Greenwich Collateral definition
Examples of Greenwich Collateral in a sentence
Upon completion of the Sale, UDC will assist in all servicing of the Owned Loans, the Greenwich Collateral and the Securitized Pools.
The Debtor and UDC will coordinate an orderly and prompt transition of servicing of the Owned Loans, the Greenwich Collateral and the Securitized Pools, as applicable, from the Debtor to the Servicer during the pendency of the Bankruptcy Case to enable UDC (or an Authorized Assignee) to begin such servicing activities on the 5 Effective Date pursuant to the UDC Servicing Agreements.
The Chapter 11 Plan will also provide for any and all collections and proceeds received on the Greenwich Collateral, after payment of the debt to Greenwich, to be contributed first toward repayment of the DIP Facility, then to the Debtor's post-Plan Confirmation operating expenses.
As to the Greenwich Collateral and the Securitized Pools, the Debtor will continue to service with the management, supervision, or consultation of UDC until confirmation of the Chapter 11 Plan ("Plan Confirmation").