Additional Warehouse Facility definition

Additional Warehouse Facility means any Additional Warehouse Facility that is established under a Receivables Financing Agreement entered into pursuant to and in accordance with Section 2.1(b) of the Collateral Agency Agreement, excluding any such agreement entered into by way of amendment, restatement, supplement or other modification to any Warehouse Facility in effect on the date of the Collateral Agency Agreement (or any related document).
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Additional Warehouse Facility means any additional nonrecourse credit facility or arrangement, other than a Securitization, pursuant to which Borrowers or their Affiliates sell or refinance Finance Contracts securing Obligations under the Loan Documents.
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Examples of Additional Warehouse Facility in a sentence

  • Financing statements executed by each of Borrowers covering all now existing and hereafter arising Finance Contracts evidencing Indirect Loans except Finance Contracts subject to a Securitization or an Additional Warehouse Facility.

  • Borrowers shall permit Agent and its officers and representatives to inspect all Finance Contracts (except Finance Contracts subject to a Securitization or an Additional Warehouse Facility) and promissory notes evidencing Indirect Loans once each month during normal business hours.

  • At the request of Agent or Majority Banks after the occurrence of an Event of Default, Borrowers shall promptly deliver to Agent all Finance Contracts and promissory notes evidencing Indirect Loans duly endorsed or assigned to Agent other than Indirect Loans subject to a Securitization or an Additional Warehouse Facility.

  • Security Agreement executed by Borrowers covering all now existing and hereafter arising Finance Contracts evidencing Indirect Loans except Finance Contracts subject to a Securitization or an Additional Warehouse Facility.

  • Borrowers shall execute and deliver to Agent the Intercreditor Agreement in form satisfactory to Agent prior to entering into an Additional Warehouse Facility.

  • Within thirty (30) days after the end of each calendar month, Borrowers shall furnish to Agent one (1) copy of a list of all Finance Contracts and promissory notes evidencing Net Indirect Loans (other than Finance Contracts subject to a Securitization or subject to an Additional Warehouse Facility) that reflects the name, address and account number of each Obligor and the unpaid principal balance of each Finance Contract and promissory note as of the end of such preceding calendar month.

  • Within thirty (30) days after the end of each calendar month, Borrowers shall furnish to Agent two (2) copies of a list of all Finance Contracts and promissory notes evidencing Net Indirect Loans (other than Finance Contracts subject to a Securitization or subject to an Additional Warehouse Facility) that reflects the name, address and account number of each Obligor and the unpaid principal balance of each Finance Contract and promissory note as of the end of such preceding calendar month.

  • Borrowers shall cause each Subsidiary formed or acquired after the date of this Agreement to execute a Guaranty of the Notes within ten (10) days after the date of formation or acquisition of such Subsidiary except (i) any special purpose Subsidiary formed solely for the purpose of consummating a Securitization or an Additional Warehouse Facility and (ii) the Mortgage Subsidiary.

  • If requested and prepared by Agent, Borrowers shall have executed and delivered to Agent financing statements covering all Finance Contracts evidencing Indirect Loans except Finance Contracts subject to (i) a Securitization or (ii) an Additional Warehouse Facility.

  • The Obligations and the Notes shall be secured by a first priority security interest in all Finance Contracts evidencing Indirect Loans (except Finance Contracts subject to a Securitization or Additional Warehouse Facility) and proceeds of sale of collateral securing Finance Contracts (except Finance Contracts subject to a Securitization or Additional Warehouse Facility) and all promissory notes payable to any of Borrowers.

Related to Additional Warehouse Facility

  • Warehouse Facility means any bank credit agreement, repurchase agreement or other credit facility entered into to finance the making of Mortgage loans originated by the Company or any of its Subsidiaries.