Acquired Collateral definition

Acquired Collateral means property to which title is acquired by foreclosure, by deed in lieu of foreclosure, by power of sale or by sale pursuant to the Uniform Commercial Code, in any such case in accordance with the Loan Documents and this Agreement.
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Acquired Collateral means Collateral to which title is acquired by or on behalf of the Company or any Ownership Entity by foreclosure, by deed in lieu of foreclosure, by power of sale or by sale pursuant to the Uniform Commercial Code, in any such case in accordance with the Loan Documents and in connection with performance by the Company of its obligations and duties under this Agreement.
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Acquired Collateral means Collateral acquired by the Servicer through foreclosure, deed-in-lieu of foreclosure, other realization upon a Security Instrument, or otherwise in connection with a defaulted Loan, or as to which the servicing or management is transferred to the Servicer and made subject to this Agreement and the applicable Appendix by the written agreement of the parties, including but not limited to Mortgaged Property in the case of a Mortgage Loan.
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Examples of Acquired Collateral in a sentence

  • The Company shall proceed expeditiously to cause to be commenced the liquidation of the remaining Loans and Acquired Collateral by means of sealed bid sales to Persons other than Affiliates of the Company, the Servicer or any Subservicer, or Affiliates of the Servicer or any Subservicer.

  • In order to exercise its rights under this Section, Participant shall give notice in writing to the Company, setting forth the date by which the remaining Loans and Acquired Collateral are to be liquidated by the Company, which date shall be no less than 150 calendar days after the date of such notice.

  • Except as is expressly provided in this Agreement, the Participation Interest shall not impose any obligations or liabilities on Participant with respect to the Loans or any Acquired Collateral and Participant shall not be liable for or obligated to pay (and Participant’s Share shall not be reduced by) any funding obligations of the Company or any costs or expenses incurred in connection with the ownership, servicing, management or administration of the Loans or any Acquired Collateral.

  • In the event Participant undertakes to liquidate the remaining Loans and Acquired Collateral pursuant to this Section, all costs and expenses incurred by it shall be deducted from the Loan Proceeds and, after reimbursing the Company for any amounts to which it is entitled pursuant to Section 3.03 of this Agreement, the remaining Loan Proceeds shall be allocated between and distributed to Participant and the Company in accordance with Section 4.01.

  • In the event the remaining Loans and Acquired Collateral are not liquidated by the date specified in the notice provided by Participant pursuant to Section 9.02, Participant shall be entitled to liquidate the remaining Loans and Acquired Collateral in its discretion and the Company shall cooperate and assist with such liquidation to the extent reasonably requested by Participant.

  • It is expressly understood and agreed that, with respect to this Agreement and the transactions contemplated hereby, as between themselves, Participant and the Company each hereby acknowledge and agree that Participant is participating in the ownership of the Loans and the Acquired Collateral and Participant and the Company are not investing in a common enterprise or partnership with each other.

  • In the event the Company or any Affiliate thereof desires to bid to acquire the remaining Loans and Acquired Collateral, then Participant shall be entitled to liquidate the remaining Loans and Acquired Collateral in its discretion.

  • The selection of any financial adviser or other Person, broker or sales agent retained for the liquidation of the remaining Loans and Acquired Collateral pursuant to this Section shall be subject to the prior approval of Participant, such approval not to be unreasonably withheld, delayed or conditioned as long as the fees to be charged by such financial adviser or other Person, broker or sales agent are reasonable.

  • The selection of any financial adviser or other third party broker or sales agent retained for the liquidation of the remaining Loans and Acquired Collateral pursuant to this Section shall be subject to the prior approval of Participant, such approval not to be unreasonably withheld, delayed or conditioned.

  • Dr 1320 Claims Receivable-PublicDr 1919 Allowance for Loss on Acquired CollateralDr 2910 Prior Liens Outstanding on Acquired Collateral Dr 1011 Funds CollectedCr 1910 Acquired CollateralTo record sale of acquired collateral and to recognize an additional claim for amounts not recovered in disposing the collateral.


More Definitions of Acquired Collateral

Acquired Collateral means all of Borrower's right, title, and interest in and to each of the following, if and to the extent all or any part of the acquisition price or cost of construction or improvement thereof is financed from the proceeds of an Acquisition Advance:
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Acquired Collateral has the meaning specified in the Custodial and Paying Agency Agreement.
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Related to Acquired Collateral

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Excluded Collateral shall have the meaning assigned to such term in the Security Agreement.

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • Permitted Priority Liens means (i) Liens permitted under Section 9.02(c), (d), (e), (f), (g), and (j), and (ii) Liens permitted under Section 9.02(b) provided that such Liens are also of the type described in Section 9.02(c), (d), (e), (f), (g), and (j).

  • Permitted Collateral Liens means (a) in the case of Collateral other than Mortgaged Property, the Liens permitted under Section 6.01 and (b) in the case of Mortgaged Property, “Permitted Collateral Liens” shall mean the Liens described in clauses (a), (c), (d), (g), (h), (o), (p) and (u) of Section 6.01.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • UCC Collateral is defined in Section 3.03.

  • Foreign Collateral means all Collateral of Foreign Loan Parties securing the Guaranteed Foreign Obligations.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Collateral has the meaning set forth in Section 2.

  • Permitted Security Interest means any Security Interest:

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Pledged or Controlled Collateral has the meaning assigned to such term in Section 5.05(a).

  • First Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First Lien Obligations.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.

  • Permitted Prior Liens means (1) Liens described in clauses (9), (10), (11), (13), (14), (15), (18), (21), (22), (23), (24), (25), (27), (31), (32) and (33) of the definition of "Permitted Liens," (2) Liens refinancing or replacing any of the Liens contemplated in clause (1) of this definition and (3) Liens that arise by operation of law and are not voluntarily granted, to the extent entitled by law to priority over the security interests created by the Security Documents or the Xxxxxx Security Documents, as applicable.