Foreclosure Proceeds definition

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 Proceeds means the proceeds received by the County from the disposition of a subject property through an in rem property tax foreclosure.

Foreclosure Proceeds means the proceeds, including interest and penalty interest, received by the City from the enforcement of the Assessments against any Assessed Property, whether by foreclosure of lien or otherwise, but excluding and net of all Delinquent Collection Costs.

Examples of Foreclosure Proceeds in a sentence

• For purposes of all calculations hereunder, so long as the Mortgage Loan shall be deemed to remain outstanding, (i) it shall be assumed that the unpaid principal balance of the Mortgage Loan immediately after any discharge is equal to the unpaid principal balance of the Mortgage Loan immediately prior to such discharge and (ii) Foreclosure Proceeds shall be applied as provided in Section 1.3(b).

• For purposes of all calculations hereunder, so long as the Whole Loan shall be deemed to remain outstanding in accordance with the preceding sentence, (i) it shall be assumed that the unpaid principal balance of the Trust Loan and Companion Loans immediately after any discharge is equal to the unpaid principal balance of the Trust Loan and Companion Loans, as applicable, immediately prior to such discharge and (ii) Foreclosure Proceeds shall be applied as provided in Section 1.3(a).

• For purposes of all calculations hereunder, so long as the Trust Loan and the Companion Loan shall be deemed to remain outstanding, (i) it shall be assumed that the unpaid principal balance of the Trust Loan and the Companion Loan immediately after any discharge is equal to the unpaid principal balance of the Trust Loan or the Companion Loan immediately prior to such discharge and (ii) Foreclosure Proceeds shall be applied as provided in Section 1.3(b) and the Co-Lender Agreement.

• For purposes of all calculations hereunder, so long as the Trust Loan and any Companion Loan shall be deemed to remain outstanding, (i) it shall be assumed that the unpaid principal balance of the Trust Loan and the Companion Loans immediately after any discharge is equal to the unpaid principal balance of the Trust Loan or the Companion Loans immediately prior to such discharge and (ii) Foreclosure Proceeds shall be applied as provided in Section 1.3(b) and the Co-Lender Agreement.

• For purposes of all calculations hereunder, so long as the Mortgage Loan shall be deemed to remain outstanding in accordance with the preceding sentence, (i) it shall be assumed that the unpaid principal balance of the Mortgage Loan immediately after any discharge is equal to the unpaid principal balance of the Mortgage Loan immediately prior to such discharge and (ii) Foreclosure Proceeds shall be applied as provided in Section 1.3(a).

More Definitions of Foreclosure Proceeds

Foreclosure Proceeds shall have the applicable meaning set forth below with respect to the Collateral:

Foreclosure Proceeds means the proceeds resulting from the disposition of a property the city received through an in rem tax foreclosure.

Foreclosure Proceeds shall have the applicable meaning set forth below with respect to a Property:

Foreclosure Proceeds means (i) any delinquent special taxes previously levied to pay the principal of and interest on the Prior Bonds and deposited with the Trustee and (ii) any amounts realized through foreclosure actions commenced with respect to such delinquent special taxes and deposited with the Trustee in accordance with this Indenture.

Foreclosure Proceeds means the moneys remaining, if any, after a foreclosure sale of the Residential Unit to the extent such net proceeds exceed the Proceeds.

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

Foreclosure Proceeds means the proceeds resulting from the disposition of the Property by Louisville Metro in an in rem tax foreclosure.