Examples of Advance Report Date in a sentence
On or prior to the Advance Report Date, the Master Servicer shall notify the Trustee and the Paying Agent if the P&I Advance Amount for such Distribution Date is greater than zero, and the Master Servicer shall make a P&I Advance in respect of each Mortgage Loan of such amount no later than the Master Servicer Remittance Date.
The determination by either the Master Servicer or the Other Master Servicer made on the earlier of (i) the Advance Report Date and (ii) the Other Advance Report Date that any such P&I Advance is nonrecoverable shall be binding on the Other Master Servicer and the Master Servicer, as applicable, the Certificateholders and the holders of any securities relating to the Non-Serviced Companion Loans or Serviced Companion Loans, as applicable.
The determination by either the Master Servicer or the Other Master Servicer made on the earlier of (i) the Advance Report Date and (ii) the Other Advance Report Date that any such P&I Advance is nonrecoverable shall be binding on the Other Master Servicer and the Master Servicer, as applicable, the Certificateholders and the holders of any securities relating to the Non-Serviced Companion Mortgage Loans or Serviced Companion Mortgage Loans, as applicable.
On or prior to the Advance Report Date, the Master Servicer shall notify the Trustee if the P&I Advance Amount for such Distribution Date is greater than zero, and the Master Servicer shall make a P&I Advance in respect of each Mortgage Loan of such amount no later than the Master Servicer Remittance Date.
On or prior to the Advance Report Date, the Master Servicer shall notify the Trustee and the Paying Agent if the P&I Advance Amount for such Distribution Date is greater than zero, and the Master Servicer shall make a P&I Advance in respect of each applicable Mortgage Loan of such amount no later than the Master Servicer Remittance Date.
For purposes of the notice described in the foregoing sentence, with respect to any Advance Report Date, the "P&I Advance Amount" for each Mortgage Loan shall be determined without regard to any collections that might be received after the related Determination Date.
However, what is optimum for GPs in the delivery of after-hours services will not always align with best practice for positive consumer outcomes.
For each Distribution Date, (i) the Servicer shall deliver to the Paying Agent, no later than the related Report Date, the Servicer Remittance Report and the Loan Periodic Update File with respect to such Distribution Date and (ii) the Servicer shall deliver to the Paying Agent on the related Advance Report Date, the amount of P&I Advance to be made by the Servicer on the related Servicer Remittance Date.
The Master Servicer shall deliver to the Trustee, no later than the Advance Report Date, the Advance Report with respect to the related Distribution Date.
On or prior to the Advance Report Date, the Master Servicer shall notify the Trustee and the Paying Agent if the P&I Advance Amount for such Distribution Date is greater than zero (provided that such notice shall be deemed given if the Master Servicer complies with its obligations under Section 8.11(a) ), and the Master Servicer shall make a P&I Advance in respect of each applicable Mortgage Loan of such amount no later than the Master Servicer Remittance Date.