Repossessions definition

Repossessions means Financed Vehicles the Servicer has voluntarily or involuntarily taken possession of and has not yet disposed of at auction or otherwise.
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Repossessions means all property, both real and personal, tangible and intangible, acquired pursuant to the exercise of remedies with regard to any Lien securing a Loan (or acquisition in lieu of the exercise of such remedies) in accordance with the terms of the applicable Loan Documents, including all REO Property.
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Repossessions means the Manufactured Homes acquired in connection with the MHL Business as a result of the exercise of the remedies of a secured creditor and held by Seller or any of its Affiliates as of the date hereof, less any such Manufactured Homes sold or otherwise disposed of plus any such Manufactured Homes acquired in the ordinary course of business from the date hereof through the close of business on the Closing Date.
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Examples of Repossessions in a sentence

  • Within sixty (60) calendar days of the effective date of this Agreement, the Defendants shall develop enhanced SCRA Policies and Procedures for Motor Vehicle Repossessions in compliance with 50 U.S.C. § 3952(a) and 50 U.S.C. § 3953.

  • REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts.

  • If insurance certificates are scheduled to expire during the term of this Agreement, the Contractor shall be responsible for submitting new or renewed insurance certificates to the County at a minimum of thirty (30) calendar days in advance of such expiration.

  • Percentage of mortgage accounts that are in repossession A Barclays Number of Repossessions in UK Home Finance year end 2008 156 year end 2009 196 B Number of Mortgage Accounts 775,048 794,623 A/B2 Percentage 0.020% 0.025% CML Percentage 2008 Q4 0.195% 2009 Q4 0.139% 2 Data for A and B supplied by Barclays.

  • The agreement in this Section B to sell Dealer Repossessions is made to provide NFC with a viable remarketing structure for its Dealer Repossessions.

  • ITEC agrees to sell Dealer Repossessions on consignment through its Used Truck Operations.

  • Servicer Advance Repay) 4 $ 12,830,810.56 5 * space reserved * 6 (Less:) Repurchase Amounts 6 $ 0.00 7 (Less:) Repossessions / Chargeoffs 7 $ 82,761.84 8 Plus: Repayment of Servicer Advances 8 $ 0.00 9 Ending Receivables Balance [2] - [4] - [5] - [6] - [7] + [8] 9 $ 266,670,713.97 Ending Pool Factor [9] / ([1a] + [1b] + [1c] + [1d]) 0.9538115 III Principal and Interest Collections: 10 Principal Collected (Incl.

  • All Voluntary Repossessions will be done as a full repossession of all LET items.

  • Servicer Advance Repay) 4 $ 0.00 6 (Less:) Repurchase Amounts 6 $ 0.00 7 (Less:) Repossessions / Chargeoffs 7 $ 0.00 8 Plus: Repayment of Servicer Advances 8 $ 0.00 9 Ending Receivables Balance [2] – [4] – [5] – [6] – [7] + [8] 9 $ 0.00 Ending Pool Factor [9]/([1a] + [1b] + [1c] + [1d]) 0.0000000 10 Principal Collected (Incl.

  • Repossessions must be 18 months old or have 12 months of paid as agreed auto credit since the date of the most recent repossession, unless included in bankruptcy.

Related to Repossessions

  • Merchandise means any personal property offered or sold for use in connection with the funeral, final disposition, memorialization, or interment of human remains, but which is exclusive of interment rights.

  • Distressed merchandise means an alcoholic product in the possession of the

  • Repair means the reconstruction, replacement, or renewal of any part of an existing building for the purpose of its maintenance or to correct damage.

  • Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

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