Pre-Approved Charges definition

Pre-Approved Charges means the costs and expenses expressly designated as “Pre- Approved Charges” in Sections 2.8, 3.1(c), 3.1(d)(i), 3.1(e), 3.2(b), 4.3, 4.10 and 5.6 of this Agreement, and no other costs or expenses.

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Pre-Approved Charges shall have the meaning given in the Contribution

Pre-Approved Charges has the meaning given in the Contribution Agreement.

Examples of Pre-Approved Charges in a sentence

Expenses incurred by the Company in complying with the obligations set forth in the preceding sentence shall constitute Pre-Approved Charges for purposes of the Participation Agreement.
The costs and expenses of any title curative work, if required, shall constitute Pre-Approved Charges.
For all Loan Proceeds with respect to any Group of Loans received by the Receiver during the Interim Servicing Period for which the Servicing Transfer Date has not occurred, the Receiver shall transfer any such Loan Proceeds, net of any Servicing Expenses and Pre-Approved Charges then due and payable, no later than two (2) Business Days prior to the applicable Distribution Date to the Paying Agent for deposit into the Collection Account.
Any such amounts for Advances paid after the Cut-Off Date through the Closing Date or for Servicing Expenses or Pre-Approved Charges paid after the Closing Date through the Servicing Transfer Date owed to but not reimbursed to the Initial Member on the Servicing Transfer Date for the respective Loan shall be reimbursed by the Company to the Initial Member on demand.
Taxes paid by the Company pursuant to this Section shall constitute Pre-Approved Charges for purposes of the Participation Agreement.
Reasonable and customary expenses paid to third parties actually incurred by the Debtor in preparing and delivering such allonges and Mortgage Assignments shall constitute Pre-Approved Charges for purposes of the Custodial and Paying Agency Agreement.
In addition, the Initial Member shall be paid or reimbursed on the Servicing Transfer Date for Servicing Expenses or Pre-Approved Charges that an Existing Servicer pays after the Closing Date through the Servicing Transfer Date out of its own funds (rather than withdrawing such funds from the Collection Account or the Working Capital Reserve or otherwise using Loan Proceeds to pay for the respective Servicing Expenses or Pre- Approved Charges).
Any out-of-pocket fees due to any insurer or guarantor incurred by the Company (or the Manager or the Servicer for the benefit of the Company) to fulfill its obligations set forth in the preceding sentence shall constitute Pre-Approved Charges.
The Company shall bear all responsibility and expense of securing from the appropriate source any intervening Mortgage Assignment or any other assignment to the Initial Member, the FDIC or a Failed Bank that might be missing from the Underlying Collateral Documents, but the costs thereof shall constitute Pre-Approved Charges for purposes of the Custodial and Paying Agency Agreement.
Taxes paid by the Company pursuant to this Section shall constitute Pre-Approved Charges for purposes of the Custodial and Paying Agency Agreement.

More Definitions of Pre-Approved Charges

Pre-Approved Charges means the costs and expenses (including legal fees and costs incurred by the Company, the Manager, the Servicer or any Subservicer for the benefit of the Company) expressly designated as “Pre-Approved Charges” in the Custodial and Paying Agency Agreement (including Section 6.1(a)), in the Transfer Agreement (including Sections 2.8, 3.1(a), 3.1(b), 3.1(d)(i), 3.1(d)(v), 3.1(e), 3.2(b), 4.3, 4.10 and 5.6 of the Transfer Agreement), and no other costs or expenses.

Pre-Approved Charges shall have the meaning given in the Contribution Agreement. “Qualified Custodian” shall mean any Person that (i) is a bank, trust company or title insurance company subject to supervision and examination by any federal or state regulatory authority, (ii) is experienced in providing services of the type required to be performed by the Document Custodian under the Custodial Agreement, (iii) is not prohibited from exercising custodial powers in any jurisdiction in which the Custodial Documents (as defined in the Custodial Agreement) are or will be held, and is qualified and licensed to do business in each such jurisdiction to the extent required unless and to the extent the failure to be so qualified or licensed will not have a material adverse effect on the Document Custodian or the ability of the Document Custodian to perform its obligations under the Custodial Agreement, (iv) has combined capital and surplus of at least $50,000,000 as reported in its most recent report of condition, (v) is acceptable to and approved by Participant (such approval not to be unreasonably withheld, delayed or conditioned), (vi) has the facilities to safeguard the Loan Documents as required by the Custodial Agreement, and (vii) is not an Affiliate of either the Company or the Servicer.

Pre-Approved Charges shall have the meaning given in the Contribution Agreement. “Pre-Cut-Off Date Advances” shall mean advances made by or on behalf of the Receiver or the Failed Bank (or other assignor that conveyed the Loans to the Failed Bank or the Receiver) on or prior to the Cut-Off Date to fund Servicing Expenses.

Pre-Approved Charges means the costs and expenses (including legal fees and costs incurred by the Company, the Manager, the Servicer or any Subservicer for the benefit of the Company) expressly designated as “Pre-Approved Charges” in the Custodial and Paying Agency Agreement (including Section 6.1(a)), in the Transfer Agreement (including Sections 2.8, 3.1(a), 3.1(b), 3.1(d)(i), 3.1(d)(v), 3.1(e), 3.2(b), 4.3, 4.10, 5.6, 7.2(b) and 7.2(d) of the Transfer Agreement) or the Reimbursement, Security and Guaranty Agreement, and no other costs or expenses.