Pipeline Loans definition

Pipeline Loans means all potential Mortgage Loans which are in one of various stages of loan origination, approval and processing at the Company or one of its Subsidiaries, but which, as of the time of consummation of a Cendant Put, a Two Year Put, a Purchase Right transaction, a Special Termination Put or a Non-Renewal Put, shall not have closed and funded.

Pipeline Loans means applications in process for mortgage loans to be made by the Company which have not closed or funded as of the Closing Date.

Pipeline Loans has the meaning set forth in Section 12.2(c).

Examples of Pipeline Loans in a sentence

• The termination of this Agreement shall not affect the rights and obligations of the parties with respect to Loans for which Confirmations have previously been issued ("Pipeline Loans"), or transactions and occurrences that take place prior to the effective date of termination, and Correspondent shall purchase Pipeline Loans as provided in Section 1.3 if all conditions set forth in the Confirmation are met, except as otherwise provided by Applicable Law.

• On the Effective Date, the Loans Held for Sale, the Portfolio Loans and the Pipeline Loans will be valid and enforceable in accordance with their terms and the Merger will effectively vest in FNB Bank good and marketable title to the Loans Held for Sale, the Portfolio Loans and the Pipeline Loans free and clear of any and all Liens.

• Except as otherwise expressly provided herein, Sellers shall be responsible for all transfer and recording fees, costs with respect to delivery of the custodial and other loan files and mortgage servicing records relating to the Acquired Warehouse Loans and the Pipeline Loans and other related costs incurred by Sellers in their performance of their obligations under this Agreement, together with fees of Sellers' document custodian, attorneys and accountants.

• For the avoidance of doubt, there shall be no adjustment for any commissions on Seller Unlocked Pipeline Loans that have not funded and closed by the time that such certificate is due.

• Two Business Days prior to Closing, the Included Business will have under application Pipeline Loans having not less than $200 million in unpaid principal balance, of which, approximately $100 million will be “rate locked” or will be expected to close within 30 days from the Closing Date.

More Definitions of Pipeline Loans

Pipeline Loans means those Locked Pipeline Loans and Unlocked Pipeline Loans set forth in Section 3.31(a) of the Disclosure Schedule.

Pipeline Loans means the potential mortgage loans and loan commitments for which the Seller has received signed applications and deposits.

Pipeline Loans means each of those pending mortgage loans to be secured by a first priority mortgage lien on a one- to four-family residential property or, in the case of a subordinate lien mortgage loan, a mortgage loan to be entered into simultaneously with a first lien mortgage loan for the purpose of purchasing or refinancing the purchase of a one- to four-family residential property (e.g., a FNMA 80-10-10 loan), (i) with respect to which a Selling Company has (a) issued a commitment or otherwise agreed with an applicant to fund, (b) determined to fund, (c) committed to a specified interest rate or (d) issued a commitment (including without limitation bulk commitments and assignments of trades) or otherwise agreed with a correspondent originator or purchaser to purchase (including those mortgage loans that are pending with a correspondent originator or purchaser and that otherwise meet a Selling Company's acquisition criteria for such mortgage loans) and (ii) which has not closed (or been purchased from the correspondent) as of the Effective Time;

Pipeline Loans means the Locked Pipeline Loans, the Unlocked Pipeline Loans and any other Loans for which Company Bank has issued a commitment to originate, collectively; and

Pipeline Loans means, as of the Effective Date, (a) applications for Mortgage Loans (but excluding any application for a Mortgage Loan that would be subordinate in priority to any other existing Mortgage Loan encumbering the Mortgaged Property) received by Seller as part of the Business and (b) Pipeline Commitments, and in the case of each of (a) and (b), as set forth in Section 4.16(a) of the Disclosure Schedules.

Pipeline Loans means those pending loans to be secured by a first priority mortgage lien on a one-to-four family residence with respect to which SBS has taken an application or has agreed in writing with an originator to purchase, including those loans which are pending with a correspondent or wholesale originator as of the related date of determination and which meet SBS's acquisition criteria for such loans, but which have not yet closed or been purchased from the correspondent or wholesale originator on such date of determination.

Pipeline Loans means the Mortgage Loans acquired by the Borrower pursuant to the terms of the Supplemental Sale Agreement from time to time, and financed hereunder;