Piggyback Loan definition

Piggyback Loan. A second lien Mortgage Loan originated by the same originator to the same borrower at the same time as the first lien Mortgage Loan, each secured by the same Mortgaged Property.
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Piggyback Loan. “Second Lien Loan”, “Second Lien Loan/HELOC Sublimit” and “Unfunded HELOC Commitment”.
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Piggyback Loan means a Second Mortgage Loan where the Mortgaged Premises are subject to a first Mortgage Loan that is a Purchased Loan.
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Examples of Piggyback Loan in a sentence

  • Piggyback Loan - A loan made jointly by two or more lenders on the same property under one mortgage or trust deed.

  • See Broderick Perkins, Piggyback Loan Growth Poses Mortgage System, Realty Times (July 13, 2005), available at 2 In 1995, home equity lenders had made $1 billion in high LTV loans.

Related to Piggyback Loan

  • Piggyback Registration shall have the meaning given in subsection 2.2.1.

  • Piggyback Request has the meaning set forth in Section 2(c)(i).

  • Piggyback Offering has the meaning set forth in Section 8(a).

  • Piggy-Back Registration is defined in Section 2.2.1.

  • Piggyback Registrations has the meaning set forth in Section 3(a).

  • Piggyback Registration Statement has the meaning set forth in Section 3(a).

  • Piggyback Shares has the meaning ascribed to such term in Section 2.3(a)(iii).

  • Piggyback means the document attached to this solicitation and entitled South Carolina Standard Amendment To End User License Agreements For Commercial Off- The-Shelf Software – Single Agency, which serves as South Carolina's standard amendment to a licensor's standard software licensing agreement (regardless of how denominated, e.g., master software licensing agreement, end user license agreement) for COTS. [Note: While the piggyback is generally indicative of what the District finds acceptable, terms in a Licensor’s standard software licensing agreement may need to be negotiated.]

  • Takedown Requesting Holder shall have the meaning given in subsection 2.3.3.

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

  • Shelf Takedown means an Underwritten Shelf Takedown or any proposed transfer or sale using a Registration Statement, including a Piggyback Registration.

  • Demand Registration Request shall have the meaning set forth in Section 3.1.1(a).

  • Demand Registration Notice has the meaning set forth in Section 2.1.

  • Underwritten Offering Notice has the meaning set forth in Section 2(b).

  • Piggyback Notice has the meaning specified in Section 2.02(a).

  • Demand Registration shall have the meaning given in subsection 2.1.1.

  • Shelf Underwritten Offering shall have the meaning given in subsection 2.1.3.

  • Requesting Holder shall have the meaning given in subsection 2.1.1.

  • Shelf Takedown Notice shall have the meaning given in subsection 2.1.3.

  • Demanding Holder shall have the meaning given in subsection 2.1.1.

  • Additional Registrable Securities means, (i) any Cutback Shares not previously included on a Registration Statement and (ii) any capital stock of the Company issued or issuable with respect to the Common Shares, the Warrants, the Warrant Shares, or the Cutback Shares, as applicable, as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise without regard to any limitations on exercise of the warrants.

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.

  • Existing Holder means a Broker-Dealer or any such other Person as may be permitted by the Corporation that is listed as the holder of record of shares of AMPS in the Stock Books.

  • Included Registrable Securities has the meaning specified therefor in Section 2.02(a) of this Agreement.

  • Underwritten Offering means a Registration in which securities of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.

  • Underwritten Takedown means an underwritten public offering of Registrable Securities pursuant to the Resale Shelf Registration Statement, as amended or supplemented.