Administered REO Property definition

Administered REO Property. Any REO Property other than any REO Property related to a Non-Trust-Serviced Pooled Mortgage Loan.

Administered REO Property means any REO Property other than, if applicable, any Outside Administered REO Property.

Administered REO Property means any REO Property that is, as contemplated by Section 3.01, to be administered by the Special Servicer hereunder.

Examples of Administered REO Property in a sentence

• Any such limited liability company formed by the Special Servicer shall be a manager-managed limited liability company, with the Special Servicer to serve as the initial manager to manage the property of the limited liability company, including any applicable Administered REO Property, in accordance with the terms of this Agreement as if such property was held directly in the name of the Trust or Trustee under this Agreement.

• Regardless of whether the Special Servicer applies for or is granted the REO Extension contemplated by clause (i) of the immediately preceding sentence or obtains the Opinion of Counsel referred to in clause (ii) of such sentence, the Special Servicer shall act in accordance with the Servicing Standard to liquidate the subject Administered REO Property on a timely basis.

• Regardless of whether the applicable Special Servicer applies for or is granted the REO Extension contemplated by clause (i) of the immediately preceding sentence or obtains the Opinion of Counsel referred to in clause (ii) of such sentence, the applicable Special Servicer shall act in accordance with the Servicing Standard to liquidate the subject Administered REO Property on a timely basis.

• If the applicable Special Servicer is granted such REO Extension or obtains such Opinion of Counsel with respect to any Administered REO Property, the applicable Special Servicer shall (i) promptly forward a copy of such REO Extension or Opinion of Counsel to the Trustee, and (ii) sell the subject Administered REO Property within such extended period as is permitted by such REO Extension or contemplated by such Opinion of Counsel, as the case may be.

• Any such limited liability company formed by the applicable Special Servicer shall be a manager-managed limited liability company, with the applicable Special Servicer to serve as the initial manager to manage the property of the limited liability company, including any applicable Administered REO Property, in accordance with the terms of this Agreement as if such property was held directly in the name of the Trust or Trustee under this Agreement.

More Definitions of Administered REO Property

Administered REO Property means any REO Property other than, if applicable, any Two Penn Plaza REO Property.

Administered REO Property means any REO Property other than, if applicable, any GIC Office REO Property.

Administered REO Property. Any REO Property other than any 1290 Avenue of the Americas REO Property.

Administered REO Property. Any REO Property other than any Park La Brea Apartments REO Property.

Administered REO Property. Any REO Property other than any Peter Cooper Village axx Xxxxxxxxxt Town REO Property.

Administered REO Property. Any REO Property other than any Glendale Galleria REO Property.

Administered REO Property means any REO Property other than, if applicable, the Great Lakes Crossing REO Property.