Common use of Reimbursement of Interest Advances and Foreclosure Advances Clause in Contracts

Reimbursement of Interest Advances and Foreclosure Advances. (a) The Master Servicer shall be entitled to be reimbursed pursuant to Section 5.01(c) for previously unreimbursed Interest Advances made from its own funds or any such previously unreimbursed Interest Advance by the Servicer with respect to a Home Loan on Distribution Dates subsequent to the Distribution Date in respect of which such Interest Advance was made from Payments with respect to such Home Loan. If an Interest Advance shall become a Nonrecoverable Advance or if a Home Loan shall become a Defaulted Home Loan and the Master Servicer or Servicer shall not have been fully reimbursed for any such Interest Advances with respect to such Home Loan, the Master Servicer or Servicer, as applicable, shall be entitled to be reimbursed for the outstanding amount of such Interest Advances from unrelated Home Loans pursuant to Section 5.01(c)(i)(b). No interest shall be due to the Master Servicer in respect of any Interest Advance for any period prior to the reimbursement thereof.

Reimbursement of Interest Advances and Foreclosure Advances. (a) The Master Servicer shall be entitled to be reimbursed pursuant to Section 5.01(c) for previously unreimbursed Interest Advances made from its own funds or any such previously unreimbursed Interest Advance by the Servicer with respect to a Home Loan on Distribution Dates subsequent to the Distribution Date in respect of which such Interest Advance was made from Payments with respect to such Home Loan. If an Interest Advance shall become a Nonrecoverable Advance or if a Home Loan shall become a Defaulted Home Loan and the Master Servicer or Servicer shall not have been fully reimbursed for any such Interest Advances with respect to such Home Loan, the Master Servicer or Servicer, as applicable, shall be entitled to be reimbursed for the outstanding amount of such Interest Advances from unrelated Home Loans pursuant to Section 5.01(c)(i)(b5.01(c)(i)(c). No interest shall be due to the Master Servicer in respect of any Interest Advance for any period prior to the reimbursement thereof.

Reimbursement of Interest Advances and Foreclosure Advances. (a) The Master Servicer shall be entitled to be reimbursed pursuant to Section 5.01(c) for previously unreimbursed Interest Advances made from its own funds or any such previously unreimbursed Interest Advance by the Servicer with respect to a Home Loan on Distribution Dates subsequent to the Distribution Date in respect of which such Interest Advance was made from Payments with respect to such Home Loan. If an Interest Advance shall become a Nonrecoverable Advance or if a Home Loan shall become a Defaulted Home Loan and the Master Servicer or Servicer shall not have been fully reimbursed for any such Interest Advances with respect to such Home Loan, the Master Servicer or Servicer, as applicable, shall be entitled to be reimbursed for the outstanding amount of such Interest Advances from unrelated Home Loans pursuant to Section 5.01(c)(i)(b5.01(c). No interest shall be due to the Master Servicer in respect of any Interest Advance for any period prior to the reimbursement thereof.