Foreclosure Proceedings definition

Foreclosure Proceedings means proceedings or actions for ----------------------- foreclosure, deed in lieu of foreclosure or trustee's sale with respect to any Secured 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 XXXXXXXX & ILSLEY BANK, Plaintiff, v. CONSTITUION TRAIL, X.X.XX., XXXX CONSTRUCTION CO. n/k/a XXXX CONSTRUCTION, XXXXXXXX GROUNDS MAINTENANCE, INC., XXXXXX ELECTRIC, INC., X.X. XXXXXXXX COMPANY, XXXXX X. XXXXXX, XXXXX XXXX, UNKNOWN OWNERS, and NON-RECORD CLAIMANTS, Defendants.
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Examples of Foreclosure Proceedings in a sentence

  • 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.

  • Section 2.03 Purchaser's Election to Commence Foreclosure Proceedings (a) In connection with any Mortgage Loan identified in a report under Section 2.01(a)(i)(B), the Purchaser may elect to instruct the Company to cause, to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement, the related Servicer to proceed with the Commencement of Foreclosure as soon as practicable.

  • 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.

  • 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.

  • Shipment of Mortgage Loans for Foreclosure Proceedings ------------------------------------------------------ Attached please find those mortgage loans listed separately on the attached schedule (the "Mortgage Loans"), which are owned by Honolulu Mortgage Company, Inc.

  • 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.

  • Shipment of Mortgage Loans for Foreclosure Proceedings Attached please find those Mortgage Loans listed separately on the attached schedule, which are owned by Honolulu Mortgage Company, Inc.

  • As of the date hereof, the Foreclosure Proceedings are scheduled to be held no later than December 2, 2008, which date may change in accordance with applicable law.

  • By: /s/ Woody Conradt ----------------------- Name: Woody Conradt Title: Chief Financial Officer Dated: April 15, 2003 A signed original of this written statement required by Section 906 has been provided to Availent Financial, Inc.

  • Shipment of Mortgage Loans for Foreclosure Proceedings ------------------------------------------------------ Attached please find those mortgage loans listed separately on the attached schedule (the "Mortgage Loans"), which are owned by HomeSide Lending, Inc.


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, 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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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 the foreclosure proceedings initiated by Pala on the Intellectual Property Collateral on [DATE] in connection with the Debenture.
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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.

  • Bond proceedings means, collectively, this Resolution, the Certificate of Award, the Continuing Disclosure Agreement, the Registrar Agreement, the Purchase Agreement, and such other proceedings of the Board, including the Bonds, that provide collectively for, among other things, the rights of holders and beneficial owners of the Bonds.

  • Proceedings means all litigations (civil and criminal), arbitrations, administrative proceedings, investigations, suits, claims or charges.

  • 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.

  • Formal proceedings means proceedings conducted before a judge with notice to interested persons.

  • criminal proceedings means criminal proceedings in relation to which the strict rules of evidence apply;

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Adjudicatory proceeding means a contested case, a proceeding that may culminate in a contested case, a petition for declaratory order, a petition for expedited resolution of a negotiability dispute, or any other proceeding which may require the board or its designee to issue a decision, order, or ruling.

  • relevant proceedings means proceedings for contempt of court or proceedings under Schedule 2 to the Anti-social Behaviour, Crime and Policing Act 2014;

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.

  • Legal Proceedings means any judicial, administrative or arbitral actions, suits, proceedings (public or private) or governmental proceedings.

  • Environmental Proceedings means any judicial or administrative proceedings arising from or in any way associated with any Environmental Requirement.

  • Adjudicative proceeding means the procedure to be followed in contested cases, as set forth in RSA 541-A:31 through RSA 541-A:36.

  • 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.

  • Insolvency Proceedings means bankruptcy, liquidation or other collective judicial or administrative proceedings, including interim proceedings, in which the assets and affairs of the debtor are subject to control or supervision by a court for the purposes of reorganisation or liquidation;

  • civil proceedings means any proceedings in or before any court or tribunal that are not criminal proceedings;

  • Administrative proceeding means a non-judicial process that is adjudicatory in nature in order to make a determination of fault or liability (e.g., Securities and Exchange Commission Administrative Proceedings, Civilian Board of Contract Appeals Proceedings, and Armed Services Board of Contract Appeals Proceedings). This includes administrative proceedings at the Federal and State level but only in connection with performance of a Federal contract or grant. It does not include agency actions such as contract audits, site visits, corrective plans, or inspection of deliverables.

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • Criminal proceeding means a proceeding instituted by means of the swearing of an information, the laying of a charge or the return of an indictment, before a Court of competent jurisdiction in Canada with jurisdiction to hear and determine the charges referred to therein, alleging or charging that the "Insured" has contravened the provisions of any Provincial or Federal statute, including the Criminal Code, R.S.C. 1985 ch. C-46 as amended, which creates an offence or crime and which provides for conviction thereunder, whether by way of summary conviction or indictment, and as a result of which the "Insured" is liable to be convicted, fined or sentenced to some form of imprisonment or other punishment.

  • Commenced means that an owner or operator has undertaken a continuous program of construction or modification or that an owner or operator has entered into a binding agreement or contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction or modification.