Type of liquidation Sample Clauses

Type of liquidation. See Enumerations worksheet. Text Balance at Termination A Actual Principal balance at time of termination. Number Scheduled Sale Date A Dates of planned sales for properties in Foreclosure Date Property Sales Price A Sales price if liquidation was short sale or REO sale. Number Liquidation Date A Date property liquidated. Date Gross Total Proceeds A Gross Total Proceeds. Number Net Total Proceeds A Gross total proceeds less expenses. Principal Advanced A Total of principal advanced at time of liquidation. Number Interest Advanced A Total of interest advanced at time of liquidation. Number Deferred Interest T Amount of deferred interest on the loan @ liquidation Number Accrued Servicing Fee Recovered T Servicing fee recovered at time of liquidation. Number Corporate Advances Recovered at A The amount of the Total Corporate Advance balance recovered at Number Termination termination Escrow Advances Recovered at A The amount of the Total Escrow Advance balance recovered at Number Termination termination Commission A The broker commission amount on liquidation Number Seller Concession A The dollar amt of seller concessions upon liquidation. Number Taxes A Taxes paid on liquidation Number Repairs A Cost of Repairs to property Number Water and Sewer A Water & Sewer costs Number Expenses Recovered at Termination A The amount of the Total Expenses recovered at termination Number Corporate Advances at Termination A Corporate advance balance at time of liquidation. Number Escrow Advances at Termination T Escrow advance balance at time of liquidation. Number Days from Acquisition to Close A Days from Acquisition to Close Number Days from Possession to Close A Days from Possession to Close Number Charge-off amount A Loss amount. Number Severity A Severity percentage. Severity Formula A Formula for calculating Severity percentage. Text Potential Deficiency Judgment Flag N Flag indicating loan is referred for deficiency collections. Text Potential Deficiency Amount N Deficiency balance reported to borrower/IRS. Number Deficiency Proceeds (this period) N Deficiency proceeds collected in current month. Number Deficiency Proceeds Total (to date) N Deficiency proceeds collected to date. Number Deficiency Vendor Expense N Deficiency vendor out of pocket expenses. Number Deficiency Servicer Expense N Deficiency vendor collection fee Number Hazard Insurance Claim Date B Date hazard claim filed. Date Hazard Insurance Claim Due Date B Date hazard claim due. Number Hazard Insuran...
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Type of liquidation. See Enumerations worksheet. Text Balance at Termination A Actual Principal balance at time of termination. Number Scheduled Sale Date A Dates of planned sales for properties in Foreclosure Date Property Sales Price A Sales price if liquidation was short sale or REO sale. Number Liquidation Date A Date property liquidated. Date Gross Total Proceeds A Gross Total Proceeds. Number Net Total Proceeds A Gross total proceeds less expenses.

Related to Type of liquidation

  • Time for Liquidation A reasonable amount of time shall be allowed for the orderly liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Liquidation Agent to minimize the losses attendant upon such liquidation.

  • Dissolution or Liquidation To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company.

  • Dissolution; Liquidation (a) The Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (i) the written consent of the Member or (ii) any other event or circumstance giving rise to the dissolution of the Company under Section 18-801 of the Act, unless the Company’s existence is continued pursuant to the Act.

  • Cash Liquidation 7 Certificate...................................................................7

  • Termination and Liquidation 4.1 If, at any time:

  • Waiver of Liquidation Distributions In connection with the Securities purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions of the amounts in the Trust Account with respect to the Securities, whether (i) in connection with the exercise of redemption rights if the Company consummates the Business Combination, (ii) in connection with any tender offer conducted by the Company prior to a Business Combination, (iii) upon the Company’s redemption of shares of Common Stock sold in the Company’s IPO upon the Company’s failure to timely complete the Business Combination or (iv) in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation (A) to modify the substance or timing of the Company’s obligation to redeem 100% of the Company’s public shares if the Company does not timely complete the Business Combination or (B) with respect to any other provision relating to stockholders’ rights or pre-Business Combination activity. In the event the Subscriber purchases shares of Common Stock in the IPO or in the aftermarket, any additional shares so purchased shall be eligible to receive the redemption value of such shares of Common Stock upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails to consummate the Business Combination.

  • Winding Up and Liquidation (a) Upon the dissolution of the Company, its affairs shall be wound up as soon as practicable thereafter by the Member. Except as otherwise provided in subsection (c) of this Section 6.2, in winding up the Company and liquidating the assets thereof, the Managers, or other person so designated for such purpose, may arrange for the collection and disbursement to the Member of any future receipts from the Company property or other sums to which the Company may be entitled, or may sell the Company’s interest in the Company property to any person, including persons related to the Member, on such terms and for such consideration as shall be consistent with obtaining the fair market value thereof.

  • Dissolution Liquidation and Termination 32 Section 13.1. No Dissolution........................................32 Section 13.2. Events Causing Dissolution............................32 Section 13.3.

  • Acquisition/Liquidation Procedure The Company agrees: (i) that, prior to the consummation of any Business Combination, it will submit such transaction to the Company's stockholders for their approval ("Business Combination Vote") even if the nature of the acquisition is such as would not ordinarily require stockholder approval under applicable state law; and (ii) that, in the event that the Company does not effect a Business Combination within 18 months from the consummation of this Offering (subject to extension for an additional six-month period, as described in the Prospectus), the Company will be liquidated and will distribute to all holders of IPO Shares (defined below) an aggregate sum equal to the Company's "Liquidation Value." With respect to the Business Combination Vote, the Company shall cause all of the Initial Stockholders to vote the shares of Common Stock owned by them immediately prior to this Offering in accordance with the vote of the holders of a majority of the IPO Shares. At the time the Company seeks approval of any potential Business Combination, the Company will offer each of holders of the Company's Common Stock issued in this Offering ("IPO Shares") the right to convert their IPO Shares at a per share price equal to the amount in the Trust Fund (inclusive of any interest income therein) on the record date ("Conversion Price") for determination of stockholders entitled to vote upon the proposal to approve such Business Combination ("Record Date") divided by the total number of IPO Shares. The Company's "Liquidation Value" shall mean the Company's book value, as determined by the Company and audited by BDO. In no event, however, will the Company's Liquidation Value be less than the Trust Fund, inclusive of any net interest income thereon. If holders of less than 20% in interest of the Company's IPO Shares vote against such approval of a Business Combination, the Company may, but will not be required to, proceed with such Business Combination. If the Company elects to so proceed, it will convert shares, based upon the Conversion Price, from those holders of IPO Shares who affirmatively requested such conversion and who voted against the Business Combination. Only holders of IPO Shares shall be entitled to receive liquidating distributions and the Company shall pay no liquidating distributions with respect to any other shares of capital stock of the Company. If holders of 20% or more in interest of the IPO Shares vote against approval of any potential Business Combination, the Company will not proceed with such Business Combination and will not convert such shares.

  • Dissolution and Liquidation (Check One)

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