Transfer of the Property means any transfer of Borrower's interest in the Property by foreclosure, trustee's sale or other action or proceeding for the enforcement of the Deed of Trust or by deed in lieu thereof. The term "Purchaser", as used herein, means any transferee, including Bank, of the interest of Borrower as a result of any such Transfer of the Property and also includes any and all successors and assigns, including Bank, of such transferee.
Transfer of the Property means any transfer of Borrower’s interest in the Property by foreclosure, trustee’s sale or other action or proceeding for the enforcement of the Deed of Trust or by deed in lieu thereof; (ii) the term “Purchaser” means any transferee, including (if applicable) any Lender Purchaser (as defined below) of the interest of Borrower as a result of any such Transfer of the Property and also includes any and all successors and assigns of such transferee; and (iii) the term “Lender Purchaser” means (as applicable), Agent, any Lender or Lenders, or any affiliate or designee of any of them, that becomes a Purchaser.
Transfer of the Property means either a Foreclosure Transfer or a Post-Foreclosure Transfer.
Examples of Transfer of the Property in a sentence
As used herein, the term "Transfer of the Property" means any transfer of Xxxxxxxx's interest in the Property by foreclosure, trustee's sale or other action or proceeding for the enforcement of the Deed of Trust or by deed in lieu thereof.
The term "Purchaser", as used herein, means any transferee, including Lender, of the interest of Borrower as a result of any such Transfer of the Property and also includes any and all successors and assigns, including Lender, of such transferee.
More Definitions of Transfer of the Property
Transfer of the Property means any transfer of Thermo’s interest in the Property, including, but not limited to, Thermo’s right, title and interest under the Mineral Leases, by foreclosure, trustee’s sale or other action or proceeding for the enforcement of the Security Interest or by deed or assignment in lieu thereof. The term “Purchaser,” as used herein, means any transferee, including the Secured Party, of the interest of Thermo as a result of any such Transfer of the Property and also includes any and all successors and assigns, including the Secured Party, of such transferee. The term “Property” herein means all of Thermo’s right, title and interest under the Mineral Leases.