amount or (ii) the aggregate outstanding principal balance of all Eligible Mortgage Loans and Eligible Conversion Loans. Each payment pursuant to this SECTION 2.1.3 will be due no later than 11:00 a.m. (Phoenix, Arizona time) on the 5th Business Day after the day upon which Lender notifies Borrower in writing that such payment is required.
Sample 1
Remargining; Principal Payments; Warehouse. Anything in the Loan Documents to the contrary notwithstanding, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances exceed the lesser of (i) the Warehouse Commitment Amount or (ii) the aggregate outstanding principal balance of all Eligible Conversion Loans, Eligible Mortgage Loans and Eligible Miscellaneous Loans and in addition, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances against Eligible Miscellaneous Loans exceed the lesser of (i) the Miscellaneous Loan Sublimit or (ii) the aggregate outstanding principal balance of all Eligible Miscellaneous Loans. Each payment pursuant to this SECTION 2.1.3.3 will be due no later than 11:00 a.m. (Phoenix, Arizona time) on the 5th Business Day after the day upon which Lender notifies Borrower in writing that such payment is required.
Sample 1

Related to Remargining; Principal Payments; Warehouse

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Scheduled Principal Payments The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,500, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,000, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

  • Mandatory Principal Payments If, on any day, the Total Outstandings exceed the Maximum Loan Amount, then the Borrower shall make a principal payment to Administrative Agent in the amount of such excess, in immediately available funds within ten (10) Business Days of demand from the Administrative Agent (a “Mandatory Principal Payment”); with such payment being applied to the principal balances due hereunder is such fashion as the Borrower may designate; provided, however, that if during such ten (10) Business Day period, the Borrower delivers to the Administrative Agent Funding Evidence, such ten (10) Business Day period shall be extended for such additional time as the Administrative Agent determines, in its reasonable discretion, to be required by the Borrower to make the Mandatory Principal Payment but in no event shall such period exceed a maximum of sixty (60) days from the date that the Mandatory Principal Payment would otherwise be due hereunder.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • Principal Payment Dates Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows:

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

  • Applicable Interest Rates (a) U.S.

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