Pending Foreclosure definition
Pending Foreclosure means the pending public sale of the Aircraft by the Loan Participants under the Existing Structure scheduled to be held on February 27, 2006 at 10:00 a.m.;
Examples of Pending Foreclosure in a sentence
There shall be excluded from the foregoing indemnification provision any claim, cause of action, suit, proceeding or demand, and any and all losses, liabilities, costs and expenses of any nature whatsoever associated therewith arising out of, or in connection with, directly or indirectly, the activities of Seller in connection with its servicing, or administration, after the Transfer Date of the Pending Foreclosure Mortgage Loans and the Pending Disposition REO Property.