Advance Reimbursements definition
Examples of Advance Reimbursements in a sentence
Notwithstanding anything to the contrary herein, in no event shall Advance Reimbursements or Servicing Advance Reimbursements be included in the "Available Funds" or distributed to Certificateholders.
Notwithstanding anything to the contrary herein, in no event shall Advance Reimbursements or Servicing Advance Reimbursements be included in the “Available Funds” or distributed to Certificateholders.
Within thirty (30) days following the end of each Operating Year, the Advance Reimbursements shall be reconciled against the actual amount of reimbursements payable by Landlord to Tenant under the formula described above and within thirty (30) days following such reconciliation, Landlord shall make payment to Tenant, or Tenant shall make payment to Landlord, for the underpayment or overpayment, as applicable.
In the event that Treasury failed to advance Treasury’s Participation Percentage in the Advance pursuant to Section 6(d) above, the Administrator shall remit the Advance Reimbursements to the GSEs, pro rata, based upon the outstanding Advances owed to GSEs with respect to the related TCLF.