Administrative Advances definition

Administrative Advances. As defined in Section 3.23(b).

Administrative Advances shall have the meaning set forth in the Lead Securitization Servicing Agreement.

Examples of Administrative Advances in a sentence

• The Servicer or the Trustee, as applicable, shall not be responsible for advancing Monthly Payment Advances or Administrative Advances with respect to the Companion Loans.

• Parent and Borrowers have certain other arrangements that may be classified under Permitted Administrative Advances and Permitted Other Distributions pursuant to which goods and services are exchanged between Parent and Borrowers, and certain other intercompany arrangements.

• The Servicer or the Trustee, as applicable, shall not be responsible for advancing Monthly Payment Advances or Administrative Advances with respect to the Companion Loan.