Deed in Lieu Closing definition

Deed in Lieu Closing means the date on which Closing (as defined in the Deed in Lieu Agreement) occurs pursuant to the Deed in Lieu Agreement and Seller acquires the Deed in Lieu Assets from the Borrowers.
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Deed in Lieu Closing means the closing of the conveyance of the Property to Lender or Lender’s designee by Borrower in lieu of foreclosure pursuant to a Deed in Lieu Agreement and Deed in Lieu Closing Deliveries.
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Deed in Lieu Closing means the closing of the conveyance of the Property to Lender or Lxxxxx’s designee by Borrower in lieu of foreclosure pursuant to a Deed in Lieu Agreement and Deed in Lieu Closing Deliveries.
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Examples of Deed in Lieu Closing in a sentence

  • On the Deed in Lieu Closing Date and at such time as the Escrow Agent is in possession of all items required to be delivered pursuant to subsections (d), (e) and (f) hereinabove, Borrower and Lender shall each instruct the Escrow Agent, as escrow and closing agent, to (i) deliver to Lender the Deed in Lieu Documents, and (ii) deliver to Borrower the Lender Release.

  • The provisions of this Section shall survive a Deed in Lieu Closing.

  • Such amount shall be paid to Lender as of the following, as applicable, the date of Deed in Lieu Closing, or, if there is no Deed in Lieu Closing, promptly after demand of Lender on or after the Valid Tender Date (if the Valid Tender Date is established by a method other than the date of the Deed in Lieu Closing), and Guarantor’s payment to Lender of such determined and fixed Recourse Guaranteed Amount shall constitute Guarantor's performance in full of its obligations under this Guaranty.

  • The Deed in Lieu Closing shall have occurred and the Seller shall have acquired the Deed in Lieu Assets pursuant to the Deed in Lieu Agreement.

Related to Deed in Lieu Closing

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Second Closing has the meaning set forth in Section 2.2.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Second Closing Date means the date of the Second Closing.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • First Closing has the meaning set forth in Section 2.1(a).

  • Additional Closing Date has the meaning set forth in Section 3.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Closing has the meaning set forth in Section 2.2.

  • Tender Closing Date means the date and time set out in column (C) of Part 1 of the Schedule to the Tender Notice;

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.