Receiver Acquired Property means (i) Underlying Collateral title to which has been acquired by or on behalf of the Initial Member or any Failed Bank 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 if the foreclosure or other acquisition event occurs after the Cut-Off Date, or occurred on or before the Cut-Off Date but the Redemption Period had not expired on or before the Cut-Off Date, (ii) the equity interests in any Ownership Entity holding any such Underlying Collateral and (iii) the assets held directly or indirectly by any such Ownership Entities.
Receiver Acquired Property means (i) Underlying Collateral title to which has been acquired by or on behalf of the Initial Member or any Failed Bank 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, if the foreclosure or other acquisition event occurs after the Cut-off Date, or occurred on or before the Cut-Off Date but the Redemption Period (as such term is defined in the Contribution Agreement) had not expired on or before the Cut-Off Date, (ii) the equity interests in any Ownership Entity or any such Underlying Collateral and (iii) the assets held directly or indirectly by any such Ownership Entity.
Receiver Acquired Property means (a) the equity interests in any Ownership Entity (or other special purpose entity holding applicable real and/or personal property) set forth on the Ownership Entity and Receiver Acquired Property Schedule (and the assets held directly or indirectly by any such Ownership Entity); (b) Collateral that is identified as “Owned Real Estate” on the Ownership Entity and Receiver Acquired Property Schedule, the title to which has been acquired by or on behalf of the Receiver or the Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or pursuant to the Uniform Commercial Code or otherwise (including where the foreclosure or other acquisition event occurs before the Cut-Off Date), but the title to which has not yet been transferred to an Ownership Entity by the Receiver (which will include each Potentially Defectively Foreclosed Receiver Acquired Property, except where the context provides otherwise); and (c) any other Collateral, the title to which has been acquired by or on behalf of the Receiver or the Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or pursuant to the Uniform Commercial Code or otherwise, if the foreclosure or other acquisition event occurs after the Cut-Off Date, or occurred on or before the Cut-Off Date but the Redemption Period had not expired on or before the Cut-Off Date, and the equity interests in any Ownership Entity (or other special purpose entity formed by or on behalf of the Receiver or the Failed Bank) holding any such Collateral.
Examples of Receiver Acquired Property in a sentence
Pursuant to the provisions of Section 3.1 hereof, the Transferor may require the Company to prepare and furnish Receiver’s Deeds, Omnibus Property Assignments, Receiver’s Quitclaim Deeds and other applicable Transfer Documents, for the Transferor’s approval, to convey the Receiver Acquired Property to an Ownership Entity.
More Definitions of Receiver Acquired Property
Receiver Acquired Property means (i) the equity interests in any Ownership Entity (or other special purpose entity holding applicable real and/or personal property) set forth on the Asset Schedule, (ii) Collateral title to which has been acquired by or on behalf of the Receiver or the Failed Bank by foreclosure, by deed in lieu of foreclosure, by power of sale or pursuant to the Uniform Commercial Code or otherwise, if the foreclosure or other acquisition event occurs after the Cut-Off Date, or occurred on or before the Cut-Off Date but the Redemption Period had not expired on or before the Cut-Off Date, and the equity interests in any Ownership Entity (or other special purpose entity formed by or on behalf of the Receiver or the Failed Bank) holding any such Collateral, and (iii) the assets held directly or indirectly by any such Ownership Entity (or other entity) included in the foregoing items (i) and (ii).