REO Assets definition
Examples of REO Assets in a sentence
Purpose: The purpose of these standards is to serve as a guideline for valuations, reporting and overall management of Owner REO Assets.
Purpose: The purpose of these standards is to serve as a guideline for valuations, reporting and overall management of Goldman REO Assets.
Notwithstanding the foregoing, this Section 5.12(a) shall not (i) apply to any Excluded Collateral or (ii) require any Credit Party to grant a Mortgage in (x) any Leasehold, (y) any owned Real Property the book value of which is less than $5,000,000 or (z) any REO Assets.
The Seller will not (i) engage in any business other than the transactions contemplated by the Transaction Documents, (ii) incur any Indebtedness, obligation, liability or contingent obligation of any kind other than pursuant to this Agreement, or (iii) form any Subsidiary (other than a Subsidiary that solely owns and operates REO Assets) or make any Investments in any other Person.
No Assignor owns Real Property (other than REO Assets) with a book value equal to or greater than $5,000,000 as of the Issue Date.
All Real Property (other than REO Assets) owned by a Credit Party as of the Closing Date, with a book value as of September 30, 2017 of at least $5,000,000, is set forth on Schedule 3.12.
No Credit Party owns any Real Property (other than REO Assets and Capitalized Lease Obligations) with a book value as of June 30, 2018 of at least $1,000,000.
All Real Property (other than REO Assets) owned by a Credit Party as of the Closing Date, with a book value as of September 30, 2013 of at least $5,000,000, is set forth on Schedule 3.12.
All Real Property (other than REO Assets) owned by a Credit Party as of the Closing Date, with a book value as of September 31, 2012 of at least $2,500,000, is set forth on Schedule 3.12.
As of the Closing Date, no Credit Party owns any Real Property (other than REO Assets) with a book value as of September 30, 2016 of at least $1,000,000.