Foreclosure Procedures definition

Foreclosure Procedures means the written agreement by Buyer and Seller as to the procedures to be adhered to by Seller and its affiliates in connection with the exercise of remedies (including foreclosure) under the senior mezzanine loan made under the Senior Mezzanine Loan Agreement, which, among other things, will require that any foreclosure or purchase result in the related assets being acquired by KBS Acquisition.

Examples of Foreclosure Procedures in a sentence

  • Defaulted Loan means a Loan which is either (i) in arrears for more than 180 days or(ii) which has been accelerated by the Servicer and in relation to which the Servicer has commenced the Foreclosure Procedures.

  • Moreover, if action is taken by a third party creditor against a Borrower prior to AXA acting as Servicer following the sale of the Loans to the Issuer, the Seller will not control the Foreclosure Procedures but rather will become subjected to any prior foreclosure procedures initiated by a third party creditor prior to the institution of Foreclosure Procedures by AXA.

  • November 14: Deadline for payments in old notes including for petrol extended yet again for limited time November 15: Banks instructed to use indelible ink on finger to ensure people change cash only once.

  • A link to the Residential Mortgage Foreclosure Procedures can be found at www.circuit19.org on the left-hand side of the screen.

  • In the event a lessee or sublessee under a Residential Land Lease encumbered by a Leasehold Mortgage is 30 days past due on his or her mortgage payment, the lender may proceed under Section 4503 of the Nation’s Housing Code, Foreclosure Procedures, and other applicable sections of the Housing Code.

  • Section 13.4 Foreclosure Procedures........................................

  • Section 13.4 Foreclosure Procedures...........................................

  • The Bureau could defer to definitions already existing in state law or, in a state without a definition, by using the Uniform Law Commission’s proposed definition in the Uniform Home Foreclosure Procedures Act.The Bureau should require the servicer to send a letter to the property address as well as any other known address for the borrower when it believes a property to be vacant or abandoned and intends to initiate foreclosure.

  • FORECLOSURES:Administrative Order 2019-004 is the most recent order on Mortgage Foreclosure Procedures for the 6th Circuit.

  • Mortgage Foreclosure Procedures under Iowa LawA borrower is given 30 days to cure after notice of default.

Related to Foreclosure Procedures

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • appropriate procedures means procedures reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures were in place and transfer agent industry standards, if known, in place at the time of the occurrence.

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Enforcement Procedures means the procedures for the enforcement of Mortgages from time to time in accordance with the relevant Seller’s Policy;

  • Servicing Procedures means the servicing procedures of Ford Credit relating to retail installment sale contracts originated or purchased by Ford Credit as the procedures may change.

  • Bidding Procedures means the bidding procedures approved by the Bankruptcy Court pursuant to the Bidding Procedures Order.

  • Remarketing Procedures means the procedures for conducting Remarketings set forth in Part II of these Articles Supplementary.

  • Ordering Procedures means the ordering and award procedures specified in Clause 6 (Ordering Procedures) and Framework Schedule 5 (Ordering Procedure);

  • Grievance Procedure is used in this Agreement, it shall be considered as including the arbitration procedure.

  • MERS Procedures Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • Rights Offering Procedures means the procedures with respect to the Rights Offerings that are approved by the Bankruptcy Court pursuant to the Disclosure Statement Order, which procedures shall be in form and substance substantially as set forth on Exhibit A hereto, as may be modified in a manner that is reasonably acceptable to the Requisite Commitment Parties and the Company.

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • Direct Ordering Procedure means the ordering procedure set out in paragraph 2 of Schedule 5 (Ordering Procedure) of this Framework Agreement;

  • Applicable Procedures means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • Restrictive procedures means the use of physical holding or seclusion of children with disabilities in an emergency. Because the special education director reported the district intends to continue the use of physically holding children with disabilities in an emergency, the district is required to maintain and make publicly accessible a restrictive procedures plan (RPP) for children with disabilities. Minnesota Statute requires that the plan must, at least, list the restrictive procedures the school intends to use; describe how the school will monitor and review the use of restrictive procedures; and include a written description and documentation of the training school personnel completed.

  • Security Procedures means rules and regulations governing access to, and health and safety procedures while on, Government premises; and information technology security protocols;

  • Computer Security Procedures means procedures for prevention of unauthorized computer access and use and administration of computer access and use as provided in writing to the Underwriter.

  • Policies and Procedures means the written policies and procedures of the Client in any way related to the Services, including any such policies and procedures contained in the Organic Documents and the Offering Documents.

  • railway operational procedures means procedures specified under any access agreement (as defined in the Railways Act 1993) or station lease;

  • Customary Servicing Procedures means procedures (including collection procedures) that the Assuming Institution (or, to the extent a Third Party Servicer is engaged, the Third Party Servicer) customarily employs and exercises in servicing and administering mortgage loans for its own accounts and the servicing procedures established by FNMA or FHLMC (as in effect from time to time), which are in accordance with accepted mortgage servicing practices of prudent lending institutions.

  • MERS Procedure Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.