Recovery of Advances. The Servicer shall be entitled to reimbursement for any Advances made by it in respect of any Asset out of late collections from the related Obligor or from Insurance Proceeds, Liquidation Proceeds or a Repurchase Price recovered by it in respect of such Asset ("Related Proceeds") and shall be entitled to reimburse itself for unreimbursed Advances made that have become Non-Recoverable Advances in accordance with Section 3.07(a)(1) below.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp), Pooling and Servicing Agreement (Deutsche Financial Capital Securitization LLC)
Recovery of Advances. The Servicer shall be entitled to reimbursement for any Advances made by it in respect of any Asset out of subsequent collections in respect of the Assets, including late collections from the related Obligor or from Insurance Proceeds, Liquidation Proceeds or a Repurchase Price recovered by it in respect of such Asset ("Related Proceeds") and shall be entitled to reimburse itself for unreimbursed Advances made that have become Non-Recoverable Advances in accordance with Section 3.07(a)(1) below.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)
Recovery of Advances. The Servicer shall be entitled to reimbursement for any Advances made by it in respect of any Asset out of late collections from the related Obligor or from Insurance Proceeds, Liquidation Proceeds or a Repurchase Price recovered by it in respect of such Asset ("Related Proceeds") and shall be entitled to reimburse itself for unreimbursed Advances made that have become Non-Recoverable Advances in accordance with Section 3.07(a)(1) below.. (d)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Financial Capital Securitization LLC)
Recovery of Advances. The Servicer shall be entitled to reimbursement for any Advances made by it in respect of any Asset out of late collections from the related Obligor or from Insurance Proceeds, Liquidation Proceeds or a Repurchase Price recovered by it in respect of such Asset ("Related Proceeds") and shall be entitled to reimburse itself for unreimbursed Advances made that have become Non-Recoverable Advances in accordance with Section 3.07(a)(1) below.such
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp)
