Released Asset definition

Released Asset. Any Released Loan or Released Property, as applicable.
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Released Asset has the meaning set forth in Section 3.19 hereof.
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Released Asset means any Collateral, any REO Property, or any
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Examples of Released Asset in a sentence

  • The Servicing Term shall terminate upon the occurrence of any of the following events: (i) if the related purchase transaction is not renewed at the end of such Servicing Term and such Servicing Released Asset is not repurchased by Seller, or (ii) You shall have received a written termination notice from Buyer at any time with respect to some or all of the Servicing Released Assets being serviced by You (each, a “Servicing Termination”).

  • The Servicing Term shall terminate upon the occurrence of any of the following events: (i) such Servicing Released Asset is not repurchased by the Seller on the Repurchase Date under the Agreement, or (ii) you shall have received a written termination notice from Buyer at any time with respect to some or all of the Servicing Released Assets being serviced by you (each, a “Servicing Termination”).

  • Lender shall release the Liens and security interests related to each Released Asset upon payment into the Lockbox Account of the applicable Release Price for such Released Asset.

  • The Servicing Term shall terminate upon the occurrence of any of the following events: (i) such Servicing Released Asset is not repurchased by Seller on the Repurchase Date under the Agreement, or (ii) you shall have received a written termination notice from Buyer (or Agent on behalf of Buyer) at any time with respect to some or all of the Servicing Released Assets being serviced by you (each, a “Servicing Termination”).

  • Lenders’ consent to any such release of a Released Asset shall not be required so long as 100% of the Required Owner Collection Account Amount that is applicable to such Released Asset is deposited in the Owner Collection Account.

  • In the event, however, that a court of competent jurisdiction were to hold that any such transfer constitutes a loan and not a sale, it is the intention of the parties hereto that this Agreement is deemed to be a security agreement and that each Seller shall be deemed to have granted to the Trust as of the date hereof a first priority perfected security interest in all of such Seller's right, title and interest in, to and under each Conveyed Released Asset, and all income and proceeds thereof.

  • In connection with any such requested release of a Released Asset, Lenders agree that Agent is authorized to and Agent shall release/discharge Agent’s Lien(s) on the respective REO Property, other item of Collateral or Collateral Loan upon receipt of a payment to the Owner Collection Account of an amount (the “Required Owner Collection Account Amount”) that is equal to the 100% of the hereinafter defined Release Price with respect to such Released Asset.


More Definitions of Released Asset

Released Asset means any Collateral, any REO Property, or any Mortgaged Property or other real property which after the Closing Date is sold, transferred, reconveyed to a seller under a sale agreement, or otherwise disposed of by Borrower or an REO Affiliate (whether in the ordinary course of business or through foreclosure, condemnation or otherwise) to an unrelated third party or returned to a seller pursuant to and in accordance with the related sale agreement.
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Related to Released Asset

  • Released Property shall have the meaning set forth in Section 2.10 hereof.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Modified Asset Any Serviced Loan as to which any Servicing Transfer Event has occurred and which has been modified by the Special Servicer pursuant to Section 3.24 of this Agreement in a manner that:

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Restricted Asset has the meaning specified in Section 2.4(1).

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Released Claim means the matters that are subject to release and discharge pursuant to ARTICLE 10 hereof;

  • Environmental Problem Property A Mortgaged Property or REO Property that is in violation of any environmental law, rule or regulation.

  • Excluded Environmental Liabilities means any and all Environmental Liabilities whether arising before, at or after the Effective Time, to the extent relating to, resulting from, or arising out of the past, present or future operation, conduct or actions of Xxxxxxx Retained Business.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Released Person means any person who is released on bail or on his personal bond, as the case may be;

  • Assumed Environmental Liabilities has the meaning specified in Section 7.4.

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Pre-Closing Environmental Liabilities means any Environmental Liabilities to the extent arising out of the ownership, operation or condition of any of the Business or the Real Property on or at any time prior to the Closing Date.

  • Retained Environmental Liabilities means all Environmental Liabilities of Seller or its Affiliates arising out of or relating to operations or activities that are not primarily related to the Business, whether arising or related to the period before or after Closing.

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • 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.

  • Release Price As defined in Section 4.5(a).

  • Environmental Contamination means the introduction or presence of Hazardous Materials at such levels, quantities or location, or of such form or character, as to constitute a violation of federal, state or local laws or regulations, and present a material risk under federal, state or local laws and regulations that the Premises will not be available or usable for the purposes contemplated by this Agreement.

  • Transition Property means the property right created by a financing order, including without

  • Retained Assets has the meaning set forth in Section 2.2.