Nonrecoverable Advance. 42 Non-U.S. Person...............................................................................42
Nonrecoverable Advance. An Advance that is determined to be “non-recoverable” from late collections or liquidation or other proceeds of the Mortgage Loan in respect of which such Advance was made.
Nonrecoverable Advance. 11 Notice .......................................................... 11
Nonrecoverable Advance. 00 Xxxxxxxxxxxxxx X&X Advance.............................................. 26
Nonrecoverable Advance. 17 Notes..........................................................................................17
Nonrecoverable Advance. 48 Non-U.S. Person. . . . . . . . . . . . . . . . . . . 48 OTS. . . . . . . . . . . . . . . . . . . . . . . . . 49
Nonrecoverable Advance. The Master Servicer will include in the Remittance Report a list of each Mortgage Loan for which it does not make an Advance in accordance with this Section. Such Advances may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Payment Dates in subsequent months. Any funds being held for future distribution to Securityholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the Collection Account on or before the fourth Business Day preceding any Payment Date to the extent that funds in the Collection Account with respect to such Payment Date shall be less than payments to Securityholders required to be made on such date.
Nonrecoverable Advance. 23 TABLE OF CONTENTS (continued)
Nonrecoverable Advance. The Master Servicer will include in the Remittance Report a list of each Mortgage Loan for which it does not make an Advance in accordance with this Section. Such Advances may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Payment Dates in subsequent months. Any funds being held for future distribution to Securityholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the Collection Account on or before the fourth Business Day preceding any Payment Date to the extent that funds in the Collection Account with respect to such Payment Date shall be less than payments to Securityholders required to be made on such date. In the event that the Master Servicer determines that, with respect to any Payment Date, it will be unable to deposit in the Collection Account an amount equal to the Advance required to be made not later than the third Business Day immediately preceding the related Payment Date in the amount determined by the Master Servicer pursuant to this Section 4.04, it shall give notice to the Indenture Trustee of its inability to Advance (such notice may be given by telecopy), not later than 4:00 PM, New York time, on the third Business Day immediately preceding the related Payment Date, specifying the portion of such amount that it will be unable to deposit. Not later than 12:00 PM, New York time, on the related Payment Date, unless by such time the Master Servicer shall have directly or indirectly deposited in the Payment Account the entire amount of the Advances required to be made for the related Payment Date, pursuant to this Section 4.04, the Indenture Trustee shall (a) terminate all of the rights and obligations of the Master Servicer under this Servicing Agreement in accordance with Section 6.01 and (b) assume the rights and obligations of the Master Servicer hereunder, including the obligation to deposit in the Payment Account an amount equal to the Advance for the Payment Date.
Nonrecoverable Advance. 15 Non-Subordinated Originator's Interest............. 15 O/C Mortgage Loans................................. 15
