CORPORATE ADVANCES Sample Clauses

The "Corporate Advances" clause defines the lender's right to make certain payments or advances on behalf of the borrower to protect its interest in the collateral or to cover costs related to the loan. In practice, this may include paying for property taxes, insurance premiums, or costs to maintain or repair the collateral if the borrower fails to do so. The amounts advanced by the lender are typically added to the loan balance and accrue interest. This clause ensures that the lender can safeguard the value of the collateral and recover any necessary expenditures, thereby minimizing risk and preserving the security for the loan.
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CORPORATE ADVANCES. 1. Provide list of all loans with corporate advances. 2. Back-up documentation must be supplied for any loan with a corporate advance. The documentation must balance to the advance amount. 3. Back-up documentation must be received at the time of transfer.
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CORPORATE ADVANCES. Interest shall --------------------------- ------------------ at all times be payable monthly in arrears on the first day of each month. Commencing on October 1, 1998 and continuing on the first day of each calendar month thereafter, the Borrower shall make sixty (60) consecutive monthly payments of (i) principal, which payment shall be computed by the Bank based upon (A) the then outstanding balance of all unpaid Corporate Advances, and (B) an amortization schedule of equal monthly principal payments over sixty (60) months, plus (ii) interest on the outstanding balance of all unpaid Corporate Advances. The final payment shall be equal to the principal amount of all Corporate Advances outstanding, together with all other amounts due and owing with respect to Corporate Advances.
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CORPORATE ADVANCES. Provide list of all loans with corporate advances.
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CORPORATE ADVANCES. A. Provide list of all loans with corporate advances. B. Back-up documentation must be supplied for any loan with a corporate advance. The documentation must balance to the advance amount and must be furnished in an electronic format within five Business Days of the related Servicing Transfer Date. C. Back-up documentation must be received within five Business Days of the related Servicing Transfer Date .
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CORPORATE ADVANCES. Advances related to a delinquent Mortgage Loan expended by a Seller in accordance with the Servicing Agreement (other than T & I Advances), including attorney fees and costs, property preservation, property inspection, and valuation fees, as well as other default related expenses. Credit and Servicing File: Those documents, which may be originals, copies or electronically imaged, pertaining to each Mortgage Loan, which are delivered to the Purchaser in connection with the servicing of the Mortgage Loan, which will include originals or copies of the Mortgage Loan Documents, all credit and servicing related documentation relating to the origination and servicing of such Mortgage Loan necessary to service the Mortgage Loan in accordance with the Applicable Requirements. Custodian: With respect to any Mortgage Loans and Servicing Agreements, each applicable document custodian for the related Seller, Purchaser and the applicable Investors.
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CORPORATE ADVANCES. On the Transfer Date, provide Purchaser, or its designee, with copies of all receipts, invoices and bills pertaining to foreclosure expenses, attorney's fees, bankruptcy fees and other corporate advances along with a loan level report providing detail on each expense paid by Seller. In addition, Seller shall forward on a weekly basis all receipts, invoices and bills pertaining to foreclosure expenses, attorney's fees, bankruptcy fees and other corporate advances, received by Seller after the Transfer Date. Purchaser and Seller acknowledge that the amount of the escrow and corporate advances (as described in Sections 8(a) and 8(b)) may vary from the amount shown on the Mortgage Loan Schedules to reflect activity occurring after the Closing Date.
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CORPORATE ADVANCES. On the Servicing Transfer Date, Sellers shall use their commercially reasonable best efforts to provide to Purchaser or its designee, at Purchaser’s sole cost and expense, copies of invoices pertaining to corporate advances along with a loan level report, in each case to the extent Sellers have such documents in its possession. In addition, Sellers shall use their commercially reasonable best efforts to forward to Purchaser, at Purchaser’s sole cost and expense, any similar information received by Sellers after the Servicing Transfer Date.
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CORPORATE ADVANCES. Advances of attorney fees and costs, property preservation, property inspection, valuation fees, as well as other default related expenses expended by Seller in accordance with the Servicing Agreement.
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Related to CORPORATE ADVANCES

  • Base Rate Advances During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • Eurodollar Rate Advances During such periods as such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.

  • Eurocurrency Rate Advances During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

  • Eurodollar Advances Each Eurodollar Advance shall bear interest during its Interest Period equal to at all times the Eurodollar Rate for such Interest Period plus the Applicable Margin for Eurodollar Advances for such period. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on each of such Lender’s Eurodollar Advances on the last day of the Interest Period therefor (provided that for Eurodollar Advances with Interest Periods of six months or more, accrued but unpaid interest shall also be due on the day three months from the first day of such Interest Period), on the date any Eurodollar Advance is repaid, and on the Maturity Date.

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.