Lock agreement definition

Lock agreement means an agreement with a borrower made by a mortgage banker, mortgage broker or mortgage loan orig- inator, in which the mortgage banker, mortgage broker or mortgage loan originator agrees that, for a specified period of time, a specif- ic interest rate or other financing term will be the rate or term at which it will make a loan available to that borrower.
Sample 1

Examples of Lock agreement in a sentence

  • MyState Bank offers a Rate Lock option which provides protection against any fixed rate increases for up to 90 days before or on the day of Settlement.Full details of the Rate Lock agreement, fees and payment are included on the Rate Lock form.

  • Interest rate hedging: In conjunction with a plan to issue long-term fixed rate debt in 2009 and in order to manage exposure to variability in the benchmark interest rate on which the fixed interest rate of the planned debt will be based, the Company entered into a Treasury Lock agreement (the “T- Lock”) with respect to $50 million of such future indebtedness.

  • If a customer selected received a prize and after competition decides to cancel the Price Lock agreement, will forfeit the prize.

  • The Borrower must also have full authorization to execute a Forward Rate Lock agreement and the Borrower shall provide the Bank with satisfactory evidence of such authorization.

  • To develop prospective studies following up soccer players during several seasons analyzing the multivariate risk factors from a biomechanical point of view.

  • Should Employee violate this provision of this Agreement, Company shall be entitled to an action for injunctive relief as well as monetary damages, and any payments of compensation remaining to be paid to Employee shall terminate and no longer be required to be paid to Employee.

  • The above quoted rates are subject to change until a Forward Rate Lock agreement is executed.

Related to Lock agreement

  • Restricted Stock Agreement means the agreement between the Company and the recipient of a Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share.

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, Xxxxxxxx, Genting WA and Tileska providing for the subscription of Units and Options;

  • Letter Agreement has the meaning set forth in the Recitals.

  • Common Stock Agreement means an agreement executed by a Common Stockholder and the Company as contemplated by Section 5, below, which imposes on the shares of Common Stock held by the Common Stockholder such restrictions as the Board or Committee deem appropriate.

  • Unit Agreement has the meaning set forth in the Declaration.

  • Put Option Agreement has the meaning set forth in the recitals.

  • Sub-grant Agreement means an agreement entered into, or proposed to be entered into, between the Bank and a Sub-grant Recipient; and

  • Consulting Agreement means any written or oral agreement to retain the services, for a fee, of a consultant for the purposes of (A) providing counsel to a contractor, vendor, consultant or other entity seeking to conduct, or conducting, business with the State, (B) contracting, whether in writing or orally, any executive, judicial, or administrative office of the State, including any department, institution, bureau, board, commission, authority, official or employee for the purpose of solicitation, dispute resolution, introduction or requests for information or (C) any other similar activity related to such contracts.

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Transition Agreement means the Transition Power Sales Agreement dated as of November 24, 1998, by and between Seller, Southern Energy, Southern Energy Bowline, L.L.C. and Southern Energy Xxxxxx, L.L.C.

  • Retention Agreements has the meaning set forth in Section 5.11(e).

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Stockholders Agreement means the Stockholders Agreement, dated as of the date hereof, by and among the Company and the other parties thereto.

  • Shareholders Agreement shall have the meaning set forth in the Recitals.

  • RSU Agreement means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Award of Restricted Stock Units.

  • Shareholder Agreement has the meaning set forth in the Recitals.

  • Reservation agreement means a written contract entered into between MBOH and the taxpayer to provide for a Reservation and setting forth the terms and conditions under which the taxpayer may obtain a Carryover Commitment or Final Allocation.

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit B attached hereto.

  • TRIPS Agreement means the Agreement on Trade-Related Aspects of Intellectual Property Rights;

  • Letter of Agreement means a written document that informally resolves a

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Service Agreement means the initial agreement and any amendments or supplements thereto entered into by the Transmission Customer and the Transmission Provider for service under the Tariff. Site:

  • Voting Agreement has the meaning set forth in the Recitals.