Resale Procedure definition

Resale Procedure means, with respect to a Loan subject to a Specified Indemnity Claim, the process by which Servicer shall arrange for and Purchaser shall agree to the sale of such Loan by Purchaser to a third party for a purchase price equal to the Resale Price.
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Examples of Resale Procedure in a sentence

  • Notwithstanding the Resale Period, in the event any proposed buyer fails to make the requisite payment of the Resale Price, Servicer shall remain obligated to pay the full Resale Price (less any previously paid Resale Differential made in anticipation of a successful Resale Procedure sale) within sixty (60) days of Servicer’s receipt of notice from Purchaser (or its designee) of such failed payment.

  • Subject to the following paragraph, Servicer shall finalize and/or complete the Resale Procedure, pay any due and owed Resale Differential payments to Purchaser and arrange for payment in full of the Resale Price by the applicable buyer(s) to Purchaser within 120 days of Servicer’s receipt of the related Purchaser Claims Notice (“Resale Period”).

  • If Servicer does not elect to dispute the claim (and the applicable Indemnity Deductible has been satisfied), Servicer shall do one of the following within ninety (90) days of its receipt of the Purchaser Claims Notice: (A) make payment of the applicable indemnification amount to Purchaser, (B) commence the Repurchase Procedure, or (C) commence the Resale Procedure.

  • Efforts should be made to enhance the pedestrian pathways and the physical interaction the built environment has with the pedestrian realm.

  • Subject to Sections 5.1(a) and 5.1(b), if Seller elects and implements the Resale Procedure with respect to a Purchased Loan, Seller shall pay to Purchaser an amount equal to the positive difference, if any, between (x) the outstanding principal balance of such Purchased Loan as of the date of such resale and (y) the related Resale Price (any such positive difference, a “Resale Differential”).

  • If Seller does not elect to dispute the claim (and the applicable Indemnity Deductible has been satisfied), Seller shall do one of the following within ninety (90) days of its receipt of the Purchaser Claims Notice: (i) make payment of the applicable indemnification amount to Purchaser, (ii) commence the Repurchase Procedure, or (iii) commence the Resale Procedure.

  • For the avoidance of doubt, the obligations of Servicer with respect to a Specified Indemnity Claim for which it has elected the Resale Procedure are not satisfied until the applicable Resale Price (together with any due and owed Resale Differential) has been received by the Purchaser (or its designee) by wire transfer into the account Purchase shall specify prior to such sale (or such other payment method reasonably acceptable to Purchaser).

  • Furthermore, the obligations of Seller with respect to a Specified Indemnity Claim for which it has elected the Resale Procedure are not satisfied until the applicable Resale Price (together with any due and owed Resale Differential) has been received by Purchaser (or its designee) by wire transfer into the account Purchase shall specify prior to such sale (or such other payment method reasonably acceptable to Purchaser).

  • Subject to the following paragraph, Seller shall finalize and/or complete the Resale Procedure, pay any due and owed Resale Differential payments to Purchaser and arrange for payment in full of the Resale Price by the applicable buyer(s) to Purchaser within 120 days of Seller’s receipt of the related Purchaser Claims Notice (“Resale Period”).

  • Subject to Section 5.3(a)(i)-(ii), if Servicer elects and implements the Resale Procedure with respect to a Loan, Servicer shall pay to Purchaser an amount equal to the positive difference, if any, between (x) the outstanding principal balance of such Loan as of the date of such resale and (y) the related Resale Price (any such positive difference, a “Resale Differential”).

Related to Resale Procedure

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Grievance Procedure is used in this Agreement, it shall be considered as including the arbitration procedure.

  • Rights Offering Procedures means the procedures with respect to the Rights Offerings that are approved by the Bankruptcy Court pursuant to the Disclosure Statement Order, which procedures shall be in form and substance substantially as set forth on Exhibit A hereto, as may be modified in a manner that is reasonably acceptable to the Requisite Commitment Parties and the Company.

  • Associated Procedures means those procedures and/or statements that have been adopted by the Underwriter, the Adviser, a Fund or the Compliance Department, and which are designed to supplement this Code and its provisions.

  • Direct Ordering Procedure means the ordering procedure set out in paragraph 2 of Schedule 5 (Ordering Procedure) of this Framework Agreement;

  • Restrictive procedures means the use of physical holding or seclusion of children with disabilities in an emergency. Because the special education director reported the district intends to continue the use of physically holding children with disabilities in an emergency, the district is required to maintain and make publicly accessible a restrictive procedures plan (RPP) for children with disabilities. Minnesota Statute requires that the plan must, at least, list the restrictive procedures the school intends to use; describe how the school will monitor and review the use of restrictive procedures; and include a written description and documentation of the training school personnel completed.

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Ordering Procedures means the ordering and award procedures specified in Clause 6 (Ordering Procedures) and Framework Schedule 5 (Ordering Procedure);

  • Bidding Procedures means the bidding procedures approved by the Bankruptcy Court pursuant to the Bidding Procedures Order.

  • Aversive procedure means a systematic physical or sensory intervention program for modifying the behavior of a student with a disability which causes or reasonably may be expected to cause one or more of the following:

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Call Off Procedure means the process for awarding a Call Off Agreement pursuant to Clause 4 (Call Off Procedure) and Framework Schedule 5 (Call Off Procedure);

  • Complaints Procedure means the School's procedure for handling complaints from parents, as amended from time to time for legal or other substantive reasons, or in order to assist the proper administration of the School. It does not form part of the contract between you and the School. A copy of the most up-to-date procedure is on the School's website and is otherwise available from the School at any time upon request;

  • Shelf Procedures means the rules and procedures established pursuant to NI 44-102;

  • Applicable Procedures means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange.

  • Transfer Order means a transfer order issued pursuant to subsection 40(1) of the CCA transferring this Agreement from the LHIN to Ontario Health;

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • Award Procedures means the procedures for entering into Call-off Contracts set out at Schedule 3.

  • Computer Security Procedures means procedures for prevention of unauthorized computer access and use and administration of computer access and use as provided in writing to the Underwriter.

  • Procedure means one or more surgical procedures or medical therapy performed in a Center of Excellence.

  • Day Case Procedure means a Medically Necessary surgical procedure for investigation or treatment to the Insured Person performed in a medical clinic, or day case procedure centre or Hospital with facilities for recovery as a Day Patient.

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Depositary Procedures means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction.

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • Dissent Procedures has the meaning set out in Section 3.1;

  • Staff Vetting Procedure means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.