No Advancing Clause Samples

No Advancing. Under no circumstance shall the Primary Servicer make or have an obligation to make any Advances.

No Advancing. Under no circumstance shall the Subservicer make or have an obligation to make any Advances. The Subservicer will promptly notify the Capmark Master Servicer in accordance with the Task Description if the Subservicer believes that a Servicing Advance is or will be required to be made with respect to any Mortgage Loan.

No Advancing. Section 5.6

No Advancing. (a) The Primary Servicer shall neither make, nor have an obligation to make, any Advances with respect to any Mortgage Loan, except for advances required to be made by the Primary Servicer pursuant to Section 5.7(b). (b) Not later than each Primary Servicer Remittance Date, the Primary Servicer shall advance from its own funds the full amount of each Scheduled Payment (net of an amount equal to the Primary Servicer Fee that would be payable from the Scheduled Payment upon its receipt) for each Post Determination Date Mortgage Loan to the extent such Scheduled Payment is due (without regard to grace periods) in the month in which such Primary Service Remittance Date occurs is not received by the Primary Servicer Remittance Date; provided, however, that the Primary Servicer shall not be required to make such Primary Servicer P&I Advance as to any Post Determination Date Mortgage Loan the Mortgagor under which has theretofore notified the Primary Servicer in writing (and the Primary Servicer has delivered a copy thereof to the Master Servicer by facsimile transmission) to the effect that such Mortgagor will not make the Scheduled Payment for which such Primary Servicer P&I Advance would otherwise be required. Each such Primary Servicer P&I Advance shall be made by deposit to the Primary Servicer's Collection Account established under Section 2.1(c)(i). As to each such Post Determination Date Mortgage Loan for which the Primary Servicer has made such a Primary Servicer P&I Advance: (i) if and to the extent that the related Mortgagor makes the related Scheduled Payment on or before the expiration of the Due Date and grace period, the Primary Servicer shall, upon such payment, reimburse itself in the amount so paid by withdrawal from the Primary Servicer's Collection Account as provided in Section 2.1(c)(iv) of this Primary Servicing Agreement and shall simultaneously notify the Master Servicer of such reimbursement and (ii) the Master Servicer shall, not later than one Business Day after the expiration of the Due Date plus grace period, reimburse the Primary Servicer in the full amount of the Primary Servicer P&I Advance made by the Primary Servicer in respect of such Mortgage Loan in that month pursuant to the first sentence of this subsection (b), except to the extent that the Primary Servicer has reimbursed itself therefor and notified the Master Servicer pursuant to the preceding clause (i). Notwithstanding any provision of the foregoing to the contrary, wi...

No Advancing. 20 Section 5.6