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

• As of the date hereof, the Seller has received signed applications and deposits for each of the Pipeline Loans.

• Schedule 3.18(m) of the Disclosure Schedules sets forth a true and complete list of Pipeline Loans as of the date as of the date of such Schedule (which shall not be more than five Business Days prior to the date of this Agreement).

• Each of the Seller Pipeline Loans arose out of bona fide transactions in the Ordinary Course of Business and was originated on a retail basis.

• The influence of the quality of the built environment on social cohesion in English neighbourhoods.

• Leased Employees shall be used by Seller solely for the purpose of enabling Seller to (i) close and fund Excluded Pipeline Loans, (ii) sell and ship any Mortgage Loans and (iii) assist in the Wind Down.

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

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;

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 applications for Mortgage Loans taken by Employees of Seller or approved correspondents of Seller and entered onto Seller’s pipeline tracking system.