Examples of Advance Report Date in a sentence
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.
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.
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.
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 Paying Agent shall notify the Master Servicer in writing as soon as practicable, but not later than 5:00 p.m. (New York City time) on the Master Servicer Remittance Date if it has not received a P&I Advance with respect to a Mortgage Loans set forth in the Master Servicer Remittance Report provided to the Paying Agent on the related Advance Report Date.