Common use of Property Disposition Clause in Contracts

Property Disposition. Any sale or other disposition of Secured Property or REO shall be carried out by the Investor at such price and upon such terms and conditions as the Investor shall determine. The Investor shall be responsible for issuance of any foreclosure bidding instructions. Any final proceeds from the sale or other disposition of the Secured Property or REO shall be deposited in an account designated by Owner and distributed to the Investor, net of any funds owed under this Agreement, pursuant to the terms outlined in Paragraph 4 of this Agreement. The Investor shall be responsible for the expenses of such sale or other disposition and all Standard Expenses, including amounts owed to third parties as a result of a Foreclosure Sale, or as otherwise owed under applicable law.

Property Disposition. Any sale or other disposition of Secured Property or REO shall be carried out by the Investor at such price and upon such terms and conditions as the Investor shall determine. The Investor shall be responsible for issuance of any foreclosure bidding instructions. Any final proceeds from the sale or other disposition of the Secured Property or REO shall be deposited in an account designated by Owner and distributed to the Investor, net of any funds owed under this Agreement, pursuant to the terms outlined in Paragraph 4 of this Agreement. The Investor shall be responsible for the expenses of such sale or other disposition and all Standard Expenses, including amounts owed to third parties as a result of a Foreclosure Sale, or as otherwise owed under applicable law.

Property Disposition. Any sale or other disposition of Secured Property or REO disposition shall be carried out by the Investor at such price and upon such terms and conditions as the Investor shall determinedeems to be in the best interest of its Participation Interest. The Investor shall be responsible for issuance of any foreclosure bidding instructions. Any final proceeds from the sale or other disposition of the Secured Property or REO shall be deposited in an account designated by Owner the Seller and distributed to the Investor, net of any funds owed to the Seller under this Agreement, pursuant to the terms outlined in Paragraph 4 of this Agreement. The Investor shall be responsible for the expenses of such sale or other disposition and all Standard Expenses, including amounts owed to third parties as a result of a Foreclosure Sale, or as otherwise owed under applicable law.