Recovery of Advances. The Servicer shall be entitled to reimbursement for any Advances made by it in respect of any Asset out of late collections from the related Obligor or from Insurance Proceeds, Liquidation Proceeds or a Repurchase Price recovered by it in respect of such Asset ("Related Proceeds") and shall be entitled to reimburse itself for unreimbursed Advances made that have become Non-Recoverable Advances in accordance with Section 3.07(a)(1) below.
Recovery of Advances. The Master Servicer shall be entitled to reimbursement for any Advances made by it in respect of any Asset out of late collections from the related Obligor or from Insurance Proceeds, Liquidation Proceeds or a Repurchase Price paid in respect of such Asset ("Related Proceeds") and shall be entitled to reimburse itself for unreimbursed Advances made that have become Non-Recoverable Advances in accordance with Section 3.07(a)(1) below.
Recovery of Advances. The recovery of Advances shall commence when 20% of the original contract value of the work has been paid and it will be completed by the time 85% of the Contract Value has been paid or the original completion date whichever is earlier. As far as possible the recovery of advances shall be limited to 30% of an account bill.
Recovery of Advances. 34.1 Recovery of advances as per clause "Advance" and of the interest thereon, shall be made by the deduction from the contractor's intermediate bills in suitable percentages of the billed amount, subject to the provision that no recovery would be made till the work equal to 10% of the contract value is completed and that entire advance with simple interest thereon shall be recovered by the time work equal to 80% of the contract value is completed. Payments will first be credited to interest due and residual applied to the advance principal.
Recovery of Advances. In the event that the aggregate of the XX XXXX Assignment Amounts paid by the XX XXXX Institutional Lenders pursuant to this Section 1.1 of this Annex C on any XX XXXX Assignment Date occurring on or after the XX XXXX Conduit Investment Termination Date is less than the aggregate Advances outstanding of the XX XXXX Conduit Lender on such XX XXXX Assignment Date, then to the extent Collections thereafter received by the Lender Agent for the XX XXXX Institutional Lenders hereunder in respect of the Advances outstanding exceed the aggregate of the unrecovered XX XXXX Assignment Amounts and Advances outstanding funded by the XX XXXX Institutional Lenders, such excess shall be remitted by the Lender Agent for the XX XXXX Institutional Lenders to the XX XXXX Conduit Lender (or to the XX XXXX Lender Agent on its behalf) for the account of the XX XXXX Conduit Lender.
Recovery of Advances. Subject to the provisions of Article 35 -------------------- and subject to the provisions of Article 38, the Mortgagee shall have the right, from time to time, to bring an appropriate action to recover any sums required to be paid by any Mortgagor under the terms of this Mortgage and/or the Notes as they become due, without regard to whether the principal indebtedness evidenced by the Notes or any other sums secured by this Mortgage shall be due, and without prejudice to the right of the Mortgagee thereafter to bring an action of foreclosure, or any other action, for any default by any Mortgagor existing at the time the earlier action was commenced.
Recovery of Advances. The Servicer shall be entitled to reimbursement for any Delinquency Advances or Servicing Advances made by it in respect of any Receivable out of subsequent collections in respect of the Receivables, including late collections from the related Obligor or from Insurance Proceeds, Liquidation Proceeds or a Loan Purchase Price recovered by it in respect of such Receivable ("Related Proceeds") and shall be entitled to reimburse itself for unreimbursed Delinquency Advances and Servicing Advances made that have become Non-Recoverable Advances in accordance with Section 3.2.
Recovery of Advances. Xxxxxx shall pay 60% of the net bonus (that is, the bonus paid to him in the gross amount less statutory deductions applicable to earnings) for each year beginning with the 2002 Bonus (to be paid in accordance with Section 4 of this Amended Agreement, that is, on or before January 31, 2003) until the full amount of the 2001 and 2002 Advances is recovered. If all or any portion of the Advances remains upon termination of employment after application of Xxxxxx'x payment related to the last bonus, such remainder shall be deemed fully earned by Xxxxxx and shall not be recovered by the Company. For example, if: - On or before January 31, 2001, the Company pays Xxxxxx a cash advance of $50,000, pursuant to Section 5 of this Amended Agreement; - Then on or before January 31, 2002, the Company pays Xxxxxx another cash advance of $140,000, pursuant to Section 5 of this Amended Agreement; - Then also on or before January 31, 2002, the Company pays Xxxxxx a bonus for the year 2001, equal to the gross amount of $112,500, pursuant to Section 4 of this Amended Agreement; - Then assuming that on or before January 31, 2003, the Company pays Xxxxxx a bonus for the year 2002, equal to the gross amount of $150,000, pursuant to Section 4 of this Amended Agreement; - Then further assuming that the statutory deductions applicable to the 2002 Bonus of $150,000 equal $52,500, then Xxxxxx would pay to the Company 60% of the net 2002 Bonus amount [that is, 60% of ($150,000 less $52,500 in statutory deductions)] for a total of $58,500 toward the total advance of $190,000, leaving an outstanding balance advanced of $131,500; - Then further assuming that on or before January 31, 2004, the Company pays Xxxxxx a bonus for the year 2003, equal to the gross amount of $150,000, pursuant to Section 4 of this Amended Agreement; - Then further assuming that the statutory deductions applicable to the 2003 Bonus of $150,000 continue to be equal to $52,500, then Xxxxxx would pay to the Company 60% of the net 2003 Bonus amount [that is, 60% of ($150,000 less $52,500 in statutory deductions)] for a total of $58,500 toward the remaining advanced balance of $131,500, leaving a new outstanding balance of $73,000; and - Then the Company continues to pay bonuses pursuant to Section 4 of this Amended Agreement; and Xxxxxx continues to pay the Company for any outstanding advanced balance pursuant to Section 5 of this Amended Agreement unless Xxxxxx'x employment is terminated (and if so, the outstanding a...
Recovery of Advances. To the extent permitted by applicable law and if an Event of Default shall have occurred and be continuing, Beneficiary shall have the right, from time to time, to bring an appropriate action to recover any sums required to be paid by Grantor under the terms of this Mortgage and/or the Credit Agreement as they become due, without regard to whether any other Secured Obligations shall be due, and, subject to the limitations imposed by law, without prejudice to the right of Beneficiary thereafter to bring an action of foreclosure, or any other action, for any Event of Default by Grantor existing at the time the earlier action was commenced.
Recovery of Advances. Subject to the terms of Section 13.24 -------------------- of the Loan Agreement, to the extent permitted by law, Lender shall have the right, from time to time, to bring an appropriate action to recover any sums required to be paid by Borrower under the terms of this Mortgage and/or the Note as they become due, without regard to whether the principal indebtedness evidenced by the Note or any other sums secured by this Mortgage shall be due, and, subject to the limitations imposed by law, without prejudice to the right of Lender thereafter to bring an action of foreclosure, or any other action, for any default by Borrower existing at the time the earlier action was commenced.
