Corporate Advances means the payment of appraisal fees, broker opinion fees, attorney fees and associated legal fees, foreclosure fees, trustee fees, property inspection fees, property preservation and operating cost fees, tax penalties, premiums for title insurance policies, lien search fees or any other cost that can be directly associated with the collection and servicing of a Loan.
Corporate Advances means Servicing Advances made in connection with the foreclosure or servicing of an Underlying Mortgage Loan or Underlying REO Property, other than, for the avoidance of doubt, Servicing Advances made on account of delinquent principal and interest payments.
Corporate Advances means all customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Company or any subservicer of its servicing obligations with respect to the preservation, restoration and protection of the mortgaged property.
Examples of Corporate Advances in a sentence
Please see Section II E below, "Corporate Advances", for more information on permitted corporate advances.In addition, the Audit Committee of the Board of Directors will review and approve all related-party transactions involving officers and other key employees.
Bank will credit Corporate Advances to Borrower’s deposit account.
Bank may make Corporate Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Corporate Advances are necessary to meet Obligations which have become due.
Schedule B to that agreement contains a list of the mortgage loans giving rise to the Corporate Advances Bulk Claims.8 The Parties continued their negotiations after Ditech Financial commenced its chapter 11 case.
During his tenure at SBI, he headed Large Corporate Advances wing with the responsibility of business growth and credit administration in respect of large corporate accounts.
More Definitions of Corporate Advances
Corporate Advances means Revolving Advances to be used for general corporate purposes not related to the Acquisition of operating insurance companies by Borrower.
Corporate Advances. With respect to the servicing of a Mortgage Loan, advances related to a delinquent Mortgage Loan made in accordance with the related Servicing Agreement applicable to such Mortgage Loan and reimbursable in accordance with such Servicing Agreement, including but not limited to attorney fees and costs, property preservation, property inspection, and valuation fees, as well as other default related expenses (other than P & I Advances and T & I Advances).
Corporate Advances. Advances related to a delinquent Mortgage Loan expended by Seller in accordance with the Servicing Agreement (other than P & I Advances and T & I Advances), including attorney fees and costs, property preservation, property inspection, and valuation fees, as well as other default related expenses. Credit and Servicing File: Those documents, which may be originals, copies or electronically imaged, pertaining to each Mortgage Loan, which are delivered to the Purchaser in connection with the servicing of the Mortgage Loan, which will include originals or copies of the Mortgage Loan Documents, all credit and servicing related documentation relating to the origination and servicing of such Mortgage Loan necessary to service the Mortgage Loan in accordance with the Applicable Requirements.
Corporate Advances means, as of any date, with respect to any given Loan, those funds that have been advanced by (or on behalf of) the Seller (but have not been reimbursed to the Seller) in connection with the servicing of such Loan, such as principal, interest, ground rents, taxes, insurance premiums, assessments, foreclosure and bankruptcy expenses, inspection fees and other such expenses which are (i) valid receivables, (ii) properly documented to be contractually recoverable from the Mortgagor, (iii) properly collectible under Law, and (iv) accounted for in accordance with generally accepted accounting principles.
Corporate Advances means amounts actually paid (or in the case of interest advances, deferred) by Seller with respect to a Mortgage Loan for purposes of servicing, collecting and/or preserving the Mortgage and the Mortgage Balance, including, but not limited to, any and all expenses paid to third parties, interest advances, taxes, insurance, maintenance fees and any other similar fees and expenses, all as more scheduled on Exhibit D.
Corporate Advances has the meaning set forth in Section 2.1.5 (a).
Corporate Advances means any and all monies advanced or incurred by Seller from its own funds for the payment of property insurance, taxes, property preservation, property maintenance, attorneys' fees and disbursements, advances to senior lienholders and principal and interest advances for remittances on schedule/schedule or schedule/actual Mortgage Loan remittances to the extent not offset by funds in applicable custodial accounts.