Examples of Warehouse Loans in a sentence
Except with respect to the Warehouse Loans listed in Schedule 4.02(q)(4), none of the Warehouse Loans provides for recourse to the Selling Companies.
The origination, sale, and servicing of the Acquired Warehouse Loans comply in all material respects with Applicable Law and Regulations and Investor and Insurer requirements.
All loans held for the Company's account, whether or not for future sale or delivery to an investor (the "Warehouse Loans"), are owned by the Company free and clear of any Lien, other than Liens in favor of the Company's lender banks pursuant to warehouse lines of credit and forward sale commitments or similar agreements to sell any such loans to investors in the ordinary course, and all Warehouse Loans meet all requirements for sale to the intended investors.
On August 15, 2007, the bankruptcy court granted both motions, authorizing Aegis to act as the debtor-in-possession pursuant to Section 1107 of the Bankruptcy Code and “to sell any Owned Loans and Warehouse Loans in the ordinary course of business.” Id. ¶ 15.
Buyer acknowledges and agrees that no policy of insurance relating to the Purchased Assets or the Business will be transferred or assigned pursuant to this Agreement (other than title insurance policies or policies relating exclusively to individual Acquired Warehouse Loans that may be transferred or assigned pursuant to Section 3.02), and that from and after the Closing, Buyer bears the entire, subject to Article X hereof, risk of loss related to the Purchased Assets and the Business.