DISTRIBUTIONS AND SERVICING ADVANCES Sample Clauses

DISTRIBUTIONS AND SERVICING ADVANCES. Section 4.01
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DISTRIBUTIONS AND SERVICING ADVANCES. Section 4.01 Advances......................................................... Section 4.02
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DISTRIBUTIONS AND SERVICING ADVANCES. Section 4.01 Advances.................................................... Section 4.02 Priorities of Distribution on the Certificates.............. Section 4.03
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DISTRIBUTIONS AND SERVICING ADVANCES. Section 4.01 Priorities of Distribution. Section 4.02 Allocation of Realized Losses. 81 Section 4.03 Distribution Date Statements to Certificateholders.
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DISTRIBUTIONS AND SERVICING ADVANCES. Section 4.01 Advances...................................................... Section 4.02 Priorities of Distribution on the Certificates................ Section 4.03 Allocation of Applied Realized Loss Amounts to the Certificates.................................................. Section 4.04 Distribution Date Statements to Certificateholders............ Section 4.05
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DISTRIBUTIONS AND SERVICING ADVANCES. Section 4.01 Advances 90 Section 4.02 Priorities of Distribution 90 Section 4.03 Allocation of Realized Losses 102 Section 4.04 Distribution Date Statements to Certificateholders 104 Section 4.05 Determination of LIBOR 106 Section 4.06 Principal Distributions on the Special Retail Certificates 107 Section 4.07 Policy Matters 111 ARTICLE V THE CERTIFICATES Section 5.01 The Certificates 113 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates 114 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates 118 Section 5.04 Persons Deemed Owners 118 Section 5.05 Access to List of Certificateholders’ Names and Addresses 119 Section 5.06 Maintenance of Office or Agency 119
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DISTRIBUTIONS AND SERVICING ADVANCES. Section 4.01 Advances Section 4.02 Priorities of Distribution on the Certificates Section 4.03 Allocation of Realized Losses Section 4.04 Distribution Date Statements to Certificateholders ARTICLE V THE CERTIFICATES
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DISTRIBUTIONS AND SERVICING ADVANCES. Section 4.01 Advances. Section 4.02 Priorities of Distribution. Section 4.03 Allocation of Realized Losses. 86 Section 4.04 Distribution Date Statements to Certificateholders. Section 4.05 Determination of LIBOR. 91
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DISTRIBUTIONS AND SERVICING ADVANCES 
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Related to DISTRIBUTIONS AND SERVICING ADVANCES

  • Servicing Advances The Master Servicer and, if the Master Servicer does not, the Trustee to the extent the Trustee receives written notice from the Certificate Administrator that such Advance has not been made by the Master Servicer, shall make Servicing Advances to the extent provided in this Agreement, except to the extent that the Master Servicer or the Trustee as applicable, determines in accordance with Section 4.4 below, that any such Advance would be a Nonrecoverable Advance and, subject to the last sentence of this paragraph, except to the extent the Special Servicer determines in accordance with the Servicing Standard and Section 4.4 that such Advance, if made, would be a Nonrecoverable Advance, in which event the Special Servicer shall promptly direct the Master Servicer not to make such Advance; provided that the Special Servicer has no obligation to make such determination. Such determination by the Master Servicer or the Special Servicer shall be conclusive and binding on the Trustee and the Certificateholders and, in the case of any B Note, the holder of the related B Note and, in the case of any Serviced Pari Passu Mortgage Loan, the holder of the related Serviced Companion Loan. The Special Servicer shall not be required to make Servicing Advances under this Agreement but may make such Servicing Advances (on an emergency basis) at its option in which event the Master Servicer shall reimburse the Special Servicer for such Servicing Advance (together with Advance Interest) promptly (but no later than five (5) days) following receipt of a statement therefor. Promptly after discovering that the Master Servicer has failed to make a Servicing Advance that the Master Servicer is required to make hereunder, the Certificate Administrator shall promptly notify the Trustee (if the Certificate Administrator is not also the Trustee) in writing of the failure by the Master Servicer to make such Servicing Advance. The Master Servicer may make Servicing Advances in its own discretion if it determines that making such Servicing Advance is in the best interest of the Certificateholders, as a collective whole (and, in the case of any A/B Whole Loan, in the best interest of the holder of the related B Note and the Trust as a collective whole and, in the case of any Loan Pair, in the best interest of the holder of the related Serviced Companion Loan and the Trust as a collective whole), even if the Master Servicer or the Special Servicer has determined, in accordance with Section 4.4 below, that any such Advance would be a Nonrecoverable Advance. The applicable Non-Serviced Mortgage Loan Master Servicer is obligated to make Servicing Advances pursuant to the related Non-Serviced Mortgage Loan Pooling and Servicing Agreement with respect to any Non-Serviced Mortgage Loan, and the Master Servicer shall have no obligation or authority to make Servicing Advances with respect to such Mortgage Loan.

