CLT definition
Examples of CLT in a sentence
For the sake of clarity, the Purchase Price for any Purchased Asset as of any Purchase Date shall be calculated with respect to the related Underlying Assets that are then owned by a Trustee on behalf of the related CLT, a DST or an REO Subsidiary, as applicable, as of such Purchase Date.
Similarly, the calculation of Market Value, Price Differential, Repurchase Price or any other valuations of all or a portion of the Purchased Assets shall be with respect to the related Underlying Assets, the beneficial ownership interests in which are then allocated to a Trustee on behalf of the related CLT, a DST or an REO Subsidiary as the context may require.
Each Seller, Guarantor, REO Subsidiary and Underlying Trust (or the Trustee for any CLT) has complied in all material respects with all Requirements of Laws.
An REO Subsidiary, a Trustee on behalf of the related CLT or a DST, as applicable, is the sole owner and it is the holder of the REO Property and has good and marketable title thereto, except with respect to any right of redemption to which such title may be subject as identified on the related REO Property Schedule.
All Servicing Rights with respect to the Underlying Assets have been sold and transferred to the applicable Trustee on behalf of the related CLT, or to the applicable DST, as applicable, for the benefit of Buyer, and neither the related Seller nor any Affiliate of such Seller has any Retained Interest therein except as may be provided in the Repurchase Documents.