OREO Properties definition

OREO Properties means any interest in any real or personal property owned by the Bank or any other Corporation acquired through foreclosure or otherwise in connection with collecting a loan or lease.
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OREO Properties has the meaning set forth in Section 3.1(k).
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OREO Properties means that real property owned by Seller and acquired through foreclosure of a Mortgaged Property as set forth on §1.3 of the Disclosure Schedule.
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Examples of OREO Properties in a sentence

  • The Company and its Subsidiaries make no representation or warranty with respect to the status of title or Liens affecting OREO Properties.

  • Universities exist to fulfil three main goals in society: to provide instruction at the tertiary level, to use research for the advancement of knowledge, and to provide service to our communities.

  • The Seller has delivered to the Buyer true, correct and complete copies of the instruments conveying title to the OREO Properties to Seller.

  • By improving its ability to dispose of the property, the Bank in turn improves its ability to recover its loan loss.12 Also, rather than managing the OREO Properties according to the complex and burdensome terms of the loan documents, aggregating the participation interests in the OREO Properties in the LLC permits the lending banks to designate one institution, the LLC’s managing member, to address the day-to- day responsibilities of holding, managing, and negotiating the disposal of the OREO Properties.

  • The LLC will employ one or more third parties to act as managing agents for the OREO Properties.

  • Each individual who becomes eligible for admission to participate in this Plan shall complete such forms and provide such data as are reasonably required by the Employer as a condition of such admission.

  • As of the date hereof, Seller has not received deeds for certain properties which it recently acquired through foreclosure or sheriff sale, which properties are listed on Schedule L to the Disclosure Letter (the "Pending OREO Properties").

  • Most significantly, the Bank represents that it likely would be unable to dispose of its interest in OREO Properties apart from an agreement by all of the lending banks to jointly sell their interests.

  • The 17 Company and its Subsidiaries make no representation or warranty with respect to the status of title or Liens affecting OREO Properties.

  • Seller shall prepare, execute and deliver deeds to the Pending OREO Properties to Buyer as soon as practicable following Xxxxxx's receipt of same.

Related to OREO Properties

  • REO Property A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • REO A Mortgaged Property that is acquired by the Trust in a foreclosure or by grant of deed in lieu of foreclosure.

  • Securitization Property means the property described in section 10j.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.