Asset Resolution definition

Asset Resolution means, with respect to an issue of Specially Serviced Bonds, (i) the sale of the related Mortgaged Property at Foreclosure or thereafter, (ii) the sale of such issue of Specially Serviced Bonds, or (iii) the execution of a workout agreement pursuant to which the related Bond Mortgage Loan and Bonds are modified.
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Examples of Asset Resolution in a sentence

  • The Asset Resolution Plan shall require that, promptly upon its adoption, the Company write-down or charge-off the Work-Out Assets, or increase the specific credit loss reserves relating to them to account for any change in the work-out strategy with respect to each such asset; provided, however, that any write-down, charge-off or increase to credit loss reserves must comply with GAAP and applicable regulatory guidance.

  • Any such loss or damage with respect to a Mortgaged Property or the related Bonds shall be determined at the time of Asset Resolution, and any such cost or expense with respect to a Mortgaged Property or the related Bonds will be subject to indemnification under this Subsection 2.4(c) at the time of incurrence.

  • Asset Resolution · For all firms supported within the universal database, we reconcile firm, office, and representative information on new TA2000 accounts or updates to existing TA2000 accounts to the executing firm, office, and representative.

  • The Asset Resolution Plan shall require the Company to accelerate its work-out strategy with respect to the Work-Out Assets, and provide for the disposition, work out, upgrade or other resolution of them within eighteen (18) months of the Closing Date, based upon the additional capital raised in the transaction.

  • In developing the Asset Resolution Plan with the Company, neither the Lead Investor nor Castle Creek shall be deemed to be acting as agent of any other Purchaser and neither the Lead Investor nor Castle Creek shall have any duties or obligations to any other Purchaser, nor will any other Purchaser have any rights to enforce the Asset Resolution Plan.

  • Room F-7018 Washington, D.C. 20429 Attention: ▇▇▇▇▇ ▇▇▇▇▇▇ E-mail Address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇ with a copy to: Senior Counsel FDIC Legal Division Litigation and Resolutions Branch, Receivership Section Special Issues Unit ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ (▇▇▇▇ ▇-▇▇▇▇) ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇▇▇ E-mail Address: ▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇ PMO Loan Acquisition Venture, LLC c/o Milestone Asset Resolution Company, LLC ▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇▇, ▇▇▇ ▇▇▇▇▇ Washington, D.C. 20006 Attention: ▇.

  • The Company shall adopt the mutually agreeable Asset Resolution Plan within 30 days after the Work-out Assets are identified.

  • Services for the review of tax legislation, the development of methodological norms for privatization, the design of privatization pools, and the establishment of the Asset Resolution Agency, may, with the Bank’s prior agreement, be procured in accordance with the provisions of paragraphs 3.8 through 3.11 of the Consultant Guidelines.

  • The Bank, as Seller, and the Asset Resolution Subsidiary, as Purchaser, shall have executed and delivered the Asset Purchase Agreement and no circumstances or conditions shall exist and no events shall have occurred which could reasonably be expected to prevent the Bank or the Asset Resolution Subsidiary from consummating the transactions contemplated by such Agreement.

  • The Asset Resolution Plan shall require that, promptly upon its adoption, the Company write-down or charge-off the Work-Out Assets, or increase the specific loan loss reserves relating to them to account for any change in the work-out strategy with respect to each such asset; provided, however, that any write-down, charge-off or increase to loan loss reserves must comply with GAAP and applicable regulatory guidance.

Related to Asset Resolution

  • Series Resolution means a resolution of the Corporation authorizing the issuance of a Series of Bonds in accordance with the terms and provisions of the General Trust Indenture, adopted by the Corporation in accordance with Section 204 of the General Trust Indenture.

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • Bond Resolution means the resolution to be adopted by the Governing Body prescribing the terms and details of the Bonds and making covenants with respect thereto.

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • Resolution shall have the meaning specified in Section 8(E).