Warehouse Facility Entity definition

Warehouse Facility Entity means VCC Capital Source Financing, LLC, a Delaware limited liability company and a direct, wholly owned Subsidiary of the Borrower; provided that (a) such Person shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such Person, and activities incidental thereto, (b) such Person shall not own any material assets other than Mortgage Loans acquired by such Person, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such Person shall not incur any Indebtedness except pursuant to the Warehouse Facility Documentation to which such Person is a party and (d) 100% of the Equity Interests in such Person shall be held directly by the Borrower.
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Warehouse Facility Entity has the meaning assigned to such term in the Collateral Agreement.
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Warehouse Facility Entity means VCC Capital Source Financing, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, Velocity ABF, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, or any other direct, wholly owned subsidiary of the Issuer that may enter into a Warehouse Facility from time to time; provided that (a) such entity shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such entity, and activities incidental thereto, (b) such entity shall not own any material assets other than Mortgage Loans acquired by such entity, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such entity shall not incur any Indebtedness except pursuant to the Warehouse Facility Documentation to which such entity is a party and (d) 100% of the Equity Interests in such entity shall be held directly by the Issuer.
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Examples of Warehouse Facility Entity in a sentence

  • A-2 Holder: (Prior to Securitization of Note A-1): Grass River Warehouse Facility Entity One, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: Legal Dept.

  • Pursuant to this Section 32 hereof, 3650 REIT Warehouse Facility Entity 2A LLC confirms the continuing applicability of this Agreement to the Note ▇-▇, ▇▇▇▇ ▇-▇, and Note A-4 following the amendment of the original Note A-2, as so modified.

  • On August 17, 2022, 3650 REIT Warehouse Facility Entity 2A LLC (“3650 WFE2A”) formed the Centene REMIC with respect to the Centene Mortgage Loan and other related assets, which issued two regular interests (one of which is referred to herein as the “Centene REMIC Regular Interest”), and a single uncertificated residual interest (the “Centene REMIC Residual Interest”).

  • Pursuant to this Section 32 hereof, 3650 REIT Warehouse Facility Entity 2A LLC confirms the continuing applicability of this Agreement to the Note A-2, Note A-3, and Note A-4 following the amendment of the original Note A-2, as so modified.

  • Neither the Borrower nor any of the Restricted Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result in the separate legal existence of any Warehouse Facility Entity or Securitization Entity being ignored, or in the assets and liabilities of any Warehouse Facility Entity or Securitization Entity being substantively consolidated with those of any other Person in a bankruptcy, reorganization or other insolvency proceeding.

  • ASSIGNOR: By: Name: Title: ASSIGNEE: By: Name: Title: ACCEPTED BY ADMINISTRATIVE AGENT: By: Name: Title: Name of Assignor Name of Assignee Date of Replacement Promissory Note B Outstanding Principal Balance of Replacement Promissory Note B on Effective Date Pro Rata Share of Replacement Promissory Note B Notice Address(es) for Assignee Grass River Warehouse Facility Entity Two, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: ▇▇▇▇ ▇.

  • ASSIGNOR: Name: Title: ASSIGNEE: Name: Title: ACCEPTED BY ADMINISTRATIVE AGENT: By: Name: Title: Name of Assignor Name of Assignee Date of Replacement Promissory Note B Outstanding Principal Balance of Replacement Promissory Note B on Effective Date Pro Rata Share of Replacement Promissory Note B Notice Address(es) for Assignee Grass River Warehouse Facility Entity Two, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: ▇▇▇▇ ▇.

  • ASSIGNOR: Name: Title: ASSIGNEE: Name: Title: ACCEPTED BY ADMINISTRATIVE AGENT: By: Name: Title: Name of Assignor Name of Assignee Date of Replacement Promissory Note B Outstanding Principal Balance of Replacement Promissory Note B on Effective Date Pro Rata Share of Replacement Promissory Note B Notice Address(es) for Assignee EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES Grass River Warehouse Facility Entity Two, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: ▇▇▇▇ ▇.

  • ASSIGNOR: By: Name: Title: ASSIGNEE: By: Name: Title: ACCEPTED BY ADMINISTRATIVE AGENT: Name: Title: Authorized Signatory By: Name: Title: Authorized Signatory Name of Assignor Name of Assignee Date of Note Outstanding Principal Balance of Note on Effective Date Pro Rata Share of Note Notice Address(es) for Assignee EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES Grass River Warehouse Facility Entity One, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 300 Coconut Grove, Florida 33133 Attention: ▇▇▇▇ ▇.


More Definitions of Warehouse Facility Entity

Warehouse Facility Entity means VCC Capital Source Financing, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, Velocity ABF, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, VCC ND, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, or any other direct, wholly owned subsidiary of the Issuer that may enter into a Warehouse Facility from time to time; provided that (a) such entity shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such entity, and activities incidental thereto, (b) such entity shall not own any material assets other than Mortgage Loans acquired by such entity, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such entity shall not incur any Indebtedness except pursuant to the Warehouse Facility Documentation to which such entity is a party and (d) 100% of the Equity Interests in such entity shall be held directly by the Issuer.
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Warehouse Facility Entity means VCC Capital Source Financing, LLC, a Delaware limited liability company and a direct, wholly owned Subsidiary of the Borrower; provided that (a) such Person shall not engage in any business or activity other than the ownership, operation and maintenance of Mortgage Loans acquired by such Person, and activities incidental thereto, (b) such Person shall not own any material assets other than Mortgage Loans acquired by such Person, and such incidental personal property as may be necessary for the operation of the Mortgage Loans, (c) such Person shall not incur any Indebtedness except pursuant to the Warehouse Facility
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Related to Warehouse Facility Entity

  • 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.

  • Securitization Facility means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, pursuant to which the Company or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.

  • Securitization Property means the property described in section 10j.

  • Securitization Assets means the accounts receivable, royalty or other revenue streams and other rights to payment subject to a Qualified Securitization Financing and the proceeds thereof.

  • Permitted Securitization means, for any Borrower and its Subsidiaries, any sale, assignment, conveyance, grant and/or contribution, or series of related sales, assignments, conveyances, grants and/or contributions, by such Borrower or any of its Subsidiaries of Receivables (or purported sale, assignment, conveyance, grant and/or contribution) to a trust, corporation or other entity, where the purchase of such Receivables may be funded or exchanged in whole or in part by the incurrence or issuance by the applicable Securitization SPV, if any, of Indebtedness or securities (such Indebtedness and securities being “Attributable Securitization Obligations”) that are to be secured by or otherwise satisfied by payments from, or that represent interests in, the cash flow derived primarily from such Receivables (provided, however, that “Indebtedness” as used in this definition shall not include Indebtedness incurred by a Securitization SPV owed to any Borrower or any of its Subsidiaries, which Indebtedness represents all or a portion of the purchase price or other consideration paid by such Securitization SPV for such receivables or interests therein), where (i) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of such Borrower or any of its Subsidiaries, as applicable, in respect of Receivables sold, assigned, conveyed, granted or contributed, or payments made in respect thereof, are customary for transactions of this type, and do not prevent the characterization of the transaction as a true sale under Applicable Laws (including debtor relief laws) and (ii) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of any Securitization SPV in respect of Receivables sold, assigned, conveyed, granted or contributed or payments made in respect thereof, are customary for transactions of this type.