Surplus Proceeds definition

Surplus Proceeds shall have the meaning given such term in the Xxxxxxx Mac Acknowledgment Agreement.

Surplus Proceeds has the meaning assigned to such term in clause (f) of the definition of “Permitted Asset Sales”.

Surplus Proceeds means “Surplus Proceeds” as defined in the Acknowledgment Agreement.

Examples of Surplus Proceeds in a sentence

• MEZA owned a legal interest in the real property at W709 Samuel St., Stephenson, MI, which was foreclosed upon as a result of delinquent real property taxes and sold by Menominee County at a public foreclosure auction in calendar year 2013, resulting in Surplus Proceeds of $7,566.00.

• For purposes of the present motion, Class Counsel believes that it is extremely unlikely that total Surplus Proceeds claimed will be less than $25 million or more than $41 million.

• DESHONG and BONITA HIGHTOWER owned a legal interest in the real property at 69 Hanover, Battle Creek, MI, which was foreclosed upon as a result of delinquent real property taxes and sold by Calhoun County at a public foreclosure auction in calendar year 2019, resulting in Surplus Proceeds of $29,809.60.

• Upon approval of the Court, the Special Master will be empowered to facilitate the resolution of claims among Settlement Class members, including their various interests and entitlement to claims relating to Surplus Proceeds as provided in Paragraph 8.2.1. The intent will be for the court-appointed Special Master to have a function similar to a Michigan Circuit Court Judge under Section 78t of the GPTA.

• COVELL owned a legal interest in the real property at 7434 16th St., White Cloud, MI, which was foreclosed upon as a result of delinquent real property taxes and sold by Newaygo County at a public foreclosure auction in calendar year 2020, resulting in Surplus Proceeds of $39,500.00.

More Definitions of Surplus Proceeds

Surplus Proceeds means any funds, amounts, proceeds or credits derived from the foreclosure of the Mortgaged Property by a holder of the Bond Mortgage or this Instrument (except if and to the extent that such foreclosure is triggered by a default by Lender under the Credit Enhancement Agreement) which exceeds the amount required to satisfy the obligations secured by the Bond Mortgage.

Surplus Proceeds means that amount (if any) of the aggregate of (i) the Post-Demand Date Net Proceeds and (ii) any Demand Date Suspense Net Proceeds, which are not applied by the Lender in discharge of the Business Facilities in accordance with its obligations under paragraphs 1 and 2 of this Schedule because such amount represents a surplus recovery or realisation and/or because such amount has been utilised by the Lender in repaying any Linked Collateral Net Proceeds Repayment Amount, any Surplus Post-Demand Date Net Proceeds Repayment Amount or any Surplus Pre-Demand Date Net Proceeds Repayment Amount payable to the Secretary of State respectively under paragraphs 5.1 and 5.2 of this Schedule; and

Surplus Proceeds refers to the difference between an Eligible Property’s actual sale price and the Minimum Sale Price. “Surplus Proceeds” do not include interest from the date of the sale.

Surplus Proceeds has the meaning ascribed thereto in Clause 20.6.

Surplus Proceeds means proceeds of sales of any Servicing Rights to the extent that such proceeds have been received by, or for the account of, the Borrower or the Administrative Agent or any Lender free and clear of all Xxxxxx Mae rights and other restrictions on transfer under applicable Xxxxxx Xxx guidelines.

Surplus Proceeds as defined in the Acknowledgment Agreement.

Surplus Proceeds means any monies available for payment to the Secured Party and to the Servicer, equal to the balance of monies remaining from the Servicing Transfer Proceeds or the Termination Fee after deduction therefrom of the amounts of Xxxxxxx Mac's Claims and Xxxxxxx Mac's Servicing Transfer Costs.