182 Excess Liquidation Proceeds Clause Examples for Any Agreement
The Excess Liquidation Proceeds clause defines how any remaining funds from the sale or liquidation of assets, after all obligations and priority payments have been satisfied, are to be distributed among the parties. Typically, this clause specifies the order of payments, ensuring that creditors, preferred shareholders, or other claimants are paid first, and any surplus is then allocated to residual stakeholders such as common shareholders. Its core practical function is to provide a clear and fair mechanism for distributing leftover proceeds, thereby preventing disputes and ensuring transparency in the event of asset liquidation.
Excess Liquidation Proceeds. 21 FDIC..........................................................................................21 FHA...........................................................................................21
Excess Liquidation Proceeds. To the extent not required by law to be paid to the related Mortgagor, the excess, if any, of any Liquidation Proceeds with respect to a Mortgage Loan over the Stated Principal Balance of such Mortgage Loan and accrued and unpaid interest at the related Mortgage Rate through the last day of the month in which the Mortgage Loan has been liquidated.
Excess Liquidation Proceeds to the extent advanced by the Servicer and not previously distributed, the amount of any Advance made by the Servicer to the Trustee with respect to such Distribution Date relating to such related Loans;
Excess Liquidation Proceeds the sum, to the extent not previously distributed, of the following amounts, to the extent advanced or received, as applicable, by the Master Servicer:
Excess Liquidation Proceeds. 24 Expense Adjusted Mortgage Rate..........................................24 Extraordinary Trust Fund Expense........................................24
Excess Liquidation Proceeds. 14- Expense Adjusted Mortgage Rate...............................-14- Extra Principal Distribution Amount..........................-14- Fannie Mae...................................................-14- FDIC ........................................................-14-
Excess Liquidation Proceeds. 20 FDIC . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 FHA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Excess Liquidation Proceeds. 15 Extraordinary Trust Fund Expense...........................................................................15
Excess Liquidation Proceeds. 16 TABLE OF CONTENTS (continued) Page FDIC..........................................................................................16 FHA...........................................................................................16
Excess Liquidation Proceeds. 15 Expense Adjusted Mortgage Rate...................................................... 15