Repossessed Property definition

Repossessed Property means items of Related Property taken in the name of the Issuer or a subsidiary thereof as a result of legal action enforcing the Lien on the Related Property resulting from a default on the related Loan.
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Examples of Repossessed Property in a sentence

  • The Servicer shall, either itself or through an agent selected by the Servicer, manage, conserve, protect and operate the Foreclosed Property or other Repossessed Property in a manner consistent with the Credit and Collection Policy and the Servicing Standard.

  • Any gain or loss upon the disposition of fixed assets should be reported as Gain (Loss) on Disposition of Fixed Assets.Regardless of the valuation, foreclosed and repossessed property the credit union intends to sell should be transferred to Foreclosed and Repossessed Property and reported on this line.19a.

  • Any gain or loss upon the disposition of fixed assets should be reported as Gain (Loss) on Disposition of Fixed Assets.Regardless of the valuation, foreclosed and repossessed property the credit union intends to sell should be transferred to Foreclosed and Repossessed Property and reported on this line.

  • Any gain or loss upon the disposition of fixed assets should be reported as Gain (Loss) on Disposition of Fixed Assets.Regardless of the valuation, foreclosed and repossessed property the credit union intends to sell should be transferred to Foreclosed and Repossessed Property and reported on this line.22a.

  • The Servicer shall, either itself or through an agent selected by the Servicer, manage, conserve, protect and operate the Foreclosed Property or other Repossessed Property in a manner consistent with the Operating Guidelines and the Servicing Standard.

  • Mindfulof the Net Debt Principle, therefore, the statutory exclusions in Subsection (d) cannot be applied in a manner that allows a taxpayer to write off more than the amount it actually paid for its uncollectible debt.ANALYSIS This case examines how the Indiana Bad Debt Statute treats Repossessed Property.

  • Br.”) at 2-12.) In other words, 70% of the value of Repossessed Property decreased Indiana Finance’s adjusted basis in its installment contracts while the remaining 30%, the market discount income, did not.The Department asserts, on the other hand, that Subsection (d) required Indiana Finance to reduce its adjusted basis by subtracting the full amount of the Repossessed Property, not merely a fraction of it.

  • Distribution of Repossessed Property by Types (As of June 30, 2010) 64Diagram 43.

  • The Department contends that Indiana Finance erred in applying the Market Discount Rules to its Repossessed Property because they apply solely to installment 6 Alternatively, Indiana Finance claims that it is entitled to summary judgment on its supplemental refund claims because the Indiana Bad Debt Statute did not require it to include any portion of the Repossessed Property in its bad debt calculations.

  • Br.”) at 10-26.) The Department reasons that (1) the Market Discount Rules apply only to installment payments, not Repossessed Property, and (2) that SAC II may not berelied on because it was wrongly decided and should be overruled.

Related to Repossessed Property

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Improved property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Personal Property Collateral means all Collateral other than Real Property.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Released Property shall have the meaning set forth in Section 2.9 hereof.

  • Reconstructed vehicle means every vehicle of a type required to be registered under this title

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

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

  • Foreclosure Property shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Rebuilt vehicle means any salvage vehicle which has been rebuilt and inspected for the purpose of registration and title;

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • 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.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Notes Mortgage.

  • Blighted property means property that meets any of the following criteria:

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Licensed Property means the portion of the Software and the Documentation to which Customer has purchased a License as identified on an applicable Order. Licensed Property shall include any updates or upgrades to the Licensed Property that AvePoint may at its discretion deliver to Customer.

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  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.