REO Acquisition definition

REO Acquisition. The acquisition by the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders of any REO Property pursuant to Section 3.14.

REO Acquisition. The acquisition of any REO Property pursuant to Section 3.09.

REO Acquisition. The acquisition for federal income tax purposes of any REO Property pursuant to Section 3.09.

Examples of REO Acquisition in a sentence

• The Master Servicer shall foreclose upon or otherwise comparably convert (which may include an REO Acquisition) the ownership of properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07.

• All Monthly Payments (other than a Balloon Payment), Assumed Monthly Payments (in the case of a Balloon Loan delinquent in respect of its Balloon Payment) and other amounts due and owing, or deemed to be due and owing, in respect of the predecessor Loan as of the date of the related REO Acquisition, shall be deemed to continue to be due and owing in respect of an REO Loan.

• Twelve doubly excited levels are presented for 4p2, 3d2, 3d4p and 3d5s electronic configurations (see the legend of Fig.

• The credits shall be freely assignable and such assignment shall be effective upon written notice to District of such assignment and the District shall be entitled to conclusively rely on the accuracy of such a written notice of assignment in determining the amount of the credit and the identity of the parties entitled to the credit.

• Each REO Loan shall be deemed to have an initial unpaid principal balance and Stated Principal Balance equal to the unpaid principal balance and Stated Principal Balance, respectively, of its predecessor Loan as of the date of the related REO Acquisition.

More Definitions of REO Acquisition

REO Acquisition. The acquisition of any REO Property pursuant to Section 3.09 (or, in the case of any REO Property related to a Non-Trust-Serviced Pooled Mortgage Loan, pursuant to the related Non-Trust Pooling and Servicing Agreement).

REO Acquisition. The acquisition of any REO Property by the Trust Fund pursuant to Section 3.09.

REO Acquisition. The acquisition by the Servicer on behalf of the Indenture Trustee for the benefit of the Noteholders of any REO Property pursuant to Section 3.13 of the Servicing Agreement.

REO Acquisition means the acquisition of any REO Property pursuant to Section 8.7.

REO Acquisition. The acquisition by the Servicer or an REO Affiliate, on behalf of the Seller for the benefit of the Trustee (or a nominee) for the benefit of the Secured Parties, of any Mortgaged Property through foreclosure or by deed in lieu of foreclosure.

REO Acquisition. The acquisition by the Special Servicer on behalf of the Issuer for the benefit of the Bondholders of any Mortgaged Property.

REO Acquisition. The acquisition by the Company on behalf of the Initial Owner of any REO Property pursuant to Section 3.12.