Recovery of Advances. The Master 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 paid 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 3 contracts
Samples: Pooling and Servicing Agreement (Union Planters Mortgage Finance Corp), Pooling and Servicing Agreement (Union Planters Mortgage Finance Corp), Pooling and Servicing Agreement (Union Planters Home Equity Corp)
Recovery of Advances. The Master 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 paid in respect of such Asset ("βRelated Proceeds"β) 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 1 contract
Samples: Pooling and Servicing Agreement (Residential Resources Inc)
