WMB Loans definition

WMB Loans. The Mortgage Loans identified on the Mortgage Loan Schedule as being serviced by Washington Mutual Bank.
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Examples of WMB Loans in a sentence

  • The Servicer’s obligation to make any advance or advances described in this Section 4.02 is effective only to the extent that such advance is, in the good faith judgment of the Servicer made not later than the second Business Day prior to each Distribution Date, reimbursable from Insurance Proceeds or Liquidation Proceeds of the related WMB Loans or recoverable as late Minimum Monthly Payments with respect to the related WMB Loans or otherwise.

  • In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such successor out of payments on WMB Loans (and on the Countrywide Loans, if the Servicer was acting as successor to Countrywide under Section 7.02(c) or (d)) as it and such successor shall agree; provided, however, that no such compensation shall, together with the compensation to the Trustee, be in excess of that permitted the Servicer hereunder.

  • Any funds being held for future distribution and so used shall be replaced by the Servicer by deposit in the Custodial Account for P&I not later than the Business Day prior to any future Distribution Date to the extent that funds otherwise available for distribution on such Distribution Date with respect to the WMB Loans shall be less than payments required to be made hereunder on such Distribution Date.

  • Prior to the close of business on the second Business Day prior to each Distribution Date, the Servicer shall determine whether or not it will make a Monthly P&I Advance not later than the Business Day prior to such Distribution Date and shall furnish a written statement to the Trustee, the Paying Agent, if any, and to any Certificateholder requesting the same, setting forth the aggregate amount to be advanced on account of principal and interest in respect of the WMB Loans, stated separately.

  • The Servicer shall establish escrow accounts for, or pay when due (by means of an advance), any tax liens in connection with the Mortgaged Properties related to the WMB Loans and premiums with respect to any insurance required to be maintained by the Servicer under Section 3.06 and 3.07, to the extent that such amounts are not paid by the Mortgagors when due and to the extent that any such payment would not constitute a Nonrecoverable WMB Advance when made.

  • The Servicer shall enforce “due-on-sale” clauses with respect to the related WMB Loans, to the extent permitted by law, subject to the provisions set forth in Section 3.08.

  • In addition, the Servicer shall be entitled to be paid, as additional servicing compensation, (i) any prepayment penalty received on a WMB Loan that is not a Prepayment Premium, and any late charges, nonsufficient funds fees and other fees and charges collected on the WMB Loans, (ii) to the extent provided in Section 3.03, all gains realized on investments of funds held in the Investment Account and (iii) all gains realized on investments of funds held in the Certificate Account.

  • The Servicer shall bear any and all losses incurred on any investments made with funds on deposit in the Investment Account and shall be paid all gains realized on such investments (except Payoff Earnings on WMB Loans to the extent applied to pay Compensating Interest) as additional servicing compensation.

  • See the affidavit of David Tone Dillon filed by leave 21 April 2015 para 4(b).

  • Prior to the close of business on the second Business Day prior to each Distribution Date, the Servicer shall determine whether or not it will make a WMB Monthly P&I Advance not later than the Business Day prior to such Distribution Date and shall furnish a written statement to the Trustee, the Paying Agent, if any, and to any Certificateholder requesting the same, setting forth the aggregate amount to be advanced on account of principal and interest in respect of the WMB Loans, stated separately.

Related to WMB Loans

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

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

  • Term B Loans has the meaning specified in Section 2.01(a).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • New Revolving Loans as defined in Section 2.25.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

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

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Term Loan as defined in Section 2.1.