Jumbo Sublimit means the Sublimit applicable to Jumbo Loans, which shall be 10% of Seller’s Concentration Limit.
Jumbo Sublimit means twenty-five percent (25%) of the Aggregate Commitment Amounts.
Jumbo Sublimit means twenty percent (20%) of the Commitment.”
Examples of Jumbo Sublimit in a sentence
If at any time (a) the Loan Balance exceeds the Collateral Value of the Borrowing Base, or (b) the Jumbo Sublimit, the Super Jumbo Sublimit, the Second Lien Loan Sublimit, the Non-Conforming Sublimit, the Construction/Perm Sublimit, the Investment Sublimit or the Wet Warehousing Sublimit is exceeded, Borrower shall repay the amount of such excess within two (2) Business Day after written notice thereof is given by Lender to Borrower.
More Definitions of Jumbo Sublimit
Jumbo Sublimit at any time, means (a) for all Jumbo Loans, 10% of the total Commitments, and (b) for any Jumbo Loan in excess of $450,000 only the first $450,000 except that Agent may grant exceptions to this CLAUSE (B) upon request by Borrower on a case-by-case basis, and in Agent's absolute discretion.
Jumbo Sublimit means thirty percent (30%) of the Commitment."
Jumbo Sublimit at any time, means, unless otherwise approved by Agent in writing, (a) for all Jumbo Loans (except Eligible-Nonconforming Loans, Eligible-Nonconforming-Bulk Loans, Eligible-Repurchased Loans, or Eligible- Second-Lien Loans), 35% of the total Warehouse Commitments, and (b) for any Jumbo Loan (except Eligible-Nonconforming Loans, Eligible-Nonconforming-Bulk Loans, Eligible-Repurchase Loans, or Eligible-Second-Lien Loans) in excess of $750,000, only the first $750,000.
Jumbo Sublimit means 100%.”
Jumbo Sublimit means fifteen percent (15%) of the Aggregate Commitment Amounts.
Jumbo Sublimit means ten percent (10%) of the Commitment.
Jumbo Sublimit and "Wet Warehousing Sublimit" contained in Section 1.1 of the Credit Agreement are amended in their entireties to read as follows: