Committed Warehouse Line definition

Committed Warehouse Line. A warehouse facility, repurchase facility or other similar financing facility pursuant to which the related lender has approved advances (at a 60% or greater advance rate) to fund future advance requirements under the Future Funding Companion Participations held by Affiliated Future Funding Companion Participation Holders, subject only to the satisfaction of general conditions precedent in the related facility documents.
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Committed Warehouse Line. A warehouse facility or other similar financing facility pursuant to which the related lender has approved advances (at a 60% or greater advance ▇▇▇▇▇▇▇▇.
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Related to Committed Warehouse Line

  • Revolving Line of Credit means the commitment of CIT to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Company in opening Letters of Credit pursuant to Section 5 of this Financing, in an aggregate amount equal to $30,000,000.