Warehouse Loan definition

Warehouse Loan means a Residential Mortgage Loan evidenced by a Mortgage Note and secured by a Mortgage, that, as of the Effective Time, is owned by the Company.

Warehouse Loan means a First Lien Loan that (i) the Obligor of which is a special purpose, bankruptcy-remote entity, (ii) is borrowing base driven and such borrowing base is secured by account, lease or loan receivables, (iii) contains financial covenants specific to the Obligor’s liquidity and a minimum of one other financial performance test and (iv) has been approved by the Administrative Agent in its sole discretion.

Warehouse Loan means a Mortgage Loan secured by a mortgage that is owned or was financed under a Warehouse Facility by the Company and is not a Sold Mortgage Loan.

Examples of Warehouse Loan in a sentence

• We study the convergence of a characteristics method for the discretization of a fluid-rigid system with incompressible Navier-Stokes.

• All Promissory Notes acquired by the Issuer prior to the Closing Date which, as at 2 June 2006, were either Delinquent or written-off have been sold by the Issuer to SCL3 pursuant to the Warehouse Loan Transfer Agreement.

• For a more detailed description, see under ‘‘ Summary of Transaction Documents – Loan Transfer Agreements – Trigger Events’’ below.SCL3 entered into a loan transfer agreement with Nordax, the Issuer (in its capacity as a seller) and the Security Trustee dated 1 June 2006 (the Warehouse Loan Transfer Agreement) pursuant to which SCL3 acquired, and may continue to acquire, Promissory Notes from Nordax from time to time.

• See “Risk Factors—Relating to the Collateral Obligations.” The Closing Date Assets were purchased by the Issuer from Madison Capital Funding LLC (“Madison”) using the proceeds of debt and equity pursuant to the Warehouse Loan Agreement and Warehouse Sale Agreement.

• Remove the phrase ‘‘contained in the Daily Spot Cotton Quotations published by the USDA Agricultural Marketing Service’’ and replace it with the phrase ‘‘for the Upland Cotton Warehouse Loan Rate published by FSA’’ in paragraph (d).

More Definitions of Warehouse Loan

Warehouse Loan means a Residential Mortgage Loan secured by a Mortgage, that, as of the Merger Effective Time, is owned by the Company. Defined Terms Inserted in Section 1.01(b): Defined Term Location of Definition Assumption Section 8.13 Assumption Funds Section 8.13 Delaware Litigation Section 8.14 Escrow Agent Section 2.02(f) Escrow Agreement Section 2.02(f) Escrow Funds Section 2.02(f) JPMorgan Chase Section 8.13 JPMorgan Chase Credit Agreement Section 8.13 LSF5 Mortgage Section 8.13 Release Time Section 2.02(f) Stay Release Date Section 8.14 Second Amendment Schedule 14D-9/A Section 2.07 Temporary Restraint Section 10.01(i)

Warehouse Loan means a mortgage loan that (i) is evidenced by a Mortgage Note and secured by a first priority Mortgage on a one-to-four family residential property (or a second priority mortgage loan that was originated concurrently or in conjunction with a first priority mortgage loan) and (ii) is owned by a Selling Company at the time immediately prior to the Closing.

Warehouse Loan means, at any time, a Loan which, at that time, is secured under a Warehouse Facility;

Warehouse Loan means the warehousing credit facility made available to Borrower in accordance with this Agreement.

Warehouse Loan means a Mortgage Loan that is owned by the Seller as of November 30, 1998 and intended to be but not yet sold to an Investor.

Warehouse Loan or "Warehouse Loans" shall have the respective meanings set forth in Section 2.01(a) hereof.

Warehouse Loan means any Mortgage Loan that (i) has been pledged by the Borrower or any of its Subsidiaries as collateral or that secures any warehouse facility or other financing facility used by the Borrower or any of its Subsidiaries or (ii) the Borrower or any of its Subsidiaries has sold to a third party under a Repurchase Agreement.