Warehouse Line means the line of credit established by the Agent and Banks in favor of the Company under Article 2 of this Credit Agreement in the maximum principal amount of, as applicable, either (i) One Hundred Ten Million Dollars ($110,000,000.00) to and until the close of business on June 14, 2004, or (ii) Ninety-Five Million Dollars ($95,000,000.00) from June 15, 2004 to and until the Termination Date, subject in each case to the right of the Company and the Agent in their sole, joint discretion to increase such amount by adding one or more Applicant Financial Institutions as a "Bank" or "Banks" hereunder.

Warehouse Line means the line of credit established by the Agent and Banks in favor of the Company under Article 2 of this Credit Agreement in the maximum principal amount of One Hundred Forty Million Dollars ($140,000,000.00) to and until the close of business on August 28, 2005, subject to the right of the Company and the Agent in their sole, joint discretion to increase such amount by adding one or more Applicant Financial Institutions as a “Bank” or “Banks” hereunder.

Warehouse Line means one or more secured, first priority revolving lines of credit in favour of a Mortgage Subsidiary, by and among such Mortgage Subsidiary and the financial institution(s) party thereto from time to time, for the purpose of funding mortgage loans originated by such Mortgage Subsidiary; provided that (A) the principal amount of Indebtedness obligations (or the principal amount of such other obligations) owing to third parties under the Warehouse Line does not in the aggregate exceed at any one time outstanding the greater of (x) U.S.$1,000,000,000 or (y) 20% of Consolidated Total Assets, (B) recourse in respect of such Indebtedness obligations and other obligations is limited solely to a Mortgage Subsidiary and not the Obligors and their other Subsidiaries and (C) concurrently with any mortgage loan agreement entered into by such Mortgage Subsidiary and the borrower of such mortgage loan, such Mortgage Subsidiary enters into a binding agreement of sale with a Mortgage Loan Buyer in respect of the sale of such mortgage loan to such Mortgage Loan Buyer (to the extent such agreement is not already in existence).

Examples of Warehouse Line in a sentence

A copy of this authorization is deemed valid and can be used at any time to obtain a Warehouse Line of Credit Verification.
Completed By: Date: Name/Title: This Section to be completed by Warehouse Lender: WAREHOUSE LENDER IS REQUIRED TO PROVIDE WIRING INSTRUCTIONS The Mortgage Lender listed above has indicated that they have a Warehouse Line of Credit with your institution.
The institution will be utilizing depository funds for funding transactions and therefore does not have a Warehouse Lender* (* if applicable remainder of form does not need to be completed) Warehouse Institution Name: Attention: E-mail: Address: City: State: Zip: Phone Fax Warehouse Line Amount: $ Date Opened: Client Name: ABA#: Account #: Lender Authorization We authorize the release of the information regarding our Warehouse Line of Credit to Union Home Mortgage Corp.
Each Bank’s commitment to make Warehouse Advances under this Section 2.1 is herein called its “Warehouse Line Commitment” and is set forth opposite its name in Schedule 2.1 attached to this Credit Agreement and the aggregate maximum amount of the Warehouse Line Commitments is herein called the “Total Warehouse Line Commitment”.
The amount of any Advance made hereunder against an Eligible Mortgage Loan shall not exceed such Eligible Mortgage Loan's Warehouse Line Limit.

More Definitions of Warehouse Line

Warehouse Line shall have the meaning assigned to that term in the Preliminary Statement of this Credit Agreement.

Warehouse Line means one or more secured, first priority revolving lines of credit in favour of a Mortgage Subsidiary, by and among such Mortgage Subsidiary and the financial institution(s) party thereto from time to time, for the purpose of funding mortgage loans originated by such Mortgage Subsidiary; provided that (A) the principal amount of Indebtedness obligations (or the principal amount of such other obligations) owing to third parties under the Warehouse Line does not in the aggregate exceed at any one time outstanding the greater of (x) U.S.$300,000,000 or (y) 10% of Consolidated Total Assets, (B) recourse in respect of such Indebtedness obligations and other obligations is limited solely to a Mortgage Subsidiary and not the Obligors and their other Subsidiaries and (C) concurrently with any mortgage loan agreement entered into by such Mortgage Subsidiary and the borrower of such mortgage loan, such Mortgage Subsidiary enters into a binding agreement of sale with a Mortgage Loan Buyer in respect of the sale of such mortgage loan to such Mortgage Loan Buyer (to the extent such agreement is not already in existence).

Warehouse Line means any warehouse loan or line of credit under which the Company is obligated or under which the Company has the right to obtain loans or advances, including, without limitation, that warehouse line of credit granted to the Company by Republic.

Warehouse Line means the line of credit established by the Agent and the Banks in favor of the Company under Article 2 of this Credit Agreement in the maximum principal amount Forty Million Dollars ($40,000,000.00); provided, however, the Company acknowledges and agrees that no Advances of any type shall be requested by the Company or funded by the Agent or the Bank from and after the close of business on May 31, 2010.

Warehouse Line has the meaning ascribed to it in Section 2(i).

Warehouse Line means warehouse lines of credit, repurchase agreements and indebtedness secured by mortgage loans and related assets in the ordinary course of the Company’s mortgage lending business and which, for avoidance of doubt, shall not include any term loan or credit agreement of the Company or the Company Subsidiaries that is available to the Company or the Company Subsidiaries to finance aspects of their operations or capital expenditures more generally outside of the funding, purchase and sale of Mortgage Loans.

Warehouse Line has the meaning ascribed to such term in Section 5.15.