Sublines definition

Sublines means the four (4) subdivisions of the Credit Line, consisting of: - the "SUBPRIME SINGLE-FAMILY WAREHOUSE SUBLINE" of up to one hundred percent (100%) of the Aggregate Committed Sum (the "SUBPRIME SINGLE-FAMILY SUBLIMIT") of principal that may borrowed (as "SUBPRIME SINGLE-FAMILY WAREHOUSE ADVANCES") by the Company and outstanding from time to time -- with a Wet Warehousing Sublimit to finance Subprime Single-family Mortgage Loans that are Bridged Loans and an Uncovered Warehousing Sublimit (the 27 42 "UNCOVERED WAREHOUSING SUBLINE") to finance Subprime Single-family Mortgage Loans that have become Uncovered Loans -- to acquire and accumulate Eligible Subprime Single-family Mortgage Loans to hold pending their transfers and assignments from time to time either (i) as Whole Loans sold for cash to investors or (ii) as pools of Mortgage Loans sold to issuers of Structured Securities to be based on and backed by those Mortgage Loans in exchange for proceeds of the sale of those Structured Securities to investors, with the sale proceeds in each case to be paid to the Agent for concurrent deposit in the Note Payment Account and to be applied toward repayment to the Lenders of such Advances, with any remaining balance (in the absence of a Default or Event of Default) to be transferred by the Agent to the Company's own account with the Agent. - the "P&I ADVANCES SUBLINE" of up to seven and one-half percent (7 1/2%) of the Aggregate Committed Sum (the "P&I ADVANCES SUBLIMIT") of principal that may be borrowed by the Company (as "P&I SUBLINE ADVANCES") and outstanding from time to time to finance P&I Receivables produced by the Company's P&I Advances. - the "SERVICING ADVANCES SUBLINE" of up to five percent (5%) of the Aggregate Committed Sum (the "SERVICING ADVANCES SUBLIMIT") of principal that may be borrowed by the Company (as "SERVICING SUBLINE ADVANCES") and outstanding from time to time to finance receivables produced by the Company's cash advances made from time to time pursuant to its obligation to do so as Servicer of first and junior lien Single-family Mortgage Loans to pay: - T&I Advances; - P&I Advances that the Company believes will not be collected on or before thirty-three (33) days after their respective funding dates; and - Enforcement Advances. - the "RECOVERIES SUBLINE" of up to two and one-half percent (2 1/2%) -- provided, that from and after the last day of the Company's fiscal quarter as of which date the Company's Tangible Net Worth first ex...
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Sublines is defined in Section 2.1.
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Sublines means the two (2) subdivisions of the Credit Line, consisting of: o the "Single-family Warehouse Subline" of up to one hundred percent (100%) of the Aggregate Committed Sum (the "Single-family Sublimit") of principal that may borrowed (as "Single-family Warehouse Advances") by the Companies and outstanding from time to time -- with a Wet Warehousing sublimit to finance Wet Loans -- to acquire and accumulate Eligible Single-family Collateral to hold pending their transfers and assignments from time to time either (i) as Whole Loans sold for cash to investors or (ii) as pools of Mortgage Loans sold to issuers of Structured Securities to be based on and backed by those Mortgage Loans in exchange for proceeds of the sale of those Structured Securities to investors, with the entire net sale proceeds in each case to be paid to the Agent for concurrent deposit in the Note Payment Account and to be applied toward repayment to the Lenders of such Advances with any remaining balance (in the absence of a Default or Event of Default) to be transferred by the Agent to the Companies' own accounts with the Agent; and o the "Working Capital Subline" of up to Five Million Dollars ($5,000,000) (the "Working Capital Sublimit") of principal that may be borrowed by the Companies (as "Working Capital Subline Advances") and outstanding from time to time to finance the Companies' working capital requirements.
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Examples of Sublines in a sentence

  • Sub-line CodeSTLOANSMTLOANSLTLOANSYou can define a tenor list and have tenor based limits for both the Main Line and Sub-lines.

  • Sub-lines should be used only to identify the relationship between a number of products, not the complete product itself.

  • Line Item : NRHH Allocations (To be used for NRHH’s allocation of funds for the semester) Line Item : Office Operations (To be used for all KIC office maintenance, repairs, etc.) Individual Sublines for office recurring management charges and any other general office costs.

  • For example: two days seminar does not always mean three accommodations and four daily allowances.Table 2 total – DETAILED BREAKDOWN OF BUDGET LINES – TOTAL will be automatically filled after Table 2 is filled in for each project partner and will provide a detailed summary of the project costs per Budget lines and Sub-lines for all partners.

  • Line Item : Hall Allocations (To be used for all Hall Council Fund allocations for the semester) Individual Sublines for each Hall Council.

  • Sub-lines of inquiry provided further data and detail within each of these four main areas.

  • Revenue Line Item : Student Contribution (To be used for KIC allocations from the Department of Residence Services) Line Item : Rollover (To be used for any unused funds from the previous budget term) Expense Standing Deductions Line Item : Executive Board Compensation (To be used for all KIC Executive Board Officers compensation for the Semester) Individual Sublines for each KIC Executive Board position.

  • All borrowings under the Sublines and Sub-sublines pursuant to this Agreement are and shall be evidenced by the Current Warehouse Notes.

  • DARNELL’S CLASSES Aristotle believed that we are persuaded by three artistic proofs.

  • Main line code To recall, credit lines can be classified into Main lines and Sub-lines.

Related to Sublines

  • Sites means the area(s) upon or in which the construction work is carried on, and such other areas adjacent thereto as may be designated by the Commissioner.

  • Manufacturing Facilities means facilities engaged in the mechanical or chemical transformation of materials or substances into new products and shall include:

  • Structural components means liners, leachate collection systems, final covers, run-on/run-off systems, and any other component used in the construction and operation of the MSWLF that is necessary for protection of human health and the environment.

  • Personal protective equipment means all equipment worn to minimize exposure to hazards, including gloves, masks, face shields, foot and eye protection, protective hearing devices, respirators, hard hats, and disposable gowns and aprons.

  • Routes means that part of the Network specified in Schedule 2; "safety authorisation" has the meaning ascribed to it by regulation 2 of the Railways and Other Guided Transport Systems (Safety) Regulations 2006; "safety certificate" has the meaning ascribed to it by regulation 2 of the Railways and Other Guided Transport Systems (Safety) Regulations 2006;

  • Site means the place or places where the permanent Works are to be carried out including workshops where the same is being prepared.

  • Recycling Facility means equipment used by a trade or business solely for recycling:

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under Section 175A of the CAA, as amended.