Foreclosed Property Disposition definition

Foreclosed Property Disposition means the final sale of a Foreclosed Property or of Repossessed Property. The proceeds of any “Foreclosed Property Disposition” constitute part of the definition of Liquidation Proceeds.
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Foreclosed Property Disposition. The final sale of a Foreclosed Property acquired in foreclosure or by deed in lieu of foreclosure. The proceeds of any Foreclosed Property Disposition constitute part of the definition of Liquidation Proceeds. FTA: Xxxxxx Services Corp., in its capacity as the Fiscal and Transfer Agent of the SBA under the Multi-Party Agreement, or any successor thereto appointed by the SBA.
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Foreclosed Property Disposition. The final sale of a Foreclosed Property ------------------------------- acquired in foreclosure or by deed in lieu of foreclosure or of Repossessed Collateral acquired by legal process. The proceeds of any Foreclosed Property Disposition constitute part of the definition of Liquidation Proceeds.
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Examples of Foreclosed Property Disposition in a sentence

  • The proceeds of any Foreclosed Property Disposition constitute part of the definition of Liquidation Proceeds.

Related to Foreclosed Property Disposition

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • Permitted Disposition means any of the following:

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Casualty Event means any event that gives rise to the receipt by the Borrower or any Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property.