T&I Advances definition

T&I Advances any advances representing real estate taxes or insurance premiums (to the extent required in the SSA, including renewal payments). Amended & Restated Master Subservicing Agreement EXECUTION VERSION
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T&I Advances. Any advances representing real estate taxes or insurance premiums (to the extent required in the PSA, including renewal payments).
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T&I Advances means advances for the payment of taxes, assessments and maintenance fees and insurance with respect to a Mortgaged Property which the Borrower is obligated to make pursuant to the terms of a Pooling and Servicing Agreement in connection with a Specified Securitization Transaction.
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Examples of T&I Advances in a sentence

  • T&I Advances pay specified expenses associated with the preservation of a mortgaged property or the liquidation of defaulted mortgage loans, including but not limited to property taxes, insurance premiums or other property-related expenses that have not been timely paid by borrowers in order for the lien holder to maintain its interest in the property.

  • The Debtors expect to make P&I Advances and T&I Advances in connection with the GA Loans in the average monthly amounts of $100 million and $50 million, respectively.

  • The Debtors typically recover the P&I Advances and T&I Advances in subsequent months.

  • The Debtors expect to make P&I Advances and T&I Advances in connection with the Non-GA Loans in the average monthly amounts of $650 million and $125 million, respectively.

  • The Debtors, as of March 31, 2012, held receivables totaling approximately $283.3 million on account of T&I Advances made with respect to GA Loans and approximately $36.7 million on account of P&I Advances made with respect to GA Loans.

  • As of March 31, 2012, the Debtors held receivables totaling approximately $579.7 million on account of T&I Advances made with respect to Non-GA Loans and approximately$890.6 million on account of P&I Advances made with respect to Non-GA Loans.

  • Furthermore, the payment of T&I Advances and Corporate Advances are necessary to preserve the value of REO pending a sale of the asset and are also required pursuant to the Guides and/or servicing agreements, as applicable.

Related to T&I Advances

  • Revolving Advances means Advances made other than Letters of Credit.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Monthly Advances Principal and interest advances and servicing advances including costs and expenses of foreclosure.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note securitized pursuant to such Securitization Servicing Agreement.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Overadvance Loan means a Base Rate Revolving Loan made when an Overadvance exists or is caused by the funding thereof.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Tranche A Advance has the meaning specified in Section 2.01(a).