Foreclosure Proceedings definition

Foreclosure Proceedings. Proceedings or action for foreclosure, deed in lieu of foreclosure or trustee's sale with respect to any Mortgage Loan and the related Mortgaged Property.
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Foreclosure Proceedings. With respect to any Mortgage Loan, the period commencing with a determination by the related Servicer that it is required, pursuant to the terms of the related Servicing Agreement, to put a stop code on such Mortgage Loan in the Servicer's system whereby the Servicer will not accept any payments on the Mortgage Note other than a payment in full.
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Foreclosure Proceedings means the proceedings styled as follows: M&I ▇▇▇▇▇▇▇▇ & ILSLEY BANK, Plaintiff, v. CONSTITUION TRAIL, ▇.▇.▇▇., ▇▇▇▇ CONSTRUCTION CO. n/k/a ▇▇▇▇ CONSTRUCTION, ▇▇▇▇▇▇▇▇ GROUNDS MAINTENANCE, INC., ▇▇▇▇▇▇ ELECTRIC, INC., ▇.▇. ▇▇▇▇▇▇▇▇ COMPANY, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, UNKNOWN OWNERS, and NON-RECORD CLAIMANTS, Defendants.
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Examples of Foreclosure Proceedings in a sentence

  • In the event that the Indenture Trustee, following an Event of Default hereunder, institutes Foreclosure Proceedings, the Indenture Trustee shall promptly give a notice to that effect to the Issuers and each Rating Agency.

  • In the event that the Indenture Trustee, following an Indenture Event of Default, institutes Foreclosure Proceedings, the Indenture Trustee shall promptly give a notice to that effect to the Issuer and the Rating Agency.

  • In cases in which any Mortgaged Property is located in a federally designated special flood hazard area, the hazard insurance to be maintained for the related Mortgage Loan, or on property acquired in Foreclosure Proceedings, shall include flood insurance.

  • In the event that title to any Mortgaged Property securing a Mortgage Loan is acquired in Foreclosure Proceedings, the deed or certificate of sale shall be issued to the Custodial Agent, on behalf of Certificateholders to the extent of their interest therein.

  • In the event that the Indenture Trustee, following an Event of Default hereunder, institutes Foreclosure Proceedings, the Indenture Trustee shall promptly give a notice to that effect to the Issuer.

  • In the event that the Indenture Trustee, following an Event of Default hereunder, institutes Foreclosure Proceedings, the Indenture Trustee shall promptly give a notice to that effect to the Issuers, the Insurers and each Rating Agency.

  • In the event that the Indenture Trustee, following an Event of Default hereunder, institutes Foreclosure Proceedings, the Indenture Trustee shall promptly give a notice to that effect to the Issuer, the Insurer and each Rating Agency.

  • The Servicer also shall maintain, on property acquired in Foreclosure Proceedings, hazard insurance with extended coverage in an amount which is at least equal to the lesser of (i) the maximum insurable value from ------ time to time of the improvements which are a part of such property or (ii) the principal balance of such Loan at the time of such Foreclosure Proceedings, plus accrued interest and the good-faith estimate of the Servicer of related expenses to be incurred in connection therewith.

  • In cases in which any Mortgaged ------------ Property securing a Secured Loan is located in a federally designated special flood hazard area, the hazard insurance to be maintained for the related Loan, or on property acquired in Foreclosure Proceedings, shall include flood insurance.

  • This Agreement expressly authorizes the Bank to commence and prosecute the Foreclosure Proceedings.


More Definitions of Foreclosure Proceedings

Foreclosure Proceedings means the court proceedings (including, without limitation, any proceedings, process and/or acts in connection with the enforcement of any judgment or settlement agreement) by which a creditor seeks payment of the outstanding amount of a mortgage loan, together with the related interest and expenses, pursuant to PRC Law. Foreclosure Proceedings include, but are not limited to, auctions of property subject to a Mortgage in full or partial satisfaction of a non-performing loan.
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Foreclosure Proceedings means the foreclosure proceedings initiated by Pala on the Intellectual Property Collateral on [DATE] in connection with the Debenture.
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Foreclosure Proceedings means the foreclosure by any means provided for in the Mortgage or at law or in equity, including, without limitation, the taking of possession of the Premises pursuant to the Mortgage. LEASE shall mean the lease dated as of the date specified in ITEM 1 OF THE TERM SHEET between Landlord and Tenant covering the Premises. MORTGAGEE shall include, after any assignment of the Note and the Mortgage, the then holder of the Note and the Mortgage. PREMISES shall mean the property described in Exhibit 1. SUBTENANT shall mean the Dealer as defined in the Lease.
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Foreclosure Proceedings means, in respect of the Loan Receivables, any foreclosure proceeding by which the creditor of a Loan Receivable seeks payment of the outstanding amount of such Loan Receivable together with the relevant interest and expenses, pursuant to applicable law.
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Foreclosure Proceedings means (a) the commencement of judicial proceedings for the collection of the Obligations or the foreclosure of liens against any of the collateral securing the Obligations, (b) the nonjudicial foreclosure of any of the collateral securing the Obligations in accordance with the terms of the applicable Loan Document and the Uniform Commercial Code, as applicable, (c) a combination of (a) and (b), or (d) the exercise of any other remedies under the Loan Documents, including any right of setoff.
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Related to Foreclosure Proceedings

  • CCAA Proceedings means the proceedings commenced by the Applicant under the CCAA as contemplated by the Initial Order;

  • winding-up proceedings means collective proceedings involving realisation of the assets and distribution of the proceeds among the creditors, shareholders or members as appropriate, which involve any intervention by administrative or judicial authorities, including where the collective proceedings are terminated by a composition or other analogous measure, whether or not they are founded on insolvency or are voluntary or compulsory;

  • Foreclosure Proceeds Proceeds, net of any related expenses of the Servicer, Special Servicer, the Certificate Administrator and/or the Trustee, received in respect of any Foreclosed Property (including, without limitation, proceeds from the operation or rental of such Foreclosed Property) prior to the final liquidation of the Foreclosed Property.

  • 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 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.