Interest Advances definition

Interest Advances. A Total outstanding interest advances Number made by servicer. LPMI Flag A Code/Flag to determine if PMI is paid Text by owner of loan LPMI Rate A Rate per annum of LPMI premiums Number Account Balances Beginning Scheduled A Beginning scheduled loan balance. If Number Balance the loan is serviced on a scheduled balance basis Ending Scheduled A Ending scheduled loan balance. If the Balance loan is serviced on a scheduled balance basis Escrow Balance A Current balance of escrow account Number (borrower's positive funds).
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Interest Advances has the meaning set forth in Section 2.01.
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Interest Advances means, as the context may require, any one or more of the following: Steamboat Interest Advances, Canyons Interest Advances, *Sugarbush Interest Advances and/or *Sugarloaf Interest Advances.
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Examples of Interest Advances in a sentence

  • If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • FHA 27011A Transmitted Date FHA 27011A Transmitted Date FHA 27011B Transmitted Date FHA 27011B Transmitted Date FHA Case # FHA Case # FHA Part A Funds Received Date FHA Part A Funds Received Date First Payment Date First Payment Date Foreclosure Actual Sale Date Date F/C Sale Held VA Guarantee % VA Guarantee % Interest Advances Interest Advances Investor Loan Number Investor Loan Number INVESTOR/SECURITY BILLING SENT DATE Date claim submitted to investor Liquidation Status Type of PIF, S/S, 3rd Party etc.

  • In addition, in the event that a Simple Interest Receivable becomes a Liquidated Receivable, the amount of accrued and unpaid interest thereon (but not including interest for the current Collection Period) shall, up to the amount of any outstanding Simple Interest Advances made with respect to such Receivable, be withdrawn from the Collection Account and paid to the Servicer in reimbursement of such outstanding Simple Interest Advances.

  • If such a calculation in respect of a Simple Interest Receivable results in a negative number, an amount equal to such negative amount shall be paid to the Servicer in reimbursement of any outstanding Simple Interest Advances made with respect to such Receivable.

  • FHA 27011A Transmitted Date FHA 27011A Transmitted Date FHA 27011B Transmitted Date FHA 27011B Transmitted Date FHA Case # FHA Case # FHA Part A Funds Received Date FHA Part A Funds Received Date First Payment Date First Payment Date Foreclosure Actual Sale Date Date F/C Sale Held VA Gaurantee % VA Gaurantee % Interest Advances Interest Advances Investor Loan Number Investor Loan Number INVESTOR/SECURITY BILLING SENT DATE Date claim submitted to investor Liquidation Status Type of PIF, S/S, 3rd Party etc.

  • For purposes of this Section, the Purchase Amount shall consist in part of a release by the Servicer of all rights of reimbursement with respect to Outstanding Precomputed Advances and Outstanding Simple Interest Advances on the Receivable.

  • All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied first, in the case of Precomputed Receivables, to reduce Outstanding Precomputed Advances as described in Section 5.04(a) and, in the case of Simple Interest Receivables, to reduce Outstanding Simple Interest Advances to the extent described in Section 5.04(b).

  • Section 2.05 Repayments of Interest Advances, the Special Termination Advance or the Final Advance.

  • Notwithstanding the foregoing, in no circumstance will the Advancing Agent be required to make an Interest Advance in respect of a Loan Obligation to the extent that the aggregate outstanding amount of all unreimbursed Interest Advances would exceed the aggregate outstanding principal amount of the Notes.

  • The Servicer shall be reimbursed for Outstanding Scheduled Interest Advances with respect to a Receivable from the following sources with respect to such Receivable, in each case as set forth in the Pooling and Servicing Agreement: (i) subsequent payments by or on behalf of the Obligor, (ii) collections of Liquidation Proceeds, and (iii) the Warranty Payment.


More Definitions of Interest Advances

Interest Advances as defined in subsection 2.1(d).
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Interest Advances means, with respect to a CDO Issuer, “Interest Advances” within the meaning of the applicable CDO Agreements.
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Interest Advances. (including any Advancing Agent Fee, Nonrecoverable Advances (as defined in the CDO Indentures) and any applicable interest thereon) relating to the Subordinated Interest Advance Amounts received under the CDO Indentures (but only to the extent CWCI is not entitled to such repayments and reimbursements under the payment priorities set forth in Section 3(c)), in trust, as trustee, for the benefit of GKKL, subject to Section 3(c) and the terms hereof; and, in each case, to the extent required hereunder, shall promptly pay over and deliver, or shall cause to be promptly paid-over and delivered, all such amounts, directly to the applicable Subordinated Gramercy Parties in all cases unconditionally, without reduction, set-off or any other limitation, to a bank account designated in writing by the Subordinated Gramercy Parties, it being understood and agreed that the Senior Advancing Parties shall have no interest in or right to any such amounts other than as provided in this Agreement. The Senior Advancing Parties agree not to initiate or prosecute any claim, action or other proceeding challenging the enforceability of any of the Subordinated Gramercy Parties’ claims hereunder.
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Interest Advances collectively, the Term Loan A Interest Advances and the Term Loan B Interest Advances.
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Interest Advances means Advances drawn and used to pay interest on Commercial
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Related to Interest Advances

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Nonrecoverable Advances Means, with respect to any Mortgage Loan, (a) any Delinquency Advance or Servicing Advance previously made and not reimbursed pursuant to Section 5.03 of the Sale and Servicing Agreement, or (b) a Delinquency Advance proposed to be made in respect of a Mortgage Loan or REO Property either of which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Indenture Trustee no later than the Business Day following such determination, would not ultimately be recoverable pursuant to Section 5.03 of the Sale and Servicing Agreement.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Monthly Advances Principal and interest advances and servicing advances including costs and expenses of foreclosure.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Tax Advances has the meaning set forth in Section 5.07.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Revolving Advance has the meaning given in Section 2.1.