foreclosed assets definition
foreclosed assets means real estate and assets of material value which are transferred to the Sacco Society because of non-repayment of a loan;
foreclosed assets means the Debtors' assets on which the Indenture Trustee shall be deemed to have foreclosed the liens of the holders of the Senior Notes pursuant to Section 6.5 of this Plan. The Foreclosed Assets shall include all assets of the Debtors, including, but not limited to, the stock of JSI Property Corp., Pension Corp. and Fruehauf de Mexico and all rights to receive tax refunds, but excluding the Distribution Fund and the Wabash Securities.
foreclosed assets means real estate and assets of material value which are transferred to the SACCO as a result of non-repayment of a loan;
More Definitions of foreclosed assets
foreclosed assets means real estate and other assets of material value which are transferred to the Non-Deposit Taking Microfinance Institution as a result of non-repayment of a loan;
foreclosed assets. : means, collectively, the Fairmont Foreclosed Assets, the LOR V Foreclosed Assets and the LOR Foreclosed Assets;
foreclosed assets mean real or personal property acquired by Bank (a) through purchases at sales under judgments, decrees, or mortgages where the property was security for debts previously contracted, (b) through conveyance in satisfaction or partial satisfaction of debts previously contracted, or (c) through purchases to secure debts previously contracted.
foreclosed assets means assets obtained by taking possession of collateral and which remain recognised on the Statement of Financial Position. Foreclosed assets can be obtained through judicial procedures, through bilateral agreement with the borrower or through other types of collateral transfer from the borrower to the credit institution. Foreclosed assets may include financial and non-financial assets and should include all collateral obtained irrespective of accounting classification.
foreclosed assets means, collectively, the Fairmont Foreclosed Assets ... (para. 1.1(jjjj));
foreclosed assets together with the Loans, the “Investments”). The Company may also engage in any other lawful act or activity for which limited liability companies may be formed under the Act.