Foreclosure Action definition
Foreclosure Action means the sale, transfer or other Disposition by the Collateral Agent of all or any part of the Collateral at any public or private sale at such place and at such time as the Collateral Agent shall determine and in compliance with Applicable Law.
Foreclosure Action means any civil action initiated pursuant to title 14, chapter 713 of the Maine Revised Statutes (14 M.R.S. §§ 6101-6325) to foreclose on a property subject to a mortgage or other note or bond secured by that property, other than a State mortgage pursuant to 14 M.R.S.
Foreclosure Action means any action to foreclose upon or enforce a Lien against any of the Collateral, including (a) commencing judicial or non-judicial foreclosure proceedings, (b) exercising any rights afforded to secured creditors in a case under the Bankruptcy Law with respect to the Collateral, or (c) taking any action under the Bankruptcy Law that directly relates to or directly affects any such Collateral, other than any such action that relates to or affects all or substantially all of the property of the bankruptcy estate.
Examples of Foreclosure Action in a sentence
Notwithstanding the foregoing, Bank shall have the right to review and approve the initial complaint in connection with any Foreclosure Action.
In the event the Borrower is not the successful bidder at the Foreclosure Action, then the Release Amount shall be paid to the Bank on the date of the conveyance of title of the Mortgaged Property to the successful bidder.
More Definitions of Foreclosure Action
Foreclosure Action means any action to foreclose upon or enforce a Lien against any of the Collateral, including (a) commencing judicial or non-judicial foreclosure proceedings, (b) exercising any rights afforded to secured creditors in a case under the Bankruptcy Code with respect to the Collateral, or (c) taking any action under the Bankruptcy Code that directly relates to or directly affects any such Collateral, other than any such action that relates to or affects all or substantially all of the property of the bankruptcy estate.
Foreclosure Action means any pending foreclosure action with respect to the Security Instrument, whether judicial or non-judicial.
Foreclosure Action means the action filed by Barclays in the Superior Court of the State of New Jersey, Chancery Division, Monmouth County, against the Debtor, the State of New Jersey and Ricoh Americas Corporation, Docket No. F-38481-08.
Foreclosure Action means, with respect to any Creditor, any action to foreclose upon or enforce a Lien against particular property, including commencing judicial or non-judicial foreclosure proceedings, exercising any other remedy with respect to any item of real or personal property included in the Collateral, exercising any rights afforded to secured creditors in a case under the Bankruptcy Code (including those under Section 361, 362 or 363 thereof), or taking any action under the Bankruptcy Code that directly relates to or directly affects any Collateral, other than any such action that relates to or affects (a) the perfection or maintenance of the perfection of any Collateral or (b) all or substantially all the property of the bankruptcy estate.
Foreclosure Action shall have the meaning specified in Section 1(b).
Foreclosure Action has the meaning provided in Section 12.01.
Foreclosure Action means any action, suit or proceeding brought by Mortgagee to collect the Note, foreclose this Mortgage and/or to enforce any of its other rights or remedies under the Loan Documents.