Trustee Advance definition

Trustee Advance. Not applicable.
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Trustee Advance has the meaning assigned in Section 11.15.
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Trustee Advance has the meaning assigned in Section 11.16.
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Examples of Trustee Advance in a sentence

  • The Trustee shall also advance from its own funds and pay the appropriate persons the Trustee Advance, which amount represents interest which accrues on any "when, as and if issued" Bonds deposited in a Trust from the First Settlement Date to the respective dates of delivery to the Trust of any of such Bonds.

  • If the Servicer fails to deposit into the Certificate Account Advances as required by Section 8.02, then the Trustee shall, subject to the provisions of paragraph (b) below, from its own funds, deposit into the Certificate Account the amount not so deposited by the Servicer on or before the Business Day preceding the related Payment Date (a "Trustee Advance").

  • The re quired doc um e n ts t o accompany the invest or’s appli - cation for invest ment completion and c o mmissioni ng control and certifica tion shal l be det e r m ine d by decis i on of t h e Minis t er of E c onom y and F i nance.

  • You have made arrangement for the management of your affairs, either personal and/or financial, as follows: Manage own affairs Durable Financial Power of Attorney Health Care Power of Attorney Representative Payee Guardian Conservator Trustee Advance Directive/Living will Other You agree to supply copies of all relevant information about those individuals who are responsible for your affairs as they relate to your care under this contract.

  • The Trustee shall be entitled to reimbursement of a Trustee Advance from funds subsequently available therefor in the Certificate Account in accordance with Section 8.04(b).

  • The Trustee shall not be required to make any Trustee Advance if and to the extent that it determines in good faith that the funds, if advanced, would not be recoverable by it from subsequent amounts available in the Certificate Account in accordance with Section 8.04(b).

  • If the Servicer fails to deposit into the Collection Account Advances as required by Section 5.13 of the Sale and Servicing Agreement, then the Trustee shall, subject to the provisions of paragraph (b) below, from its own funds, deposit into the Collection Account the amount not so deposited by the Servicer on or before the Business Day preceding the related Distribution Date (an "Trustee Advance").

  • The Trustee Advance shall be payable to the Trustee by the Administrator promptly after receipt by the Administrator of the Administrative Amount.

  • Subject only to the limitation set forth in Finding T, the Trustee acknowledges that the bankruptcy estates of the Debtors have benefitted and will continue to benefit from the actions of the Participating Sponsors, most clearly in connection with the payment of the Trustee Advance pursuant to the Global Protocol.

  • The Participating Sponsors, through the Administrator, shall have an allowed administrative expense claim pursuant to Section 503(b) of the Bankruptcy Code, for the amount of the Trustee Advance paid by them out of the Administrative Expense Account (“ Sponsor Al- lowed Administrative Claim”) with priority over all other administrative expense claims in CCD’s Chapter 7 case other than the allowed fees and expenses of the Trustee and his profes- sionals.


More Definitions of Trustee Advance

Trustee Advance. As defined in Section 3.05 hereof.
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Trustee Advance means the aggregate amount included in the Administra- tive Expense Budget on account of the fees and expenses of the Trustee and his professionals. GLOBAL RELEASETHIS RELEASE, dated , 2014, given, made and delivered by the Persons which have executed a counterpart hereof (collectively, the “Parties”) including the Participating Sponsors, the Service Providers, the Storage Facilities and the Trustee, W I T N E S S E T H: THAT, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties agree and do as follows:
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Trustee Advance shall have the meaning set forth in Section 3.7.
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Trustee Advance means the aggregate amount included in the
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Trustee Advance has the meaning assigned in Section 11.16. Unpaid Interest Shortfall" means, with respect to any Payment Date, the amount, if any, by which the Monthly Interest for the immediately preceding Payment Date exceeded the amount distributed to Certificateholders on such preceding Payment Date pursuant to Section 8.04(b), plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Pass- Through Rate, computed on the basis of a 360-day year of twelve 30-day months.
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Related to Trustee Advance

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Eligible advance means an advance made before August 19, 1993.

  • Non-Recoverable Advance Any portion of an Advance previously made or proposed to be made by the Servicer that, in the good faith judgment of the Servicer, will not or, in the case of a current delinquency, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.