REO Acquisition definition
REO Acquisition. The acquisition by the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders of any REO Property pursuant to Section 3.14.
REO Acquisition. The acquisition for federal income tax purposes of any REO Property pursuant to Section 3.09.
REO Acquisition. The acquisition of any REO Property pursuant to Section 3.09.
Examples of REO Acquisition in a sentence
If an REO Acquisition shall occur, the Special Servicer shall establish and maintain one or more REO Accounts, held on behalf of the Trustee for the benefit of the Certificateholders and, if applicable, on behalf of any related Companion Holder(s), as applicable, as their interest shall appear, and the Trustee (as holder of the Lower-Tier Regular Interests), for the retention of revenues and other proceeds derived from each REO Property.
More Definitions of REO Acquisition
REO Acquisition. The acquisition of any REO Property pursuant to Section 3.09 (or, in the case of any REO Property related to a Non-Trust-Serviced Pooled Mortgage Loan, pursuant to the related Non-Trust Pooling and Servicing Agreement).
REO Acquisition. The acquisition of any REO Property by the Trust Fund pursuant to Section 3.09.
REO Acquisition. The acquisition by the Special Servicer on behalf of the Trustee for the benefit of the Certificateholders of any Mortgaged Property.
REO Acquisition means the acquisition of any REO Property pursuant to Section 8.7.
REO Acquisition. The acquisition by the Servicer or an REO Affiliate, on behalf of the Seller for the benefit of the Trustee (or a nominee) for the benefit of the Secured Parties, of any Mortgaged Property through foreclosure or by deed in lieu of foreclosure.
REO Acquisition. The acquisition by the Company on behalf of the Initial Owner of any REO Property pursuant to Section 3.12.
REO Acquisition. The acquisition by the Master Servicer on behalf of the Issuer for the benefit of the Noteholders of any REO Property pursuant to Section 3.13 of the Servicing Agreement.