Advance Receivables definition

Advance Receivables. As defined in the Recitals. Aggregate Receivables: (i) All Initial Receivables under a Designated Servicing Agreement sold and/or contributed by Nationstar to the Depositor under the Original Receivables Sale Agreement, (ii) any Nationstar Additional Advance Receivables acquired by Advance Purchaser from Nationstar prior to the related MSR Transfer Date, (iii) any Deferred Servicing Fee Receivables arising under a Designated Servicing Agreement from and after the Effective Date and (iv) any Advance Receivables arising under each Designated Servicing Agreement from and after the related MSR Transfer Date.

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Advance Receivables. As defined in the Recitals. Aggregate Receivables: (i) All Initial Receivables under a Designated Servicing Agreement sold and/or contributed by the Depositor to the Issuer under the Original Receivables Pooling Agreement and (ii) all Additional Receivables sold and/or contributed by the Depositor to the Issuer hereunder.

Advance Receivables. As defined in the Recitals. Aggregate Receivables: All Nationstar Initial Receivables and all Additional Receivables sold and/or contributed by the Depositor to the Issuer hereunder.

Examples of Advance Receivables in a sentence

Seller has not previously assigned, transferred or encumbered the Servicing Advance Receivables other than pursuant to the Agreement, this Sale Supplement and the Servicing Advance Financing Agreements.
The sale and delivery to Purchaser of the Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable title to the Servicing Advance Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing Advance Financing Agreements).
If a Cease Pre-Funding Notice has been delivered, then no P&I Advance Receivables may be funded until all the related P&I Advances have been disbursed and the Receivables Seller shall have delivered a written certification to such effect to the Indenture Trustee with respect to all related Advances.
The parties acknowledge and agree that any termination of Seller as servicer with respect to a Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason, other than as a result of a failure by Holdings to purchase Servicing Advance Receivables pursuant to Section 3.1, shall be deemed to be the result of a breach by Seller of its obligations under this Sale Supplement and the Agreement.
The sale and delivery to Holdings of the Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Holdings good and marketable title to the Servicing Advance Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing Advance Financing Agreements).
The parties acknowledge and agree that any termination of Seller as servicer with respect to a Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason, other than as a result of a failure by Purchaser to purchase Servicing Advance Receivables pursuant to Section 3.3, shall be deemed to be the result of a breach by Seller of its obligations under this Sale Supplement and the Agreement.
Seller has not previously assigned, transferred or encumbered the Servicing Advance Receivables or DSF other than pursuant to the Agreement, this Sale Supplement and the Servicing Advance Financing Agreements.
Purchaser and Seller agree to deliver the reports and other information specified on Schedule VI hereto at the times described on Schedule VI hereto in connection with origination of the Servicing Advance Receivables and the payment of the Servicing Advance Receivables Purchase Price on the related Servicing Advance Payment Dates.
Seller and Purchaser each acknowledges and agrees that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance Financing Agreements pursuant to which Purchaser has transferred Servicing Advance Receivables and DSF arising under a Deferred Servicing Agreement is an express third party beneficiary of this Sale Supplement and the Agreement solely with respect to the Deferred Servicing Agreements related to such Servicing Advance Financing Agreement.
Each Servicing Agreement has been approved under a Servicing Advance Financing Agreement and, as of the date hereof, the eligibility of the related Servicing Advance Receivables, DSF and related eligibility categorization of the Servicing Advance Receivables as set forth on Schedule 1 of each of the Indentures referenced in the definition of “Servicing Advance Financing Agreement” is true and correct.

More Definitions of Advance Receivables

Advance Receivables means any and all Receivables that are not Ineligible Receivables.

Advance Receivables. With respect to each Mortgage Loan, the related contract rights under the related Third Party Servicing Agreements to be reimbursed for Advances made by the Seller as servicer thereunder (to the extent not previously reimbursed for such Advances), including, without limitation, any Unrecovered Advances.

Advance Receivables. As defined in the Recitals.

Advance Receivables. As defined in the Recitals. Aggregate Receivables: (i) Any OLS Initial Receivables and any OLS Additional Receivables sold by OLS, as initial receivables seller, to HLSS hereunder prior to the related MSR Transfer Date, (ii) any Deferred Servicing Fee Receivable arising under a Designated Servicing Agreement and (iii) any Advance Receivables (other than any Existing Receivables) arising under each Designated Servicing Agreement from and after the related MSR Transfer Date.

Advance Receivables. With respect to each Mortgage Loan, the related contract rights under the related Securitization Agreements to be reimbursed for Advances made by the Seller as servicer thereunder (to the extent not previously reimbursed for such Advances), the aggregate amounts of which with respect to each Pool shall be as set forth on Exhibit 13 attached hereto and are subject to adjustment as of the Closing Date. Exhibit 13 shall be furnished to the Purchaser by the Seller as a preliminary schedule not fewer than five (5) Business Days prior to the Closing Date. The Exhibit 13 schedule furnished on the Closing Date shall reflect the application of all Borrower payments received in the Collection Account and any related lock-box accounts prior to the Closing Date.