BPO. The BPO (Broker Price Opinion) is an evaluation and estimation of the market value of the property. The BPO is ordered by the Lender to establish the present market value of the property as part of the Short Sale process.
BPO. With respect to (a) each Mortgage Loan or Contributed Asset that is subject to a proposed Transaction, Sellers shall have delivered to Buyer the BPO value and related valuation date for such Mortgage Loan or Contributed Asset, and, on the request of Buyer, a true and complete copy of Sellers’ copy of the related BPO and (b) each Rental Property, the REO Subsidiary shall have delivered to Buyer a true and complete copy of an BPO for such Rental Property dated no more than sixty (60) days prior to the requested Purchase Price Increase Date or the REO Conversion Date;
BPO. The related Seller shall deliver to Buyer with respect to each Mortgaged Property related to a Loan, (i) with respect to the initial Purchase Date related to a Loan, a BPO obtained by such Seller not more than 180 days prior to the initial Purchase Date, and (ii) thereafter for so long as such Loan is subject to a Transaction hereunder, an updated BPO every 180 days, or less frequently as otherwise requested by Buyer.
BPO. BPO represents and warrants that (i) it will provide any implementation and configuration and all support services to Customers for the Service in a professional and workmanlike manner consistent with reasonably applicable general industry standard and practices and with personnel reasonably skilled to perform such services, (ii) it has all rights necessary to provide the Customer Data to SAP for use as contemplated herein, and (ii) it shall not make marketing statements, offers or representations or warranties about the Service that are untruthful or inconsistent with the Documentation. 9.3
BPO. Section 2 BPO Transaction BPO is a separate obligation from the relevant Trade Transaction which the Obligor Bank is obliged to pay the Payment Amount with respect to the Trade Transaction for which the Obligor Bank has issued a BPO to the Recipient Bank of such Trade Transaction pursuant to the terms and conditions of that BPO.
BPO. With respect to each Mortgage Loan or Underlying REO Property that is subject to a proposed Transaction, Sellers shall have delivered to Buyer the BPO value and related valuation date for such Mortgage Loan or Underlying REO Property, and, on the request of Buyer, a true and complete copy of Sellers’ copy of the related BPO;
BPO. A real estate professional’s reasonable estimated value of an underlying residential property subject to a Mortgage Loan, which has been conducted not more than two-hundred ten (210) days prior to any date of determination.
BPO. Seller shall deliver to Buyer with respect to each Mortgaged Property related to a Loan, (i) with respect to the initial Purchase Date related to such Loan, a BPO obtained by Seller not more than one hundred fifty (150) days prior to such initial Purchase Date, (ii) thereafter, for so long as such Loan is a Delinquent Loan and subject to a Transaction hereunder, an updated BPO every one hundred and eighty (180) days from the prior BPO, and (iii) thereafter, for so long as such Loan is contractually current and subject to a Transaction hereunder, an updated BPO every twelve (12) months from the prior BPO; provided, however, that Seller will provide any additional BPOs requested by Buyer from time to time in its reasonable discretion, at Buyer’s expense.
BPO. With respect to a Delinquent Mortgage Loan, Seller shall deliver to Purchaser an updated broker’s price opinion within a reasonable time after commencing the foreclosure proceedings of such Delinquent Mortgage Loan. In addition, Seller shall repurchase any such Mortgage Loan prior to its conversion to an REO Property.
BPO. The related Seller shall deliver to Buyer with respect to each Mortgaged Property related to a Loan, (i) with respect to the initial Purchase Date related to a Loan that is (a) not a Delinquent Loan, a BPO obtained by such Seller not more than 360 days prior to the initial Purchase Date or (b) a Delinquent Loan, a BPO obtained by such Seller not more than 150 days prior to the initial Purchase Date, and (ii) thereafter for so long as such Loan is subject to a Transaction hereunder, an updated BPO every 360 days, or less frequently as otherwise requested by Buyer.
