Common use of Title, Management and Disposition of Foreclosed Property Clause in Contracts

Title, Management and Disposition of Foreclosed Property. (a) In the event that title to Collateral is acquired in foreclosure or by deed in lieu of foreclosure or by other legal process, the deed or certificate of sale, or the Repossessed Collateral, shall be taken in the name of the Issuer for the benefit of the Securityholders and the Hedge Counterparties.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Title, Management and Disposition of Foreclosed Property. (a) In the event that title to Collateral Related Property is acquired by the Servicer hereunder in foreclosure or by deed in lieu of foreclosure or by other legal process, the deed or certificate of sale, or the Repossessed CollateralProperty, shall be taken in the name of the Issuer for the benefit of the Securityholders and the Hedge CounterpartiesSecurityholders.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (Ares Capital Corp)

Title, Management and Disposition of Foreclosed Property. 5.9 (a) In the event that title to Collateral is acquired in foreclosure or by deed in lieu of foreclosure or by other legal process, the deed or certificate of sale, or the Repossessed Collateral, shall be taken in the name of the Issuer for the benefit of the Securityholders and the Hedge CounterpartiesTrust.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MCG Capital Corp)

Title, Management and Disposition of Foreclosed Property. (a) In the event that title to Collateral is acquired in foreclosure or by deed in lieu of foreclosure or by other legal process, the deed or certificate of sale, or the Repossessed Collateral, shall be taken in the name of the Issuer for the benefit of the Securityholders and the Hedge Swap Counterparties.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Title, Management and Disposition of Foreclosed Property. (a) In the event that title to Collateral Related Property is acquired in foreclosure or by deed in lieu of foreclosure or by other legal process, the deed or certificate of sale, or the Repossessed Collateral, shall be taken in the name of the Issuer for the benefit of the Securityholders and the Hedge CounterpartiesSecurityholders.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

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Title, Management and Disposition of Foreclosed Property. (a) In the event that title to Collateral is acquired in foreclosure or by deed in lieu of foreclosure or by other legal process, the deed or certificate of sale, or the Repossessed Collateral, shall be taken in the name of the Issuer Trust for the benefit of the Securityholders and the Hedge CounterpartiesHolders.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MCG Capital Corp)

Title, Management and Disposition of Foreclosed Property. (a) In the event that title to Collateral Related Property is acquired in foreclosure or by deed in lieu of foreclosure or by other legal process, the deed or certificate of sale, or the Repossessed Collateral, shall be taken in the name of the Issuer for the benefit of the Securityholders and the Hedge Counterparties.. 103

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

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