Recoveries and Reimbursement definition

Recoveries and Reimbursement. Amounts shall be applied to the Uncertificated Lower Tier Interests in a manner analogous to the application of Realized Losses to the Uncertificated Lower Tier Interests. As of any date, the aggregate principal balance of the Class I-L Interest and the Class I-LS Interest shall equal the principal balance of Loan Group I. As of any date, the aggregate principal balance of the Class II-L Interest and the Class II-LS Interest shall equal the principal balance of Loan Group II. The pass-through rate with respect to the Class I-L Interest and Class I-LS Interest shall be the Net WAC of the Group I Mortgage Loans. The pass-through rate with respect to the Class II-L Interest and Class II-LS Interest shall be the Net WAC of the Group II Mortgage Loans. Any Non-Supported Interest Shortfalls will be allocated to each Uncertificated Lower-Tier Interest in the same relative proportions as interest is allocated to such Uncertificated Lower-Tier Interest.
Recoveries and Reimbursement. Amounts shall be applied to the Uncertificated Lower Tier Interests in a manner analogous to the application of Realized Losses to the Uncertificated Lower Tier Interests. As of any date, the aggregate principal balance of the Class I-L Interest and the Class I-LS Interest shall equal the principal balance of Loan Group I. As of any date, the aggregate principal balance of the Class II-L Interest and the Class II-LS Interest shall equal the principal balance of Loan Group II. As of any date, the aggregate principal balance of the Class III-L Interest and the Class III-LS Interest shall equal the principal balance of Loan Group III. As of any date, the aggregate principal balance of the Class IV-L Interest and the Class IV-LS Interest shall equal the principal balance of Loan Group IV. As of any date, the aggregate principal balance of the Class V-L Interest and the Class V-LS Interest shall equal the principal baxxxce of Loan Group V. The pass-through rate with respect to the Class I-L Interest and Class I-LS Interest shall be the Net WAC of the Group I Mortgage Loans. The pass-through rate with respect to the Class II-L Interest and Class II-LS Interest shall be the Net WAC of the Group II Mortgage Loans. The pass-through rate with respect to the Class III-L Interest and Class III-LS Interest shall be the Net WAC of the Group III Mortgage Loans. The pass-through rate with respect to the Class IV-L Interest and Class IV-LS Interest shall be the Net WAC of the Group IV Mortgage Loans. The pass-through rate with respect to the Class V-L Interest and Class V-LS Interest shall be the Net WAC of the Groux X Mortgage Loans. Any Non-Supported Interest Shortfalls will be allocated to each Uncertificated Lower-Tier Interest in the same relative proportions as interest is allocated to such Uncertificated Lower-Tier Interest.

Examples of Recoveries and Reimbursement in a sentence

  • Recoveries and Reimbursement Amounts shall be applied to the Group 1 Uncertificated Lower-Tier Interests in a manner analogous to the application of Realized Losses to the Group 1 Uncertificated Lower-Tier Interests.

Related to Recoveries and Reimbursement

  • Recoveries means, with respect to any Receivable that becomes a Liquidated Receivable, monies collected in respect thereof, from whatever source, during any Collection Period following the Collection Period in which such Receivable became a Liquidated Receivable, net of the sum of any amounts expended by the Servicer for the account of the Obligor and any amounts required by law to be remitted to the Obligor.

  • Reimbursement means that DOH will repay the Contractor for allowable costs incurred under the terms of this contract.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Net Recoveries means gross Recoveries during any Calendar Quarter minus Reimbursable Expenses during such Calendar Quarter.

  • Reimbursement Amounts As defined in Section 3.22.

  • Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Contract, including any unapproved expenditures. Xxxxxxx understands and agrees that it will be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Contract. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Pricing and Reimbursement Approval means any official, final, binding and non-appealable determination of the reimbursable price of the Product in accordance with Applicable Laws and approval by relevant Regulatory Authorities pertaining to the reimbursement of the Product, as applicable in each country in the Territory in which a Regulatory Authority approves or determines the price and/or reimbursement of pharmaceutical products.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Payments has the meaning set forth in Section 8.11.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Expenses shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever, including, without limitation, all reasonable attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, fees of private investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, fax transmission charges, secretarial services and all other disbursements, obligations or expenses in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, settlement or appeal of, or otherwise participating in, a Proceeding (as defined below), including reasonable compensation for time spent by Indemnitee for which he or she is not otherwise compensated by the Company or any third party. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding (as defined below), including without limitation the principal, premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

  • Liquidation Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • Recovery has the meaning set forth in Section 6.5.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Other Costs Defined in Section 13.9(c).

  • Reimbursement Amount As defined in Section 2.04.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Late Collections With respect to any Mortgage Loan and any Due Period, all amounts received subsequent to the Determination Date immediately following such Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of principal and/or interest due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) but delinquent for such Due Period and not previously recovered.

  • Liquidation Profits As to any Distribution Date and any Mortgage Loan that became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, the excess, if any, of (i) Net Liquidation Proceeds in respect of such Liquidated Loan over (ii) the unpaid principal balance of such Liquidated Loan plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs.