REO Revenues definition

REO Revenues. All income, rents and profits derived from the ownership, operation or leasing of any REO Property.

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REO Revenues means all income, rents and profits derived from the ownership, operation or leasing of any REO Property.

REO Revenues. All income, rents and profits derived from the ownership, operation or leasing of any REO Property (other than the JQH Hotel Portfolio Mortgaged Property after the JQH Hotel Portfolio Servicing Transfer Event).

Examples of REO Revenues in a sentence

The Master Servicer shall be entitled to recover unpaid Servicing Fees in respect of any applicable Mortgage Loan, Companion Loan or REO Loan out of that portion of related payments, Insurance and Condemnation Proceeds, Liquidation Proceeds and REO Revenues (in the case of an REO Loan) allocable as recoveries of interest, to the extent permitted by Section 3.05(a).
The Servicing Fee shall be payable monthly, on a loan-by-loan basis, from payments of interest on each Mortgage Loan, Companion Loan and REO Revenues allocable as interest on each REO Loan, and as otherwise provided by Section 3.05(a).
The Special Servicer shall deposit, or cause to be deposited, in the REO Account, within two (2) Business Days after receipt of properly identified funds (so long as such funds are not otherwise used in connection with any REO Property pursuant to Section 3.14(c)), all REO Revenues, Insurance and Condemnation Proceeds and Liquidation Proceeds received in respect of an REO Property.

More Definitions of REO Revenues

REO Revenues. All income, rents, profits and proceeds derived from the ownership, operation or leasing of any REO Property. “ Replacement Property ”: Mortgaged Properties that are (i) of a “like-kind” (within the meaning of Section 1.1031(a)-1(b) of the Treasury Regulations (or any successor section)) to any Relinquished Property and otherwise satisfying the definition of and requirements for “replacement property” under the Treasury Regulations and (ii) satisfy the definition of Qualified Substitute Mortgaged Property. “Replacement Property Agreement ”: Any agreement relating to the acquisition of Replacement Property. “Request for Release ”: A request signed by a Servicing Officer, as applicable, of the Property Manager substantially in the form of Exhibit B attached hereto or of the Special Servicer substantially in the form of Exhibit C attached hereto. 27 US-DOCS\ 96557504.7 102826315.7

REO Revenues means all income, rents, profits and proceeds derived from the ownership, operation or leasing of any REO Property, other than any Liquidation Proceeds with respect to such REO Property. With respect to an REO Property that had been security for an A Loan, "REO Revenues" shall only include the portion of the amounts described above received with respect to such REO Property that are allocable to the related A Note pursuant to the related A/B Intercreditor Agreement.

REO Revenues shall only include the portion of the amounts described above received with respect to such REO Property that are allocable to the related A Note pursuant to the related A/B Intercreditor Agreement.

REO Revenues. All income, rents, profits and proceeds derived from the ownership, operation or leasing of any REO Property. “Replacement Property”: Mortgaged Properties that are (i) of a “like-kind” (within the meaning of Section 1.1031(a)-1(b) of the Treasury Regulations (or any successor section)) to any Relinquished Property and otherwise satisfying the definition of and requirements for “replacement property” under the Treasury Regulations and (ii) satisfy the definition of Qualified Substitute Mortgaged Property. “Replacement Property Agreement”: Any agreement relating to the acquisition of Replacement Property. “Request for Release”: A request signed by a Servicing Officer, as applicable, of the Property Manager substantially in the form of Exhibit B attached hereto or of the Special Servicer substantially in the form of Exhibit C attached hereto. “Requisite Global Majority”: As defined in the Indenture. “Responsible Officer”: As defined in the Indenture.