Common use of Recoverable Advances Clause in Contracts

Recoverable Advances. The Master Servicer shall be required to make the following advances with respect to Mortgage Loans to the extent the Master Servicer determines, in good faith, that an advance made hereunder is recoverable from Insurance Proceeds, Liquidation Proceeds or subsequent payments by the Borrower of the related Mortgage Loans. In the event the Master Servicer determines that all, or a portion, of any advance required by this Section 5.01 is not so recoverable, the Master Servicer shall promptly deliver to the Trustee and to FMSC an Officer’s Certificate setting forth the reasons for such determination.

Recoverable Advances. The Master Servicer shall be required to make the following advances with respect to Mortgage Loans to the extent the Master Servicer determines, in good faith, that an advance made hereunder is recoverable from Insurance Proceeds, Liquidation Proceeds or subsequent payments by the Borrower of the related Mortgage Loans. In the event the Master Servicer determines that all, or a portion, of any advance required by this Section 5.01 is not so recoverable, the Master Servicer shall promptly deliver to the Trustee and to FMSC an Officer’s 's Certificate setting forth the reasons for such determination.

Recoverable Advances. The Master Servicer shall be required to make the following advances with respect to Mortgage Loans to the extent the Master Servicer determines, in good faith, that an advance made hereunder is recoverable from Insurance Proceeds, Liquidation Proceeds or subsequent payments by the Borrower of the related Mortgage Loans. In the event the Master Servicer determines that all, or a portion, of any advance required by this Section 5.01 is not so recoverable, the Master Servicer shall promptly deliver to the Trustee and to FMSC SRMSC an Officer’s 's Certificate setting forth the reasons for such determination.

Recoverable Advances. The Master Servicer shall be required to make the following advances with respect to Mortgage Loans to the extent the Master Servicer determines, in good faith, that an advance made hereunder is recoverable from Insurance Proceeds, Liquidation Proceeds or subsequent payments by the Borrower of the related Mortgage Loans. In the event the Master Servicer determines that all, or a portion, of any advance required by this Section 5.01 is not so recoverable, the Master Servicer shall promptly deliver to the Trustee and to FMSC NMSC an Officer’s 's Certificate setting forth the reasons for such determination.