Designation of Actions. All Legal Actions of the Investor with respect to the Loan(s), the Secured Property, and the REO shall be taken in the name of the Owner, unless otherwise agreed by the Owner. If a Foreclosure Sale results in an award of legal title to the Secured Property, the Owner shall ensure that the REO is promptly deeded to the Investor upon fulfillment of any and all remaining obligations of the Investor under this Agreement.
Appears in 4 contracts
Samples: Participation Finance Agreement (preREO LLC), Participation Finance Agreement, Participation Finance Agreement
Designation of Actions. All Legal Actions of the Investor with respect to the Loan(s), the Secured Property, and the REO shall be taken in the name of the Owner, unless otherwise agreed by the Owner. If a Foreclosure Sale results in an award of legal title to the Secured Property, the Owner shall ensure that the REO is promptly deeded to the Investor upon fulfillment of any and all remaining obligations of the Investor under this Agreement.. SAMPLE
Appears in 1 contract
Samples: Participation Finance Agreement
