Revenues definition
Examples of Revenues in a sentence
The Master Servicer shall be entitled to recover unpaid Servicing Fees in respect of any applicable Mortgage Loan, Companion Loan or REO Loan out of that portion of related payments, Insurance and Condemnation Proceeds, Liquidation Proceeds and REO Revenues (in the case of an REO Loan) allocable as recoveries of interest, to the extent permitted by Section 3.05(a).
The Servicing Fee shall be payable monthly, on a loan-by-loan basis, from payments of interest on each Mortgage Loan, Companion Loan and REO Revenues allocable as interest on each REO Loan, and as otherwise provided by Section 3.05(a).
Each of Holdings, Borrower and their respective Subsidiaries shall, and shall cause the other Loan Parties to, promptly upon receipt, deposit all Revenues, proceeds or other payments or amounts received by such Person into the Asset Disposition Borrower Account or the Loss Proceeds Borrower Account, or to, at such time, make a Mandatory Prepayment of the Loans or other payment in respect of the Obligations, in each case, to Administrative Agent for the benefit of the Lenders.
The Special Servicer shall deposit, or cause to be deposited, in the REO Account, within two (2) Business Days after receipt of properly identified funds (so long as such funds are not otherwise used in connection with any REO Property pursuant to Section 3.14(c)), all REO Revenues, Insurance and Condemnation Proceeds and Liquidation Proceeds received in respect of an REO Property.