Foreclosure Remedy definition

Foreclosure Remedy shall have the meaning specified in Sections 5.05(a)(iii) and (iv).
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Foreclosure Remedy shall have the meaning specified in the Indenture.
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Foreclosure Remedy shall have the meaning specified in Sections ------------------ -------- 5.05(a)(iii) and (iv). ------------ ----
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Examples of Foreclosure Remedy in a sentence

  • It is the express intent of the parties hereunder that Junior Lender shall have the right to pursue all rights and remedies except completion of a Foreclosure Remedy without liability to Bank for failure to provide notice to Bank, and that the Junior Lender's liability hereunder shall be expressly limited to actual damages to Bank directly caused by the Junior Lender's completion of a Foreclosure Remedy without Bank receiving the notice and opportunity to cure described above.

  • It is the express intent of the parties hereunder that Bank shall have the right to pursue all rights and remedies except completion of a Foreclosure Remedy without liability to Junior Lender for failure to provide notice to Junior Lender, and that the Bank's liability hereunder shall be expressly limited to actual damages to Junior Lender directly caused by the Bank's completion of a Foreclosure Remedy without Junior Lender receiving the notice and opportunity to cure described above.

  • It is the express intent of the parties hereunder that Bank shall have the right to pursue all rights and remedies except completion of a Foreclosure Remedy without liability to Junior Lender for failure to provide notice to Xxxxxx Xxxxxx, and that the Bank's liability hereunder shall be expressly limited to actual damages to Junior Lender directly caused by the Bank's completion of a Foreclosure Remedy without Junior Lender receiving the notice and opportunity to cure described above.


More Definitions of Foreclosure Remedy

Foreclosure Remedy. Has the meaning specified in Sections 5.4(a)(iii) and (iv) of the Indenture. General Motors: General Motors Company, a Delaware limited liability company, and its successors or assigns.
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Foreclosure Remedy means the completion of a foreclosure sale of the Property or the recording of a deed-in-lieu of foreclosure with respect to the Property.
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Foreclosure Remedy means the remedy described in Section 5.5(a)(v) of the Indenture.
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Foreclosure Remedy means an Event of Default has occurred and is continuing and the Indenture Trustee has initiated foreclosure proceedings in accordance with Sections 5.05(a)(iii) and (iv) of the Indenture.
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Foreclosure Remedy means an Event of Default has occurred and is continuing and the Indenture Trustee has initiated foreclosure proceedings in accordance with Sections 5.05(a)(iii), (iv) or (v) of the Indenture.
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Related to Foreclosure Remedy

  • Remedy means any remedial right to which an aggrieved party is entitled with or without resort to a tribunal.

  • 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.

  • 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.

  • Remedies means actions designed to restore or preserve the complainant’s equal access to education after a respondent is found responsible. Remedies may include the same individualized services that constitute supportive measures, but need not be non-punitive or non-disciplinary, nor must they avoid burdening the respondent.

  • Breach of system security means unauthorized acquisition of computerized data that compromises the security, confidentiality, or integrity of sensitive personal information maintained by a person, including data that is encrypted if the person accessing the data has the key required to decrypt the data. Good faith acquisition of sensitive personal information by an employee or agent of the person for the purposes of the person is not a breach of system security unless the person uses or discloses the sensitive personal information in an unauthorized manner. Business and Commerce Code 521.053(a)

  • Permitted Remedies means, with respect to any securities, one or more of the following remedies:

  • 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 Loss means the loss realized when the Assuming Institution has completed the foreclosure on a Single Family Shared-Loss Loan and realized final recovery on the collateral through liquidation and recovery of all insurance proceeds. Each Foreclosure Loss shall be calculated in accordance with the form and methodology specified in Exhibits 2c(1)-(3).

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this 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.

  • Remedy a Violation means to bring the structure or other development into compliance with state and community floodplain management regulations, or, if this is not possible, to reduce the impacts of its noncompliance. Ways that impacts may be reduced include protecting the structure or other affected development from flood damages, implementing the enforcement provisions of the ordinance or otherwise deterring future similar violations, or reducing federal financial exposure with regard to the structure or other development.

  • 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.

  • Seller Default has the meaning set forth in Section 12.1.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Exercise Any Secured Creditor Remedies or “Exercise of Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition:

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

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

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Warranty Xxxx of Sale means the warranty (as to title) xxxx of sale covering the Aircraft executed by Manufacturer or an affiliate of Manufacturer in favor of Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft.