Foreclosure Conveyance definition

Foreclosure Conveyance. Any conveyance of the Project by foreclosure of the Security Instrument, exercise of a power of sale under the Security Instrument or conveyance in lieu of foreclosure.
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Foreclosure Conveyance. Any conveyance of the Property by foreclosure of the Security Instrument, exercise of a power of sale under the Security Instrument or conveyance in lieu of foreclosure.
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Foreclosure Conveyance means a transaction involving:
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Examples of Foreclosure Conveyance in a sentence

  • If Lender shall become the owner of or acquire an interest in or rights to the Property pursuant to a Foreclosure Conveyance, the foregoing indemnification obligation shall survive such Foreclosure Conveyance.

  • If Lender shall become the owner of or acquire an interest in or rights to the Project by a Foreclosure Conveyance, the foregoing indemnification obligation shall survive such Foreclosure Conveyance.

  • If Lender shall become the owner of or acquire an interest in or rights to the Project pursuant to a Foreclosure Conveyance, the foregoing indemnification obligation shall survive such Foreclosure Conveyance.

  • This Indemnity will inure to the benefit of Lender and the successors and assigns of Lender (including (a) any participants of Lender with respect to the Loan and any person or entity to which the Loan is transferred, (b) any person or entity to which the Property is conveyed by Foreclosure Conveyance (a “Foreclosure Transferee”), and (c) the successors and assigns of Lender or any other Foreclosure Transferee as owner of the Property).

  • However, no separate subordination agreement is required for this Agreement to be subordinate to the First Deed of Trust; and no separate agreement is required for Member to be obligated to honor this Agreement and to recognize Mortgage Lender or its successors or assigns who becomes the new owner of the Park as a result of a Foreclosure Conveyance, as Member’s landlord with the right to collect rent, manage the Park and enforce this Agreement and the Rules and Regulations.

  • The Corporation shall assign all its rights in and to the property management agreement to Mortgage Lender, so as to take effect in the event of any default in the Sale and Loan Documents, or any of them, or in the event of any Foreclosure Conveyance.

  • Except as otherwise provided herein, Indemnitor's obligations will survive repayment of the Loan and will survive any conveyance of the Property (including any Foreclosure Conveyance).

  • Debtor is neither a party to, nor, except as disclosed in the Transfer Agreement, has it any notice or knowledge of, any pending or threatened action, suit, proceeding or investigation involving it, at law or in equity or otherwise, in, before or by a court or any governmental board, commission, agency, department or officer, in which an adverse determination would have a material adverse effect on the assets or financial condition of Debtor or the Collateral described herein.

  • New Applicants) Important Note:• Respond to the questions as though the person(s) reviewing your application know(s) nothing about your organization or the services your organization provides.• Answer every question regardless of whether you believe you have already provided the answer in previous questions.• Clearly identify the partners in your community that you collaborate with and all services provided.

  • If Lender shall become the owner of or acquire an interest in or rights to the Project by a Foreclosure Conveyance, the foregoing indemnification obligation shall survive such Foreclosure Conveyance but only as to matters which arose prior to the Foreclosure Conveyance.


More Definitions of Foreclosure Conveyance

Foreclosure Conveyance means and shall refer to any judicial foreclosure, nonjudicial foreclosure, deed-in-lieu of foreclosure or other voluntary or involuntary transfer of the ownership interest in the Park from the Corporation to Mortgage Lender.
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Foreclosure Conveyance. As defined in the Loan Agreement.
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Related to Foreclosure Conveyance

  • Public conveyance means a conveyance that the public or a portion of the public has access to and a right to use for transportation, including an airline, railroad, bus, boat, or other public conveyance.

  • Foreclosure Property shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Foreclosure Event means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • Conveyance shall have the meaning specified in Subsection 2.01(a).

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.

  • 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.

  • Conveyance Date means the date of a Conveyance, as specified on Schedule A hereto or in the applicable Purchase Notice.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Fixture filing means the filing of a financing statement covering goods that are or are to become fixtures and satisfying section 9502(1) and (2). The term includes the filing of a financing statement covering goods of a transmitting utility which are or are to become fixtures.

  • Assignment of Leases and Rents means that certain Assignment of Leases and Rents of even date herewith by and between Borrower and Lender.

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Financing Statement means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Rents from Real Property With respect to any REO Property, gross income of the character described in Section 856(d) of the Code.

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Foreclosure Profits As to any Distribution Date or related Determination Date and any Mortgage Loan, the excess, if any, of Liquidation Proceeds, Insurance Proceeds and REO Proceeds (net of all amounts reimbursable therefrom pursuant to Section 3.10(a)(ii)) in respect of each Mortgage Loan or REO Property for which a Cash Liquidation or REO Disposition occurred in the related Prepayment Period over the sum of the unpaid principal balance of such Mortgage Loan or REO Property (determined, in the case of an REO Disposition, in accordance with Section 3.14) plus accrued and unpaid interest at the Mortgage Rate on such unpaid principal balance from the Due Date to which interest was last paid by the Mortgagor to the first day of the month following the month in which such Cash Liquidation or REO Disposition occurred.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Leasehold Interests means all of each Loan Party’s right, title and interest in and to, and as lessee of, the premises identified as leased Real Property on Schedule 4.4 hereto.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.