Distressed Sale definition

Distressed Sale means – 1.1.15.1 a distressed sale or a sale in execution where a bank or financial institution as mortgage bond holder in respect of the Property legally attaches and sells the Property due to failure of the Purchaser, as registered owner thereof, to fulfil its obligations towards such mortgage bond holder; 1.1.15.2 a sale where a bank or financial institution as mortgage bond holder in respect of the Property assists the Purchaser, as registered owner of the Property, with the sale of the Property in accordance with the requirements of the relevant mortgage bond holder’s formal programmes to assist distressed customers to sell their immovable properties in instances of failure of the Purchaser as registered owner of the Property to fulfil its obligations towards the relevant mortgage bond holder; and/or 1.1.15.3 where a bank or financial institution as mortgage bond holder in respect of the Property legally attached the Property due to failure of the Purchaser as registered owner of the Property to fulfil its obligations towards the said mortgage bond holder and took transfer of the Property and thereafter sold the Property;
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Distressed Sale means any of the following -
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Distressed Sale means –
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Examples of Distressed Sale in a sentence

  • The provisions of this clause 11.9 in relation to the payment of the said amount payable to the HOA by the Purchaser shall not apply in the event of a Distressed Sale.

  • If, the Vendor is in a Distressed Sale Situation, or wishes to sell the Second Sale Stock prior to the lapse of two years from the date hereof, the Vendor may propose to sell all but not some of the Second Sale Stock to the Purchaser for 50% of the Second Sale Stock Consideration.

  • The provisions of this clause 15.8 in relation to the payment of the said amount payable to the HOA by the Purchaser shall not apply in the event of a Distressed Sale.

  • If the Purchaser is in a Distressed Sale Situation, or the Purchaser wishes to sell the First Sale Stock prior to the lapse of two years from the date hereof, the Purchaser may propose to sell all, but not some, of its Stock to the Vendor for 50% of the Second Sale Stock Consideration.

  • After color classification a set of regions remains containing all the regions that possibly are part of the cube.

  • Post Distressed Sale Member”) will be liable for the Normal Levy for the first 4 (four) full months after the date of registration of the Erf in his name, to enable him to prepare plans and obtain a Site Handover Certificate (“SHOC”) which is a certificate issued by the HOA after approval of the building plans by the HOA and Drakenstein Municipality.

  • Also, in order to provide and promote a quality and professional appearance during the Show, signage like: Bank Repos, Bank Owned, Distressed Sale, etc will not be allowed.

  • The provisions of this clause 10.8 in relation to the payment of the said amount payable to the HOA by the Purchaser shall not apply in the event of a Distressed Sale.

  • The likely result would be an accelerated forced sale that would provide an even less favorable outcome compared to the Distressed Sale as contemplated in Table 2 above.We consider in this scenario that the appointed liquidator may only have funds to run a sale process over a period of three months.


More Definitions of Distressed Sale

Distressed Sale means a Liquidity Event in which the price per share of Common Stock received by the CCMP Investors is less than the Issue Price.
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Distressed Sale has the meaning set forth on Section 7.6(g)
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Related to Distressed Sale

  • Distressed means satisfying the criteria applicable to a locality described in subdivision E 2 of

  • Distressed Person has the meaning set forth in the definition of “Lender-Related Distress Event.”

  • Double distressed means satisfying the criteria applicable to a locality described in subdivision E 3

  • Distress Event means any of:

  • Distressed area means a local governmental unit that meets all of the following:

  • Company Sale means a transaction with a third Person that is not an Affiliate of the Company or group of third Persons that, acting in concert, do not collectively constitute Affiliates of the Company, pursuant to which such Person or Persons acquire, in any single transaction or series of related transactions, (i) all of the outstanding Equity Securities of the Company, (ii) all or substantially all of the assets of the Company and its Subsidiaries or (iii) Equity Securities of the Company authorized and issued following the Effective Date and possessing the power to elect or appoint a majority of the Board of Managers (or any similar governing body of any surviving or resulting Person).

  • Distressed merchandise means an alcoholic product in the possession of the

  • Permitted Sale means those sales, transfers or assignments permitted by the Credit Agreement.

  • Proposed Sale has the meaning set forth in Section 2.4(a).

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Distressed municipality means a municipality that is qualified

  • Sale as used in this paragraph shall have the meanings ascribed thereto by governing law and any interpretation thereof contained in rules or regulations promulgated by the Securities and Exchange Commission thereunder.

  • Qualified Sale means a sale made by a qualified person through a charitable auction.

  • Approved Sale has the meaning set forth in 2.1(d).

  • Distressed Mortgage Loan Any Mortgage Loan that at the date of determination is Delinquent in payment for a period of 90 days or more without giving effect to any grace period permitted by the related Mortgage Note or for which the applicable Servicer or the Trustee has accepted a deed in lieu of foreclosure.

  • Asset Transfer means a sale, lease or other disposition of all or substantially all of the assets of the Company.

  • Third Party Sale means any sale for resale in interstate commerce to a Power Purchaser that is not designated as part of Network Load under the Network Integration Transmission Service but not including a sale of energy through the PJM Interchange Energy Market established under the PJM Operating Agreement.

  • Severely Distressed Receivable means, as of any date of determination, a Receivable (other than a Repurchased Receivable) (i) that is 60 or more days delinquent or, if less than 60 days delinquent, the related Obligor has experienced a hardship and, in the judgment of the Servicer in accordance with its Customary Servicing Practices, it is reasonably foreseeable that the Obligor will be unable to pay the Principal Balance of, and accrued and unpaid interest and fees on, such Receivable in accordance with its terms, (ii) that is a Defaulted Receivable, (iii) for which the Obligor is the subject of a bankruptcy or other insolvency proceeding, (iv) for which the related Financed Vehicle has been repossessed (or for which the Servicer has initiated repossession proceedings), (v) for which the related Financed Vehicle has been subject to theft or suffered destruction or damage that would be determined to be beyond repair in accordance with Customary Servicing Practices or (vi) for which the maturity date is in less than six months and, in the judgment of the Servicer in accordance with its Customary Servicing Practices, it is reasonably foreseeable that the Obligor will be unable to pay the Principal Balance of, and accrued and unpaid interest and fees on, such Receivable by the maturity date.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • M&A Transaction means (a) a transaction in which all or substantially all of the assets to which the subject matter of this Agreement relates are acquired by or assigned to party that is not an Affiliate, or (b) a sale of all or substantially all of the share capital of BioLine (or its Affiliates), (c) the merger of BioLine (or its Affiliates) with any other entity, or any other similar corporate action, except an internal reorganization of BioLine (or its Affiliates) for tax-related reasons otherwise.

  • Foreclosure means the process culminating in the acquisition of title to a Mortgaged Property in a foreclosure sale or by a deed in lieu of foreclosure or pursuant to any other comparable procedure allowed under Applicable Requirements.

  • Block Sale means the sale of Registrable Securities to one or several purchasers in a registered transaction by means of (i) a bought deal, (ii) a block trade or (iii) a direct sale.

  • Purchase Transaction means a purchase of scrap metal, or the purchase of property described in section 10 if the knowing purchase or offer to purchase that property is not prohibited by that section, by a scrap metal dealer. The term does not include any of the following:

  • Bill xx Sale means a bill xx sale substantially in the form attached hereto as Exhibit B.