Remaining Amount Available definition
Examples of Remaining Amount Available in a sentence
Notwithstanding anything to the contrary contained herein, the Servicer is hereby authorized to retain from the Pool Remaining Amount Available for the respective Pool sufficient funds to reimburse the Servicer for the payment of such tax (to the extent that the Servicer has paid any such tax and has not been previously reimbursed or indemnified therefor).
The Trustee may reimburse the Servicer from the Expense Account pursuant to Section 6.03(c)(i), and, if necessary, from amounts otherwise payable to the Holders of the Class X Certificates from the Remaining Amount Available for all amounts advanced by it pursuant to the preceding sentence with respect to the Trust Fund except when the Claim relates directly to the failure of the Servicer or the Claims Administrator to service and administer the Mortgages in compliance with the terms of this Agreement.
The Certificate Administrator shall reimburse the Servicer from the Expense Account pursuant to Section 6.02(c)(i), and, if necessary, from amounts otherwise payable to the Holders of the Class X Certificates from the Remaining Amount Available for all amounts advanced by it pursuant to the preceding sentence with respect to the Trust Fund except when the claim relates directly to the failure of the Servicer to service and administer the Mortgages in compliance with the terms of this Agreement.
Subject to the terms and conditions of this Agreement, each Purchaser agrees, severally and not jointly, to make payment by wire transfer to a bank designated by the Company of such Purchaser’s Remaining Amount Available (the “Second Closing”), which shall occur on a date as soon as reasonably possible but no later than two (2) business days after the date specified in the written request (the “Second Closing Date”).