Collateral Foreclosure definition

Collateral Foreclosure means any setoff, application or foreclosure taken by an applicable secured party with respect to any Merrill Collateral.
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Examples of Collateral Foreclosure in a sentence

  • The Sleeve Provider shall notify REPS of the Dollar amount paid by the Xxxxxxx Parties as a result of such demand or the Dollar amount of Xxxxxxx Collateral relating to such Collateral Foreclosure, as applicable, and the date on which payment was made by a Xxxxxxx Party in respect of such demand or the date on which such Collateral Foreclosure occurred, as applicable (any such date, a “Capital Outlay Date”).

  • Christine Haughney, Collateral Foreclosure Damage for Condo Owners, N.Y. TIMES, May 15,2008.

  • The Sleeve Provider shall notify REPS, promptly upon receipt from any beneficiary or recipient of an ML Guarantee or any secured party to which the Sleeve Provider has provided collateral pursuant to Article II (“Xxxxxxx Collateral”) of any demand for payment under such ML Guarantee or any Collateral Foreclosure thereon.

  • Christine Haughney, Collateral Foreclosure Damage, N.Y. TIMES, May 15, 2008, at C1 (internal quotation marks omitted).

  • If the lessee sells the asset to a third party, this is regarded a criminal act and the lessee runs the risk of prosecution and jail.Box 13: Collateral Foreclosure Problems 5.12 In addition, the lessor has greater control over the disbursement of funds, avoiding the risk of diversion.

  • In an opinion which thoroughlyanalyzes the relevant case law (much of which has been cited by the parties here), the court in Herbal Supplements ruled that Lipsky does not stand for a categorical rule barring a plaintiff from including allegations from another lawsuit on the basis that the other lawsuit has not been adjudicated.

  • The Sleeve Provider shall notify REPS, promptly upon receipt from any beneficiary or recipient of an ML Guarantee or any secured party to which the Sleeve Provider has provided collateral pursuant to Article 2 (whether a ML Guarantee, posted cash collateral, surety bond, letter of credit or other collateral, “Xxxxxxx Collateral”) of any demand for payment under such ML Collateral or any Collateral Foreclosure thereon.

  • Again this is more important if the UK must, or chooses to, operate consistent criteria for all Host/Home countries, including where they are not technically within scope of the PWD.

  • Finally in the wall jet region, the flow is mainly radial and the radial velocity initially increasing from 0 m/s at the stagnation point reaches a maximum further downstream.

  • The Sleeve Provider shall notify NRG of the Dollar amount paid by the Xxxxxxx Parties as a result of such demand or the Dollar amount of Xxxxxxx Collateral relating to such Collateral Foreclosure, as applicable, and the date on which payment was made by a Xxxxxxx Party in respect of such demand or the date on which such Collateral Foreclosure occurred, as applicable (any such date, a “Capital Outlay Date”).

Related to Collateral Foreclosure

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Collateral Pool means all of the Collateral.

  • Collateral File With respect to each Mortgage Loan, a file containing each of the Collateral Documents.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Collateral has the meaning set forth in Section 2.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Acceptable Collateral means any of the following assets of Borrower, if (x) held in or credited to any Collateral Account subject to a first priority Lien under the applicable Security Agreement and (y) the Collateral Requirement has been satisfied with respect thereto:

  • Collateral Substitution has the meaning specified in Section 3.13.

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Collateral Fund The fund established and maintained pursuant to Section 3.01 hereof.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Hedge Collateral Defined in Section 5.3(b).

  • UCC Collateral is defined in Section 3.03.