Examples of Foreclosure Property in a sentence
Income from Foreclosure Property Income from foreclosure property is treated as "qualifying income" for purposes of the 75 percent and 95 percent tests (although any net income from foreclosure property is taxed at the maximum corporate rate).
The Servicer shall, either itself or through an agent selected by the Servicer, manage, conserve, protect and operate the Foreclosure Property in the same manner that it manages, conserves, protects and operates other foreclosure property for its own account.
Scheduled Sale Date Dates of planned sales for properties in Foreclosure Property Sales Price Sales price if liquidation was short sale or REO sale.
The REIT, the Finance Sub, and the Partnerships have not earned and will not earn fees for services performed, or other income (whether or not through a manager) not described in clauses (i) through (viii) of paragraph 13(a) above, other than with respect to (i) Foreclosure Property and (ii) income, if any attributable to reimbursements paid by the Operating Partnership and Finance Partnership to the REIT pursuant to the terms of the Partnership Agreements.
The Servicer shall manage, conserve, protect and operate each Foreclosure Property for the Indenture Trustee and the Securityholders solely for the purpose of the prudent and prompt disposition and sale of such Foreclosure Property.