Unlocked Pipeline Loans definition

Unlocked Pipeline Loans means applications in process for Loans to be made by Company Bank that have not been registered and designated as price protected on Company Bank’s Loan origination system and that have not closed or funded.
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Unlocked Pipeline Loans means the applications for Mortgage Loans (including pre-qualification applications) taken by Loan Officers of Seller and entered into the pipeline tracking system of the Seller prior to the third (3rd) Business Day prior to the applicable Closing Date, in each case, which are active but not locked, closed or funded before such time.
Sample 1
Unlocked Pipeline Loans means, the entire pipeline of Mortgage Loan applications and leads registered in Sellers’ loan origination system that: (a) were taken by any employee reasonably anticipated to become a Transferred Employee following the applicable Closing Date, (b) have not yet been funded, (c) have been entered into a Seller’s pipeline tracking system, and (d) do not have an active rate lock commitment with the borrower (i.e. are not “locked”); provided, however, that “Unlocked Pipeline Loans” shall not include: (x) mortgage loan leads older than 12 months prior to the applicable Closing Date or (y) mortgage loan applications and leads for construction loans, bond programs, adjustable-rate mortgage loans, cooperative bank loans, home equity lines of credit, 203k loans, reverse mortgages, non-mortgage (commercial) loans, brokered loans or brokered out loans.
Sample 1

Examples of Unlocked Pipeline Loans in a sentence

  • To the extent that the Seller Unlocked Pipeline Loans relating to the Actual Seller-Owed Commissions are closed, Seller shall pay the Actual Seller-Owed Commissions to the Business Employees (that are not Hired Employees) that originated such Seller Unlocked Pipeline Loans that closed.

  • 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.

  • The Seller has complied in all material respects with all Pipeline Loan Regulations which relate to any of the Unlocked Pipeline Loans for the applicable stage of processing.

  • The report of the Unlocked Pipeline Loans dated as of the date hereof set forth in Section 2.23 of the PHH Disclosure Letter (the “Pipeline Report”) is correct and complete in all material respects as of the date hereof.

Related to Unlocked Pipeline Loans

  • Line-make means the name of the motor vehicle manufacturer or distributor and a brand or name

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Enclosed, locked facility means a building, room, greenhouse, outdoor fenced-in area, or other location that is enclosed on all sides and prevents cannabis from easily being viewed by the public. The facility shall be equipped with locks or other security devices that permit access only by:

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Period means the period beginning at the close of business on the Series Cut-Off Date and ending on the earlier of (a) the close of business on the day immediately preceding the day the Controlled Accumulation Period commences and (b) the close of business on the day immediately preceding the day the Early Amortization Period commences.

  • Drip irrigation means any non-spray low volume irrigation system utilizing emission devices with a flow rate measured in gallons per hour. Low volume irrigation systems are specifically designed to apply small volumes of water slowly at or near the root zone of plants.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.

  • Master Account Approval List means the list of Attendee reservations and Dates which the Judicial Council has authorized the Contractor to xxxx associated sleeping room charges and tax against the Judicial Council’s Master Account.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Stand Alone System Upgrade Facilities means System Upgrade Facilities that a Developer may construct without affecting day-to-day operations of the New York State Transmission System during their construction. NYISO, the Connecting Transmission Owner and the Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify them in Appendix A to this Agreement.

  • Compressed natural gas means a mixture of hydrocarbon gases and vapors that consists primarily of methane in gaseous form that has been compressed for use as a fuel to propel a motor vehicle.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.