OREO Properties definition

OREO Properties means any interest in any real or personal property owned by the Bank or any other Corporation acquired through foreclosure or otherwise in connection with collecting a loan or lease.
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OREO Properties has the meaning set forth in Section 3.1(l).
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OREO Properties means that real property owned by Seller and acquired through foreclosure of a Mortgaged Property as set forth on §1.3 of the Disclosure Schedule.
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Examples of OREO Properties in a sentence

  • The Company and its Subsidiaries make no representation or warranty with respect to the status of title or Liens affecting OREO Properties.

  • The Seller has delivered to the Buyer true, correct and complete copies of the instruments conveying title to the OREO Properties to Seller.

  • On or prior to the Closing Date, the Seller shall deliver to the Buyer the Transfer Documents, including instruments of conveyance sufficient to transfer title to the OREO Properties, and, as applicable, have such Transfer Documents recorded of record and shall also take such other steps as may be reasonably necessary or as are reasonably requested by the Buyer to put the Buyer in legal and actual ownership, possession and control of the Acquired Assets.

  • The Association agrees to indemnify and hold the Town harmless against any and all liabilities, including costs, resulting from any action or proceeding arising as a result of the deduction of dues and insurance premiums pursuant to this provision.

  • Seller shall prepare, execute and deliver deeds to the Pending OREO Properties to Buyer as soon as practicable following ▇▇▇▇▇▇'s receipt of same.

  • The Company and of its Subsidiaries make no representation or warranty with respect to the status of title or Liens affecting OREO Properties.

  • As of the date hereof, Seller has not received deeds for certain properties which it recently acquired through foreclosure or sheriff sale, which properties are listed on Schedule L to the Disclosure Letter (the "Pending OREO Properties").

Related to OREO Properties

  • REO Property A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.