Foreclosure Procedures definition

Foreclosure Procedures means the written agreement by Buyer and Seller as to the procedures to be adhered to by Seller and its affiliates in connection with the exercise of remedies (including foreclosure) under the senior mezzanine loan made under the Senior Mezzanine Loan Agreement, which, among other things, will require that any foreclosure or purchase result in the related assets being acquired by KBS Acquisition.
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Examples of Foreclosure Procedures in a sentence

  • Section 13.4 Foreclosure Procedures........................................

  • Section 13.4 Foreclosure Procedures...........................................

  • Seller shall use its best efforts to comply with the Foreclosure Procedures.

  • Collection Procedures; Claim for FHA Insurance and Foreclosure Procedures.....................................................

  • Section 13.4 Foreclosure Procedures............................................

  • Moreover, if action is taken by a third party creditor against a Borrower prior to the Servicer following the sale of the SME Receivables to the Issuer, the Seller will not control the Foreclosure Procedures but rather will become subjected to any prior foreclosure procedures initiated by a third party creditor prior to the institution of Foreclosure Procedures by the Servicer.

  • Without prejudice to the information set out in Section 13 (Servicing of the SME Receivables) below, in case of the procedures set out in Schedule 1 to the Servicing Agreement (Foreclosure Procedures), the sale proceeds of the sale of the Loan Security may not entirely cover the outstanding amount under such SME Loan.

  • Section 13.4 Foreclosure Procedures .......................................

  • Section 13.4 Foreclosure Procedures.............................................

  • Section 13.4 Foreclosure Procedures...................................