Remargining; Principal Payments; Warehouse Clause Samples

Remargining; Principal Payments; Warehouse. Anything in the Loan Documents to the contrary notwithstanding, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances exceed the lesser (i) the Warehouse Commitment Amount or (ii) the aggregate outstanding principal balance of all Eligible Mortgage Loans and Eligible Conversion Loans. Each payment pursuant to this SECTION 2.1.3 will be due no later than 11:00 a.m. (Phoenix, Arizona time) on the 5th Business Day after the day upon which Lender notifies Borrower in writing that such payment is required.
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Remargining; Principal Payments; Warehouse. Anything in the Loan Documents to the contrary notwithstanding, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances exceed the lesser of (i) the Warehouse Commitment Amount or (ii) the aggregate outstanding principal balance of all Eligible Conversion Loans, Eligible Mortgage Loans and Eligible Miscellaneous Loans and in addition, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances against Eligible Miscellaneous Loans exceed the lesser of (i) the Miscellaneous Loan Sublimit or (ii) the aggregate outstanding principal balance of all Eligible Miscellaneous Loans. Each payment pursuant to this SECTION 2.1.
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Remargining; Principal Payments; Warehouse. Anything in the Loan Documents to the contrary notwithstanding, Borrower shall, upon demand by Lender, pay to Lender an amount equal to the amount by which total outstanding Warehouse Advances exceed the lesser (i) the Warehouse Commitment Amount or (ii) the aggregate outstanding principal balance of all Eligible Mortgage Loans. Each payment pursuant to this SECTION 2.11 will be due no later than 11:00 a.m.
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Related to Remargining; Principal Payments; Warehouse

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Optional Principal Payments 8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.

  • Applicable Interest Rates (a) U.S.