Advances To Be Company Obligation. Subject to the obligations of Participant to provide interim servicing for the Loans under the Contribution Agreement, and subject to the provisions of Section 3.03, all disbursements and advances under any Loan that are made to or for the account of Borrowers pursuant to the Loan Documents after the date hereof, and all other advances required to be made by (or on behalf of) the Company pursuant to this Agreement, shall be funded by (or through or on behalf of) the Company, and not by Participant or through any reduction in Participant’s Share or the amounts due hereunder.
Advances To Be Company Obligation. From and after the Servicing Transfer Date, the Company shall cause all Servicing Expenses to be funded and paid in accordance with the Loan Documents and the terms of this Agreement, to the extent not paid by the Borrower or any Guarantor. Notwithstanding anything to the contrary contained herein, in no event shall the Company be obligated to advance any amount to pay Servicing Expenses if the Company determines, in its discretion exercised in accordance with the Servicing Standard, that such amount, when combined with all previous Servicing Expenses and Pre-Cut-Off Date Advances for such Loan, would not ultimately be recoverable from the Loan Proceeds from such Loan (including from the related Collateral). Subject to the obligations of the Receiver to provide interim servicing for the Loans under the Contribution Agreement, and subject to the provisions of Section 3.03, all Servicing Expenses shall be funded by (or through or on behalf of) the Company and not by Participant.
