Extraordinary Trust Fund Expense definition

Extraordinary Trust Fund Expense. Any amounts reimbursable to the Trustee, or any director, officer, employee or agent of the Trustee, from the Trust Fund pursuant to Section 8.05, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii) and any amounts payable by the Trustee for the recording of the assignments of mortgage pursuant to Section 2.01.
Extraordinary Trust Fund Expense. Any amounts reimbursable to the Master Servicer pursuant to Section 3A.03 or Section 6.03, to the Trustee pursuant to Section 3.06 or Section 7.02, to the Servicer, the Trustee or the Trust Administrator, or any director, officer, employee or agent of the Trustee or the Trust Administrator from the Trust Fund pursuant to Section 6.03, Section 8.05 or Section 10.01(c) and any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii).
Extraordinary Trust Fund Expense. Any amounts payable (other than fees) or reimbursable to the Securities Administrator, the Trustee, the Custodian or any director, officer, employee or agent of the Securities Administrator, the Trustee or the Custodian, from the Trust Fund pursuant to Sections 2.02, 2.03, 7.01(c), 8.05 or 8.15 herein, or Section 25 of the Custodial Agreement and any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts payable from the Distribution Account in respect of any REMIC administration pursuant to Section 10.01(c).

Examples of Extraordinary Trust Fund Expense in a sentence

  • Notwithstanding the foregoing, if the Master Servicer is unable to pay the cost of recording the Assignments, such expense shall be paid by the Trustee and shall be reimbursable to the Trustee as an Extraordinary Trust Fund Expense.

  • Notwithstanding the foregoing, if the Master Servicer is unable to pay the cost of recording the Assignments of Mortgage, such expense will be paid by the Trustee and shall be reimbursable to the Trustee as an Extraordinary Trust Fund Expense.

  • If the Responsible Party is unable to pay the cost of recording the Assignments, such expense will be paid by the Trustee and shall be reimbursable to the Trustee as an Extraordinary Trust Fund Expense.

  • As used herein, an allocation of a Realized Loss or Extraordinary Trust Fund Expense on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date.

  • Notwithstanding the foregoing, if the Master Servicer is unable to pay the cost of recording the Assignments of Mortgage, such expense shall be paid by the Trustee and shall be reimbursable to the Trustee as an Extraordinary Trust Fund Expense.


More Definitions of Extraordinary Trust Fund Expense

Extraordinary Trust Fund Expense. Any amounts reimbursable to the Trustee or the Delaware Trustee, or any director, officer, employee or agent of the Trustee or the Delaware Trustee, as applicable, from the Trust pursuant to Section 8.05, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts payable from the Distribution Account in respect of any REMIC pursuant to Section 10.01(c), any amounts payable from the Trust as a trustee fee for any successor trustee and any amounts payable by the Trustee for the recording of the assignments of mortgage pursuant to Section 2.01.
Extraordinary Trust Fund Expense. Any amounts reimbursable to the Trustee or the Trust Administrator, or any director, officer, employee or agent of the Trustee or the Trust Administrator, from the Trust Fund pursuant to Section 8.05, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts payable from the Distribution Account in respect of any REMIC pursuant to Section 10.01(c), any amounts payable from the Trust Fund as a trustee fee for any successor trustee and any amounts payable by the Trustee or the Trust Administrator for the recording of the assignments of mortgage pursuant to Section 2.01.
Extraordinary Trust Fund Expense. Any amounts payable from the Distribution Account in respect of taxes pursuant to Section 2.06, 2.12, 2.16, 2.19, or 2.22, any amounts payable from the Distribution Account in respect of any REMIC pursuant to Section 3.11, and any amounts payable from the Trust Fund as a trustee fee for any successor trustee calculated at a trustee fee rate in excess of the Trustee Fee Rate.
Extraordinary Trust Fund Expense. Any amounts reimbursable to the Trustee, or any director, officer, employee or agent of the Trustee, from the Trust Fund pursuant to Section 2.01, 2.02, 2.03 or 8.05(a), any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts payable from the Distribution Account in respect of any REMIC Administration pursuant to Section 10.01(c) and any amount payable to the Custodian pursuant to the Custodial Agreement (including, but not limited to, amounts owed the Custodian under Sections 10, 11 and 26 of the Custodial Agreement).
Extraordinary Trust Fund Expense. Any indemnification amounts reimbursable to the Trustee or the Trust Administrator or any director, officer, employee or agent of the Trustee or the Trust Administrator from the Trust Fund pursuant to Section 8.05, any amounts reimbursable to the Trustee or the Trust Administrator pursuant to Section 10.01(c), any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any indemnification amounts reimbursable to the Depositor or the Servicer pursuant to Section 6.03 and any costs of the Trust Administrator for the recording of the Assignments pursuant to Section 2.01 (to the extent the Originator fails to pay such costs).
Extraordinary Trust Fund Expense. Any amounts reimbursable to the Trustee or any director, officer, employee or agent of the Trustee from the Trust Fund pursuant to Section 8.05 or Section 10.01(c), any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any costs incurred by the Trustee endorsing any Mortgage Notes delivered in blank under Section 2.01 or recording the Assignments pursuant to Section 2.01 (to the extent the Responsible Parties are unable to pay such costs) and any amounts reimbursable to the Trustee, the Depositor or the Master Servicer, or any director, officer, employee or agent of the Depositor or the Master Servicer pursuant to Section 3.02, Section 3.06 or Section 6.03 and any other amounts payable or reimbursable from the Trust Fund as Extraordinary Trust Fund Expenses pursuant to the terms of this Agreement.
Extraordinary Trust Fund Expense. Any amounts reimbursable to the Trustee, the Backup Servicer, or any director, officer, employee or agent of the Trustee or the Backup Servicer, from the Trust Fund pursuant to Section 3.26 or 8.05 (payable in accordance with Section 4.01), any amounts reimbursable to the Depositor, the Certificate Administrator, the REMIC Administrator, the Servicer or any director, officer, employee or agent of the Depositor, the Servicer or the Backup Servicer, the Certificate Administrator or the REMIC Administrator, pursuant to Section 6.05 and any other amounts payable or reimbursable from the Trust Fund as Extraordinary Trust Fund Expenses pursuant to the terms of this Agreement.