REO Certificates definition

REO Certificates means, collectively, the certificates evidencing 100% of the REO Interests for a REO Subsidiary.

REO Certificates means, collectively, the certificates evidencing 100% of the REO Interests for a REO Subsidiary. “REO Interests” means any and all of the Capital Stock in a REO Subsidiary, including, without limitation, all its rightsto participate in the operation or management of such REO Subsidiary and all its rights to properties, assets, trust interests anddistributions under the applicable SPE Agreement in respect of such trust interests. “REO Interests” also include (i) all accounts receivable arising out of the SPE Agreements, (ii) all general intangibles arising out of the SPE Agreements, and (iii) to the extent not otherwise included, all proceeds of any and all of the foregoing (including within proceeds, whether or not otherwise included therein, any and all contractual rights of the applicable Seller under any revenue sharing or similar agreement to receive all or any portion of the revenues or profits of such REO Subsidiary).

REO Certificates means, collectively, the certificates evidencing 100% of the REO Interests for a REO Subsidiary. “REO Interests” means any and all of the Capital Stock in a REO Subsidiary, including, without limitation, all its

Examples of REO Certificates in a sentence

• Upon the satisfaction of the applicable conditions precedent set forth in Section 10 hereof, all of Sellers’ interest in the REO Certificates and SFR Certificates shall pass to Buyer on the Purchase Date, against the transfer of the Purchase Price for the initial Contributed Assets to each Seller.

• The Buyer previously purchased the Trust Certificates, REO Certificates and the SFR Certificates from the applicable Sellers.

• The Administrative Agent previously purchased the Trust Certificates, REO Certificates and the SFR Certificates from the Original Sellers.

• Upon the satisfaction of the applicable conditions precedent set forth in S ection 10 hereof, all of Sellers’ interest in the REO Certificates and SFR Certificates shall pass to Administrative Agent on behalf of the Buyers on the Purchase Date, against the transfer of the Purchase Price for the initial Contributed Assets to each Seller.

• Huntington Capital Financing OREO is a holder of a Class REO Certificate in Franklin Mortgage Asset Trust 2009-A evidencing an 83.27962% interest in the distributions allocable to the Class REO Certificates.

• On the initial Purchase Date under this Agreement, the Buyer will purchase the REO Certificates and the SFR Certificates from the applicable Sellers.

• In consideration of the sale, transfer and assignment of the Assets from the Sellers to the Purchaser on the Closing Date, the Purchaser agrees to issue to or upon the order of the Sellers the Class A Certificates and the Class REO Certificates (the “Purchase Price”).