Common use of Advances by the Master Servicer Clause in Contracts

Advances by the Master Servicer. (a) The Master Servicer to the extent it determines that such Advance would be recoverable from subsequent Collections may deposit into the applicable Series Concentration Principal Subaccounts monies in an Approved Currency in an amount equal to any projected liquidity shortfall as determined by the Master Servicer. The Master Servicer shall set forth in the Daily Report and the Monthly Settlement Report the amount of all Servicer Advances made by the Master Servicer during the related reporting period.

Appears in 3 contracts

Samples: Servicing Agreement (Huntsman International LLC), Servicing Agreement (Huntsman Ici Holdings LLC), Servicing Agreement (Huntsman Ici Chemicals LLC)

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Advances by the Master Servicer. (a) The Master Servicer to the extent it determines that such Servicer Advance would be recoverable from subsequent Collections may deposit into the applicable Series Principal Concentration Subaccount or applicable Series Non-Principal Subaccounts Concentration Subaccount monies in an Approved Currency in an amount equal to any projected liquidity shortfall as determined by the Master Servicer. The Master Servicer shall set forth in the Daily Report and the Monthly Settlement Report the amount of all Servicer Advances made by the Master Servicer during the related reporting period.

Appears in 1 contract

Samples: Servicing Agreement (Huntsman International LLC)

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Advances by the Master Servicer. (a) The Master Servicer to the extent it determines that such Servicer Advance would be recoverable from subsequent Collections may deposit into the applicable Series Collection Account or the Company Concentration Principal Subaccounts monies in an Approved Currency Account, if any, available funds in an amount equal to any projected liquidity shortfall as determined by the Master Servicer. The Master Servicer shall set forth in the Daily Report applicable Weekly Report, if any, and the applicable Monthly Settlement Report the amount of all Servicer Advances made by the Master Servicer during the related reporting period.

Appears in 1 contract

Samples: Servicing Agreement and Transaction Documents and Waiver (Huntsman International LLC)

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