Unreimbursed Advances definition

Unreimbursed Advances. With respect to any Distribution Date, an amount equal to the aggregate of all Monthly Advances made on prior Distribution Dates that have not been reimbursed to the Master Servicer.
Unreimbursed Advances means, for any day, an amount (not less than zero) equal to the aggregate principal amount of all Advances then outstanding. In the event that the Liquidity Provider makes any Advance to the Issuer, the Issuer will be required to reimburse the Liquidity Provider for any Unreimbursed Advances plus interest at a rate set forth above, after making payments of interest to Noteholders on any subsequent Payment Date. If a decline in the short term rating of the Liquidity Provider (or any applicable guarantor) causes the Liquidity Provider Rating Criteria to cease to be satisfied, then (x) a "Downgraded Liquidity Provider Event" shall be deemed to have occurred and (y) subject to the satisfaction of the conditions set forth in the Liquidity Agreement, the Liquidity Provider shall remit to the Issuer within five Business Days in immediately available funds as described below an amount as determined by the Rating Agencies; provided that the Issuer shall have access and be entitled to such funds only as and to the extent provided in the Liquidity Agreement and as described under "—The Liquidity Account". The remittance of such funds by the Liquidity Provider to the Issuer shall constitute a pledge of such funds by the Liquidity Provider to the Issuer to secure its Unutilized Liquidity Commitments.
Unreimbursed Advances shall have the meaning set forth in Section 3.7.

Examples of Unreimbursed Advances in a sentence

  • Aggregate Unreimbursed Advances This Month $ -- Previous Month $ -- ----------------- Change From Previous Month $ -- N.

  • Aggregate Unreimbursed Advances This Month $ -- Previous Month $ -- --------------- Change From Previous Month $ -- N.

  • Aggregate Unreimbursed Advances This Month $ - Previous Month $ - ----------------- Change From Previous Month $ - N.

  • Aggregate Unreimbursed Advances This Month $ -- Previous Month $ -- -------------------- Change From Previous Month $ -- N.

  • Aggregate Unreimbursed Advances This Month $ -- Previous Month $ -- ------------------ Change From Previous Month $ -- N.

  • Aggregate Unreimbursed Advances This Month $ - Previous Month $ - --------------------- Change From Previous Month $ - N.

  • Aggregate Unreimbursed Advances This Month $ 12,110.73 Previous Month $ - ------------------ Change From Previous Month $ 12,110.73 N.

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  • Aggregate Unreimbursed Advances This Month $ 8,017.98 Previous Month $ 3,415.53 Change From Previous Month $ 4,602.45 N.

  • Aggregate Unreimbursed Advances This Month $ 307.60 Previous Month $ - Change From Previous Month $ 307.60 N.


More Definitions of Unreimbursed Advances

Unreimbursed Advances means the amount of principal and interest advances, taxes and insurance advances, corporate advances, servicing advances and delinquency advances made to an Investor and all related Receivables made or held by Seller in connection with the Private Servicing Agreements and, to the extent not transferred to Purchaser pursuant to the MSR Purchase Agreement, any advances or related Receivables made or held by Seller in connection with the Servicing Agreements with Xxxxxx Xxx, Xxxxxx Xxx or Xxxxxxx Xxx, in each case, for which Seller has not been reimbursed as of the Closing.

Related to Unreimbursed Advances

  • Unreimbursed Amount has the meaning specified in Section 2.03(c)(i).

  • Reimbursement Obligations means, at any time, the aggregate of all obligations of the Borrower then outstanding under Section 2.18 to reimburse the LC Issuers for amounts paid by the LC Issuers in respect of any one or more drawings under Facility LCs.

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

  • Reimbursement Obligation the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.

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

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

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

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

  • Swing Loans each is defined in Section 1.7 hereof.