Common use of Advances by Master Servicer Clause in Contracts

Advances by Master Servicer. If any Servicer fails to remit any Advance required to be made under the related Purchase and Servicing Agreement or Servicing Agreement, as applicable, the Master Servicer, as successor servicer shall itself make, or shall cause the successor Servicer to make, such Advance. If the Master Servicer, as successor servicer determines that such an Advance is required, it shall on the Business Day immediately preceding the related Distribution Date remit to the Securities Administrator from its own funds (or funds advanced by such Servicer) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, as successor servicer and each Servicer shall be entitled to be reimbursed for all Advances made by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer, as successor servicer determines in its reasonable judgment that an Advance is non-recoverable, the Master Servicer, as successor servicer shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer determines that an Advance is non-recoverable, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Securities Administrator to such effect (provided, however, that the Master Servicer, as successor servicer need not provide such Officer’s Certificate to the Securities Administrator so long as the Master Servicer, as successor servicer and the Securities Administrator are the same Person).

Advances by Master Servicer. If any Servicer fails to remit any Advance required to be made under the related Purchase and Servicing Agreement or Servicing Agreement, as applicable, the Master Servicer, as successor servicer servicer, shall itself make, or shall cause the successor Servicer to make, such Advance. If the Master Servicer, as successor servicer servicer, determines that such an Advance is required, it shall on the Business Day immediately preceding the related Distribution Date remit to the Securities Administrator from its own funds (or funds advanced by such Servicer) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, as successor servicer servicer, and each Servicer shall be entitled to be reimbursed for all Advances made by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer, as successor servicer servicer, determines in its reasonable judgment that an Advance is non-recoverable, the Master Servicer, as successor servicer servicer, shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer servicer, determines that an Advance is non-recoverable, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Securities Administrator to such effect (provided, however, that the Master Servicer, as successor servicer servicer, need not provide such Officer’s Certificate to the Securities Administrator so long as the Master Servicer, as successor servicer Servicer and the Securities Administrator are the same Person).

Advances by Master Servicer. (a) Advances shall be made in respect of each Deposit Date as provided herein. If, on any Determination Date, any Servicer determines that any Scheduled Payments due during the related Due Period (other than Balloon Payments) have not been received, such Servicer shall advance such amount to the extent provided in the applicable Servicing Agreement. If any Servicer fails to remit any Advance Advances required to be made under the related Purchase and Servicing Agreement or applicable Servicing Agreement, as applicable, the Master Servicer, Servicer shall itself (in its capacity as successor servicer shall itself Servicer) make, or shall cause the successor Servicer to make, make such Advance. If the Master Servicer, as successor servicer determines that such an Advance is required, it shall advance on the Business Day Deposit Date immediately preceding the related Distribution Date following such Determination Date. The Master Servicer shall: (i) remit Advances to the Securities Administrator Trustee from funds advanced by the applicable Servicer (or from its own funds (or funds advanced by such to the extent it is successor Servicer) for deposit in the Distribution Certificate Account in immediately available funds in an amount equal to such Advance, (ii) cause to be made an appropriate entry in the records of the Collection Account that funds in such account being held for future distribution or withdrawal have been, as permitted by this Section 5.04, used by the Master Servicer to make such Advance, and remit such immediately available funds to the Trustee for deposit in the Certificate Account or (iii) make Advances in the form of any combination of clauses (i) and (ii) aggregating the amount of such Advance. Any funds being held in the Collection Account for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by remittance to the Trustee for deposit in the Certificate Account on or before any future Deposit Date to the extent that funds in the Certificate Account on such Deposit Date shall be less than payments to Certificateholders required to be made on the related Distribution Date. The Master Servicer, as successor servicer Servicer and each Servicer shall be entitled to be reimbursed from the Collection Account for all Advances made by itit as provided in Section 4.02. Notwithstanding anything to the contrary herein, in the event the Master Servicer, as successor servicer Servicer determines in its reasonable judgment that an Advance is non-recoverable, the Master Servicer, as successor servicer Servicer shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer determines that an Advance is non-recoverable, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Securities Administrator to such effect (provided, however, that the Master Servicer, as successor servicer need not provide such Officer’s Certificate to the Securities Administrator so long as the Master Servicer, as successor servicer and the Securities Administrator are the same Person).

Advances by Master Servicer. If any Servicer fails to remit any Advance required to be made under the related applicable Purchase and Servicing Agreement or Servicing Agreement, as applicable, the Master Servicer, as successor servicer servicer, shall itself make, or shall cause the any other successor Servicer to make, such Advance. If the Master Servicer, as successor servicer Servicer determines that such an Advance is required, it shall on the Business Day immediately preceding the related Distribution Date remit to the Securities Administrator from its own funds (or funds advanced by such the applicable Servicer) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, as successor servicer Servicer and each Servicer shall be entitled to be reimbursed for all Advances made by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer, as successor servicer Servicer determines in its reasonable judgment that an Advance is non-recoverable, the Master Servicer, as successor servicer Servicer shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer Servicer determines that an Advance is non-recoverable, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Securities Administrator to such effect (provided, however, that the Master Servicer, as successor servicer Servicer need not provide such Officer’s Certificate to the Securities Administrator so long as the Master Servicer, as successor servicer Servicer and the Securities Administrator are the same Person)...

