MBS Advance Reimbursement Amounts definition

MBS Advance Reimbursement Amounts means any Advance Reimbursement Amounts related to reimbursements for previously made MBS Advances.
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MBS Advance Reimbursement Amounts. Any Advance Reimbursement Amounts related to reimbursements for previously made MBS Advances. MBS Advance VFN: Any Series of Variable Funding Notes designated in the related Indenture Supplement as available and solely to be drawn upon following the Servicer’s failure to pay a required MBS Advance, or following any other default by the Servicer under the Xxxxxx Mae Contract, to make the full required cure payment on the related MBS and preserve the Indenture Trustee’s rights under the Acknowledgment Agreement. As of the Effective Date, the Series 2016-MBSADV1 Notes are the sole Series of MBS Advance VFNs.
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MBS Advance Reimbursement Amounts. Any Advance Reimbursement Amounts related to reimbursements for previously made MBS Advances.
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Examples of MBS Advance Reimbursement Amounts in a sentence

  • MBS Advance Reimbursement Amounts shall be allocated to the P&I Advance Reimbursement Available Funds Account of the Collection and Funding Account.

  • Pursuant to the terms of the Participation Agreement, the Company hereby grants a Participation Interest in the MBS Advance Reimbursement Amounts to __________, (as the registrant for collateral purposes of xxxxXxxxx.xxx, LLC, as the Initial Participant, the “Participant”): Certificate No. 1 Percentage Interest: 100% THIS PARTICIPATION CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE.

  • On each Payment Date, the Indenture Trustee shall transfer from the Collection and Funding Account (and, with respect to MBS Advance Reimbursement Amounts, all such amounts on deposit in the P&I Advance Reimbursement Available Funds Account) to the Note Payment Account all funds then on deposit therein.

  • P&I Advance Participation Certificate, dated as of November 15, 2021, evidencing a participation interest granted to the Indenture Trustee in the MBS Advance Reimbursement Amounts related to Portfolio Mortgage Loans, as more particularly described in the Participation Agreement (the “P&I Advance PC”).

  • P&I Advance PC: The Participation Certificate issued pursuant to the MSR Participation Agreement which evidences the Participation Interest in the MBS Advance Reimbursement Amounts related to the Portfolio.

  • MBS Advance Reimbursement Amounts: Any Advance Reimbursement Amounts related to reimbursements for previously made MBS Advances.

  • MBS Advance Reimbursement Balance: On any date of determination, the aggregate outstanding balance in U.S. dollars of all MBS Advance Reimbursement Amounts owed with respect to the related Portfolio Mortgage Loans.

  • The level of compliance officer knowledge is also not high, even with the cross training from Fisheries inspectors to animal welfare inspectors.

  • MBS Advance Reimbursement Balance: On any date of determination, the aggregate outstanding balance in U.S. dollars of all MBS Advance Reimbursement Amounts owed with respect to all Portfolio Mortgage Loans.

Related to MBS Advance Reimbursement Amounts

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

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

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

  • 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.

  • Reimbursement Amounts As defined in Section 3.22.

  • 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 Amount As defined in Section 2.04.

  • 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).

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

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

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

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Cash Advance Fees means cash advance transaction fees and cash advance late fees, if any, as specified in any Account Agreement applicable to an Account.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Period Servicing Amount means, for any twelve month period with respect to each of the Shared-Loss Agreements during which the loss-sharing provisions of the applicable Shared-Loss Agreement are in effect, the product of (i) the simple average of the principal amount of Shared-Loss Loans and Shared-Loss Assets (other than the Shared-Loss Securities) (in each case as defined in the Shared-Loss Agreements), as the case may be, at the beginning of such period and at the end of such period times (ii) one percent (1%).

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.