Sublimit B definition

Sublimit B means a portion of the Line of Credit up to but not exceeding $8,750,000.00 (increasing to $12,250,000.00 during the last five (5), followed by the first five (5) Banking Days of each month), which shall be available to warehouse Sublimit B Mortgage Loans.
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Sublimit B means a portion of the Line of Credit up to but not exceeding $12,500,000.00 (increasing to $17,500,000.00 during the last five (5), followed by the first five (5) Banking Days of each month), which shall be available to warehouse Sublimit B Mortgage Loans.
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Sublimit B means a portion of the Line of Credit up to but not exceeding $10,000,000.00 [increasing to $14,000,000.00 during the last five (5), followed by the first five (5) Banking Days of each month] which shall be available to warehouse Sublimit B Mortgage Loans.
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Examples of Sublimit B in a sentence

  • The sub-limits set out in the Transaction Criteria (Sub-limit A, Sub-limit B and Sub-limit C) will apply to the issue of Trade LCs. The Trade Finance Facility may not be drawn in cash.

  • Mortgage Loans that initially are funded under Sublimit B are not charged twice when subsequently funded under Sublimit A or Sublimit E.

  • SCHEDULE 1 TRANSACTION CRITERIA Criterion Sublimit A Sublimit B Sublimit C General Compliance with Transaction Criteria generally to be determined by Fronting Banks, with any material deviations to be approved by the Majority Participants.

  • SCHEDULE 1 TRANSACTION CRITERIA3 Criterion Sub-limit A Sub-limit B Sub-limit C General Compliance with Transaction Criteria generally to be determined by Fronting Banks, with any material deviations to be approved by the Majority Participants.

  • Within the foregoing limits and subject to the conditions set forth in Article III, Borrower may borrow and reborrow Sublimit B Advances under Section 2.2 and prepay Sublimit B Advances under Section 2.8.

  • Lender agrees at any time and from time to time during the Advance Period, to make Sublimit B Advances to Borrower to an aggregate principal amount which, (i) when added to the aggregate principal amount of all other Sublimit B Advances does not exceed the maximum amount of Sublimit B, or (ii) when added to the aggregate principal amount of all other then outstanding Advances does not exceed the Commitment.

  • The maximum liability in the event of claim shall be restricted to limit under Sublimit A or Sublimit B (if applicable) or Sum Insured whichever is lower as specified in the Policy Schedule.

  • Each Advance will be in a principal amount for Facility A: not greater than 100% of the amount of the related Investor Take-Out Commitment up to 100% of the note amount; for Sub-limit B: not greater than 100% of the note amount, and; for Facility C: not greater than 100% of the loan amount.

  • The Take-Out Advance shall not exceed the Sublimit B Amount, nor shall the Take-Out Advance exceed the Payoff Demand Amount.

  • Paragraph 7 of the First Amendment to Loan Agreement dated as of October 31, 1996 is hereby amended by deleting the references in such paragraph to "Sublimit A" and "Sublimit B".


More Definitions of Sublimit B

Sublimit B means a sublimit for a Take-Out Advance under the Committed Revolving Line not to exceed $1,500,000. "Sublimit B Amount" means $1,500,000. "Sublimit C" means a sublimit for Equipment Advances under the Committed Revolving Line not to exceed $1,000,000.
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Sublimit B to read in its entirety as follows:
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