Warehouse Payment definition

Warehouse Payment. As defined in Section 3(c).
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Examples of Warehouse Payment in a sentence

  • All payments in respect of such Collateral so purchased shall not be deemed received by the Security Agent until such funds constitute "immediately available" funds in the Warehouse Payment Account or such Mortgage-backed Securities have been credited to the account of the Security Agent.

  • Until receipt of a Warehouse Payment, the interest of the related Warehouse Lender in such Mortgage Loans shall continue and remain in full force and effect, and the Participant shall have no interest in the Mortgage Loans which is not subordinate to the interest of each Warehouse Lender in such Mortgage Loans.

  • Except as otherwise specifically provided herein, all payments under this Agreement and the Note shall be made to the Agent for the account of the Lender not later than 2:00 p.m. (New York City time) on the date when due and shall be made in immediately available funds for deposit to the Warehouse Payment Account.

  • Except as otherwise specifically --------------------------- provided herein, all payments under this Agreement and the Note shall be made to the Agent for the account of the Lender not later than 2:00 p.m. (New York City time) on the date when due and shall be made in immediately available funds for deposit to the Warehouse Payment Account.

  • Except as otherwise specifically provided herein, all payments under this Agreement and the Note shall be made to the Lender for the account of the Lender not later than 2:00 p.m. E.S.T. on the date when due and shall be made in immediately available funds for deposit to the Warehouse Payment Account.

  • All payments in respect of such Collateral so purchased shall not be deemed received by the Lender until such funds constitute "immediately available" funds in the Warehouse Payment Account or such Mortgage backed Securities have been credited to the account of the Lender.

Related to Warehouse Payment

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]