Advance Reimbursement Rights definition

Advance Reimbursement Rights. As defined in Section 3.20.
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Advance Reimbursement Rights means each and every right of the Servicer to be reimbursed for the Advances made by, or on behalf of, the Servicer related to the applicable Servicing Contract, whether now existing or hereafter arising.
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Examples of Advance Reimbursement Rights in a sentence

  • Delinquency Advance Reimbursement Rights The right to payment of the Supplemental Servicing Fee and the right to reimbursement for Supplemental Delinquency Advances shall be evidenced by a negotiable certificate (a "Supplemental Servicing Certificate") in the form attached hereto as Exhibit III if the owner of the Supplemental Delinquency Advances so requests of the Trustee in writing.

  • Upon request of the Servicer, the Trustee agrees to execute such acknowledgments, certificates, and other documents recognizing the interests of any Advance Facility Counterparty in such Advance Reimbursement Rights as the Servicer may cause to be made subject to Advance Facilities pursuant to this Section 3.22.

  • The Repo Seller shall provide written notice to the Buyer of any changes in any Servicing Contract that may materially affect the Advance Reimbursement Rights within two (2) Business Days after the Repo Seller or the Servicer receives notice thereof.

  • The Repo Seller shall fail to comply in any material respect with the deposit and remittance requirements set forth in the related Servicing Contract, the applicable Agency Guide and any and all instruments, agreements, invoices or other writings which give rise to or otherwise evidence any of the Advance Reimbursement Rights (subject to any cure period provided therein).

  • Administrative Agent, the Buyer and the Repo Seller desire to enter into this Agreement to allow for financing of the Participation Interests in certain Advance Reimbursement Rights relating to Delinquency Advances, Escrow Advances and Corporate Advances, which Participation Interests are represented by the Participation Certificates.

  • Except as contemplated herein, the Repo Seller shall not (a) pledge, transfer or convey any security interest in the Dedicated Accounts to any Person without the express written consent of the Buyer or (b) pledge, grant a security interest or assign any existing or future(x) Advance Reimbursement Rights, (y) rights to any of the Repurchase Assets or (z) Advance Reimbursement Amounts, or pledge or grant to any other Person any security interest in any Assets.

  • Except as contemplated herein, the Repo Seller shall not (a) pledge, transfer or convey any security interest in the Dedicated Accounts to any Person without the express written consent of the Buyer or (b) pledge, grant a security interest or assign any existing or future (x) Advance Reimbursement Rights, (y) rights to any of the Repurchase Assets or (z) Advance Reimbursement Amounts, or pledge or grant to any other Person any security interest in any Assets.

  • Advance Reimbursement Rights: As defined in the LD Participation Agreement.

  • Advance Reimbursement Rights: As defined in the GMSR Participation Agreement.

  • For the avoidance of doubt, the Servicer’s Advance Reimbursement Rights under the applicable Agency Guide and/or the Freddie Mac Purchase Documents, as applicable, are, under all circumstances, Repurchase Assets and Assets under this Agreement.

Related to Advance Reimbursement Rights

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Cost-reimbursement contract means a contract under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms and the provisions of this code, and paid a fee, if any.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Reimbursement Amounts As defined in Section 3.22.

  • Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

  • Reimbursement Amount As defined in Section 2.04.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • Workout-Delayed Reimbursement Amount has the meaning set forth in subsection (II)(i) of Section 5.2(a).

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Borrower Delayed Reimbursements Any Additional Trust Fund Expenses and reimbursements of Advances that the related Mortgagor is required, pursuant to a written modification agreement, to pay in the future to the Trust in its capacity as owner of the related Mortgage Loan.

  • Reimbursement Approval means an approval, agreement, determination, or other decision by the applicable Governmental Authority that establishes prices charged to end-users for pharmaceutical or biologic products at which a particular pharmaceutical or biologic product will be reimbursed by the Regulatory Authorities or other applicable Governmental Authorities in the Territory.

  • Pricing and Reimbursement Approval means, with respect to a Product, the approval, agreement, determination, or decision of any Governmental Authority establishing the list price or level of reimbursement for such Product, as required in a given country or jurisdiction prior to sale of such Product in such jurisdiction.

  • Reimbursement Date as defined in Section 2.4(d).

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • Reimbursement Rate shall have the meaning assigned to such term or the term “Advance Rate” or an analogous term in the Servicing Agreement.

  • Modification Fees With respect to any Serviced Loan, any and all fees collected from the related Mortgagor with respect to a modification, extension, waiver or amendment that modifies, extends, amends or waives any term of the Loan Documents (as evidenced by a signed writing) agreed to by the Master Servicer or the Special Servicer, other than (a) any Assumption Fees, Consent Fees or assumption application fees and (b) any fee in connection with a defeasance of such Serviced Loan.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;