Unlocked Pipeline Loans definition

Unlocked Pipeline Loans means applications in process for Mortgage Loans to be made by the Corporation which have not been registered and designated as price protected on the Corporation’s residential mortgage loan origination system and which have not closed or funded.
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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.
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Examples of Unlocked Pipeline Loans in a sentence

  • 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.

  • 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.


More Definitions of Unlocked Pipeline Loans

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.
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Related to Unlocked Pipeline Loans

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • 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.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Clean coal SNG facility means a facility that uses a

  • Special purpose spray adhesive means an aerosol adhesive that meets any of the following definitions:

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Revolving Period means the period beginning on the Closing Date and ending at the close of business on the day immediately preceding the earlier of the day the Controlled Accumulation Period commences or the day the Early Amortization Period commences.

  • 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.

  • 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 has the meaning assigned to such term in Section 2.05(k).

  • Revolving Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • 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.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Plug-in Hybrid Electric Vehicle (PHEV) means a vehicle that is similar to a Hybrid but is equipped with a larger, more advanced battery that allows the vehicle to be plugged in and recharged in addition to refueling with gasoline. This larger battery allows the car to be driven on a combination of electric and gasoline fuels.

  • Wireline backhaul facility means a facility used to transport services by wire or fiber-optic cable from a wireless facility to a network.

  • Health facility means the medical college and hospital or the teaching hospital or the district/ sub-division etc. hospital to which the goods and/ or services under the contract shall be supplied.

  • Swingline Loans as defined in Section 2.6.

  • Generation Interconnection Facilities Study means a Facilities Study related to a Generation Interconnection Request.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).