Loans in Process definition

Loans in Process means any Mortgage Loan that, as of any date of determination, has not closed.
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Examples of Loans in Process in a sentence

  • No later than seven (7) business days of Seller's receipt of a notice of termination by Purchaser, or Seller's issuance of a notice of termination to Purchaser, Seller shall provide Purchaser with a list of Loans for which applications are pending ("Loan(s) in Process").

  • The parties' respective rights and obligations under Article II of this Agreement, solely with respect to such Loan(s) in Process, shall continue for a period of forty-five (45) days following the Seller's issuance of the Loans in Process list; provided, however, that in the event the termination notice is issued by Seller, such continuation following the termination date shall be at Purchaser's sole discretion.

  • The parties' respective rights and obligations under Article II of this Agreement, solely with respect to such Loan(s) in Process, shall continue for a period of forty- five (45) days following the Seller's issuance of the Loans in Process list; provided, however, that in the event the termination notice is issued by Seller, such continuation following the termination date shall be at Purchaser's sole discretion.