Examples of REO Asset in a sentence
The Borrower has no Subsidiaries other than any REO Asset Owners.
Notwithstanding anything to the contrary contained in any Transaction Document, the Borrower shall not be required to grant a security interest in more than sixty-five percent (65%) of the stock entitled to vote (within the meaning of United States Treasury Regulation Section 1.956-2(c)(2)) of any REO Asset Owner that is a “controlled foreign corporation” as defined in Section 957 of the Code.
The Servicer will cause all “Distributable Cash” (or comparable definition set forth in the REO Asset Owner’s organization documents) to be deposited into the Collection Account within three (3) Business Days of receipt thereof.
After execution thereof, the Servicer shall prevent the REO Asset Owner from agreeing to any amendment or other modification of the REO Asset Owner’s organizational documents without first obtaining the written consent of the Facility Agent.
All equity interests of the REO Asset Owner acquired by the Borrower shall immediately become a part of the Collateral and be subject to the grant of a security interest under Section 12.1 and shall be promptly delivered to the Collateral Agent, each undated and duly indorsed in blank.