Administrative Advance definition

Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.
Administrative Advance shall have the meaning assigned to the term “Administrative Advance” in the Servicing Agreement or such other analogous term used in the Servicing Agreement.
Administrative Advance shall have, from and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Servicing Agreement.

Examples of Administrative Advance in a sentence

  • The cost of obtaining any such Appraisal (or updated Appraisal) shall be paid by the Servicer as a Property Protection Advance or an Administrative Advance unless it would constitute a Nonrecoverable Advance and, in such case, as an expense of the Trust.

  • The cost of all additional inspections performed by the Servicer and all inspections, including any annual inspection, performed by the Special Servicer, shall be paid by the Servicer as a Property Protection Advance or an Administrative Advance unless it would constitute a Nonrecoverable Advance (and, in such case, as an expense of the Trust).


More Definitions of Administrative Advance

Administrative Advance shall have, from and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Servicing Agreement. Co-Lender Agreement (Two Independence Square)
Administrative Advance as that term is defined in Section 3.4(i) of the Asset Purchase Agreement.
Administrative Advance shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement. Co-Lender Agreement (Xxxxxx Commons – 000 Xxxxx Xxxxxx)

Related to Administrative Advance