Receiver Acquired Property definition

Receiver Acquired Property means (a) the equity interests in any Ownership Entity (or other special purpose entity holding applicable real and/or personal property) set forth on the Ownership Entity and Receiver Acquired Property Schedule (and the assets held directly or indirectly by any such Ownership Entity); (b) Collateral that is identified as “Owned Real Estate” on the Ownership Entity and Receiver Acquired Property Schedule, the title to which has been acquired by or on behalf of the Receiver or the Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or pursuant to the Uniform Commercial Code or otherwise (including where the foreclosure or other acquisition event occurs before the Cut-Off Date), but the title to which has not yet been transferred to an Ownership Entity by the Receiver (which will include each Potentially Defectively Foreclosed Receiver Acquired Property, except where the context provides otherwise); and (c) any other Collateral, the title to which has been acquired by or on behalf of the Receiver or the Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or pursuant to the Uniform Commercial Code or otherwise, if the foreclosure or other acquisition event occurs after the Cut-Off Date, or occurred on or before the Cut-Off Date but the Redemption Period had not expired on or before the Cut-Off Date, and the equity interests in any Ownership Entity (or other special purpose entity formed by or on behalf of the Receiver or the Failed Bank) holding any such Collateral.
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Receiver Acquired Property means (i) Underlying Collateral title to which has been acquired by or on behalf of the Initial Member or any Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or by sale pursuant to the Uniform Commercial Code, in any such case in accordance with the Loan Documents if the foreclosure or other acquisition event occurs after the Cut-Off Date, or occurred on or before the Cut-Off Date but the Redemption Period had not expired on or before the Cut-Off Date, (ii) the equity interests in any Ownership Entity holding any such Underlying Collateral and (iii) the assets held directly or indirectly by any such Ownership Entities.
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Receiver Acquired Property means (i) Underlying Collateral title to which has been acquired by or on behalf of the Initial Member or any Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or by sale pursuant to the Uniform Commercial Code, in any such case in accordance with the Loan Documents, if the foreclosure or other acquisition event occurs after the Cut-off Date, or occurred on or before the Cut-Off Date but the Redemption Period (as such term is defined in the Contribution Agreement) had not expired on or before the Cut-Off Date, (ii) the equity interests in any Ownership Entity or any such Underlying Collateral and (iii) the assets held directly or indirectly by any such Ownership Entity.
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Examples of Receiver Acquired Property in a sentence

  • Pursuant to the provisions of Section 3.1 hereof, the Initial Member may require the Company to prepare and furnish special warranty deeds and other applicable Transfer Documents, for the Initial Member’s approval, to convey the Receiver Acquired Property to the Company.

  • If the Initial Member was the purchaser at such foreclosure sale, the Initial Member shall convey to the Company the Deficiency Balance, if any, together with a special warranty deed to the Receiver Acquired Property purchased at such foreclosure sale.

  • Pursuant to the provisions of Section 3.1 hereof, the Transferor may require the Company to prepare and furnish Receiver’s Deeds, Omnibus Property Assignments, Receiver’s Quitclaim Deeds and other applicable Transfer Documents, for the Transferor’s approval, to convey the Receiver Acquired Property to an Ownership Entity.

  • Pursuant to the provisions of Section 3.1 hereof, the Transferor may require the Company to prepare and furnish special warranty deeds and other applicable Transfer Documents, for the Transferor’s approval, to convey the Receiver Acquired Property to the Company.

  • By: Name: Title: Date: , 20 , LLC, a limited liability company By: Name: Title: Date: , 20 ATTACHMENT J-311 [Note to preparer: The below form of Receiver’s Quitclaim Deed must in each instance be conformed to the laws of the state wherein the applicable Potentially Defectively Foreclosed Receiver Acquired Property is located, including, without limitation, those necessary to cause it to be recorded in the county in which such Potentially Defectively Foreclosed Receiver Acquired Property is located.

  • If the Initial Member was the purchaser at such foreclosure sale, the Initial Member shall convey to the Company the Deficiency Balance, if any, and any related Underlying Loan, together with a special warranty deed to the Receiver Acquired Property purchased at such foreclosure sale (unless the Receiver Acquired Property was purchased by an Ownership Entity, in which case the Initial Member shall convey to the Company all equity interests in such Ownership Entity).

  • By: FEDERAL DEPOSIT INSURANCE By: Name: Title: [Note to preparer: The below form of Receiver’s Deed must in each instance be conformed to the laws of the state wherein the applicable Receiver Acquired Property is located, including, without limitation, those necessary to cause it to be recorded in the county in which such Receiver Acquired Property is located.

  • By: Name: Title: Date: , 20 , LLC, a limited liability company By: Name: Title: Date: , 20 ATTACHMENT J-312 [Note to preparer: The below form of Receiver’s Quitclaim Deed must in each instance be conformed to the laws of the state wherein the applicable Potentially Defectively Foreclosed Receiver Acquired Property is located, including, without limitation, those necessary to cause it to be recorded in the county in which such Potentially Defectively Foreclosed Receiver Acquired Property is located.


More Definitions of Receiver Acquired Property

Receiver Acquired Property means (i) the equity interests in any Ownership Entity (or other special purpose entity holding applicable real and/or personal property) set forth on the Asset Schedule, (ii) Collateral title to which has been acquired by or on behalf of the Receiver or the Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or pursuant to the Uniform Commercial Code or otherwise, if the foreclosure or other acquisition event occurs after the Cut-Off Date, or occurred on or before the Cut-Off Date but the Redemption Period had not expired on or before the Cut-Off Date, and the equity interests in any Ownership Entity (or other special purpose entity formed by or on behalf of the Receiver or the Failed Bank) holding any such Collateral, and (iii) the assets held directly or indirectly by any such Ownership Entity (or other entity) included in the foregoing items (i) and (ii).
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Related to Receiver Acquired Property

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • 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.

  • New property means (i) the assessed value, after final

  • Abandoned property means personal property left by an owner who intentionally