Definition of Portfolio Collections

  1. Portfolio Collections means, with respect to each Portfolio, the funds collected on the related Portfolio Mortgage Loans and allocated as the servicing compensation payable to the Company as servicer of such Portfolio Mortgage Loans pursuant to one or more Servicing Agreements and Agency Guides, and, for the avoidance of doubt, other than Ancillary Income or reimbursements received by the Company from a loan owner for advances and other out-of-pocket expenditures pursuant to such Servicing Agreements and Agency Guides.

Examples of Portfolio Collections in a sentence

  1. To facilitate Participant's annual tax reporting, Company shall provide to Participant the relevant IRS Form 1065 K-1s and other necessary tax information, provided to the Company, which corresponds to all of Participant's Portfolio Collections and Portfolio Termination Payments arising from or related to applicable Participation Interests.

Definition of Portfolio Collections in Participation Agreement

Portfolio Collections means, with respect to each Portfolio, the funds collected on the related Portfolio Mortgage Loans and allocated as the servicing compensation payable to the Company as servicer of such Portfolio Mortgage Loans pursuant to one or more Servicing Agreements and Agency Guides, and, for the avoidance of doubt, other than Ancillary Income or reimbursements received by the Company from a loan owner for advances and other out-of-pocket expenditures pursuant to such Servicing Agreements and Agency Guides.