  • Monthly Advances ARTICLE IX

  • Distributions and Advances by the Master Servicer 65 SECTION 4.1 Advances..........................................................................................65 SECTION 4.2 Priorities of Distribution........................................................................65

  • Monthly Advances by Servicer On the Business Day immediately preceding each Remittance Date, the Servicer shall deposit in the Custodial Account from its own funds or from amounts held for future distribution, or both, an amount equal to all Monthly Payments (in the case of Simple Interest Mortgage Loans, solely the portion of the Monthly Payment attributable to interest) which were due on the Mortgage Loans during the applicable Due Period and which were Delinquent at the close of business on the immediately preceding Determination Date. Any amounts held for future distribution and so used shall be replaced by the Servicer by deposit in the Custodial Account on or before any future Remittance Date if funds in the Custodial Account on such Remittance Date shall be less than remittances to the Master Servicer required to be made on such Remittance Date. The Servicer shall keep appropriate records of such amounts and will provide such records to the Master Servicer and the NIMS Insurer upon request. No provision in this Agreement shall be construed as limiting the Servicer’s right to (i) pass through late collections on the related Mortgage Loans in lieu of making Monthly Advances or (ii) reimburse itself for such Monthly Advances from late collections on the related Mortgage Loans. The Servicer’s obligation to make such Monthly Advances as to any Mortgage Loan will continue through the last Monthly Payment due prior to the payment in full of the Mortgage Loan, or through the last Remittance Date prior to the Remittance Date for the distribution of all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and Condemnation Proceeds) with respect to the related Mortgage Loan unless the Servicer deems such Monthly Advance to be non-recoverable, as evidenced by an Officer’s Certificate of the Servicer delivered to the Master Servicer.

  • Servicer Advances For each Settlement Period, if the Servicer determines that any Scheduled Payment (or portion thereof) that was due and payable pursuant to a Loan included in the Collateral during such Settlement Period was not received prior to the end of such Settlement Period, the Servicer may, but shall not be obligated to, make an advance in an amount up to the amount of such delinquent Scheduled Payment (or portion thereof) to the extent that the Servicer reasonably expects to be reimbursed for such advance; in addition, if on any day there are not sufficient funds on deposit in the Collection Account to pay accrued Interest on any Advance the Settlement Period of which ends on such day, the Servicer may make an advance in the amount necessary to pay such Interest (in either case, any such advance, a “Servicer Advance”). Notwithstanding the preceding sentence, any Successor Servicer will not be obligated to make any Servicer Advances. The Servicer will deposit any Servicer Advances into the Collection Account on or prior to 11:00 a.m. (New York City time) on the related Payment Date, in immediately available funds.

  • DISTRIBUTIONS AND ADVANCES Section 5.01

  • Administration and Servicing of Loans Section 3.1 Servicer to Act as Servicer; Administration of the Loans..............................45 Section 3.2 Collection of Certain Loan Payments; Custodial Account for P&I........................48 Section 3.3 Permitted Withdrawals from the Custodial Account for P&I..............................50 Section 3.4 Taxes, Assessments and Similar Items; Escrow Accounts.................................51 Section 3.5 Maintenance of Insurance..............................................................52

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