Advances by Master Servicer. If any Servicer fails to remit any Advance required to be made under the related Purchase and Servicing Agreement or Servicing Agreement, as applicable, the Master Servicer, Servicer as successor servicer shall itself make, or shall cause the successor Servicer to make, such Advance. If the Master Servicer, Servicer as successor servicer determines that such an Advance is required, it shall on the Business Day immediately preceding the related Distribution Date remit to the Securities Administrator from its own funds (or funds advanced by such Servicer) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, Servicer as successor servicer and each Servicer shall be entitled to be reimbursed for all Advances made by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer, Servicer as successor servicer determines in its reasonable judgment that an Advance is non-recoverable, the Master Servicer, Servicer as successor servicer shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer Servicer determines that an Advance is non-recoverable, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Securities Administrator to such effect (provided, however, that the Master Servicer, Servicer as successor servicer need not provide such Officer’s Certificate to the Securities Administrator so long as the Master Servicer, as successor servicer Servicer and the Securities Administrator are the same Person).

Advances by Master Servicer. If any Servicer fails to remit any Advance required to be made under the related Purchase and Servicing Agreement or Servicing Agreement, as applicable, the Master Servicer, as successor servicer Servicer shall itself make, or shall cause the successor Servicer to make, such Advance. If the Master Servicer, as successor servicer Servicer determines that such an Advance is required, it shall on the Business Day immediately preceding the related Distribution Date remit to the Securities Administrator from its own funds (or funds advanced by such Servicer) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, as successor servicer Servicer and each Servicer shall be entitled to be reimbursed for all Advances made by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer, as successor servicer Servicer determines in its reasonable judgment that an Advance is non-non- recoverable, the Master Servicer, as successor servicer Servicer shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer Servicer determines that an Advance is non-recoverable, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Securities Administrator to such effect (provided, however, that the Master Servicer, as successor servicer Servicer need not provide such Officer’s Certificate to the Securities Administrator so long as the Master Servicer, as successor servicer Servicer and the Securities Administrator are the same Person).

Advances by Master Servicer. If any Servicer fails to remit any Advance required to be made under the related Purchase and Servicing Agreement or applicable Servicing Agreement, as applicable, the Master Servicer, as successor servicer Servicer shall itself make, or shall cause the successor Servicer to make, such Advance. If the Master Servicer, as successor servicer Servicer determines that such an Advance is required, it shall on the Business Day immediately preceding the related Distribution Date immediately following such Determination Date, remit to the Securities Administrator from its own funds (or funds advanced by such the applicable Servicer) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, as successor servicer Servicer and each Servicer shall be entitled to be reimbursed for all Advances made by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer, as successor servicer Servicer determines in its reasonable judgment that an Advance is nona Non-recoverablerecoverable Advance, the Master Servicer, as successor servicer Servicer shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer Servicer determines that an Advance is nona Non-recoverablerecoverable Advance, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Securities Administrator Trustee to such effect (effect; provided, howeverthat, with respect to any Mortgage Loan for which the related Servicer provided an Officer Certificate that the Master Servicerany Advance would constitute a Non-recoverable Advance, as successor servicer need not provide such Officer’s Certificate to the Securities Administrator so long as shall fulfill the Master Servicer, as successor servicer and the Securities Administrator are the same Person)’s obligations under this Section 4.3.

Advances by Master Servicer. If any Servicer fails to remit any Advance required to be made under the related Purchase and Servicing Agreement or applicable Servicing Agreement, as applicable, the Master Servicer, as successor servicer Servicer shall itself make, or shall cause the successor Servicer to make, such Advance. If the Master Servicer, as successor servicer Servicer determines that such an Advance is required, it shall on the Business Day immediately preceding the related Distribution Date immediately following such Determination Date, remit to the Securities Administrator from its own funds (or funds advanced by such the applicable Servicer) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, as successor servicer Servicer and each Servicer shall be entitled to be reimbursed for all Advances made by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer, as successor servicer Servicer determines in its reasonable judgment that an Advance is nona Non-recoverablerecoverable Advance, the Master Servicer, as successor servicer Servicer shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer Servicer determines that an Advance is nona Non-recoverablerecoverable Advance, it shall, on or prior to the related Distribution Date, deliver an Officer’s 's Certificate to the Securities Administrator Indenture Trustee to such effect (effect; provided, howeverthat, with respect to any Mortgage Loan for which the related Servicer provided an Officer Certificate that any Advance would constitute a Non-recoverable Advance, such Officer's Certificate shall fulfill the Master Servicer, as successor servicer need not provide such Officer’s Certificate to the Securities Administrator so long as the Master Servicer, as successor servicer and the Securities Administrator are the same Person)'s obligations under this Section 9.3.

Advances by Master Servicer. If any Servicer fails to remit any Advance required to be made under the related applicable Purchase and Servicing Agreement or Servicing Agreement, as applicable, the Master Servicer, as successor servicer Servicer shall itself make, or shall cause the successor Servicer to make, such Advance. If the Master Servicer, as successor servicer Servicer determines that such an Advance is required, it shall on the Business Day immediately preceding the related Distribution Date remit to the Securities Administrator from its own funds (or funds advanced by such the applicable Servicer) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, as successor servicer Servicer and each Servicer shall be entitled to be reimbursed for all Advances made by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer, as successor servicer Servicer determines in its reasonable judgment that an Advance is non-recoverable, the Master Servicer, as successor servicer Servicer shall be under no obligation to make such Advance. If the Master Servicer, as successor servicer Servicer determines that an Advance is non-recoverable, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Securities Administrator to such effect (provided, however, that the Master Servicer, as successor servicer Servicer need not provide such Officer’s Certificate to the Securities Administrator so long as the Master Servicer, as successor servicer Servicer and the Securities Administrator are the same Person)...