Borrower Reimbursable Costs definition

Borrower Reimbursable Costs means, collectively, (i) any and all out-of-pocket fees, costs, expenses and indemnified amounts which a Borrower is obligated to pay to any Person or to reimburse to the lender pursuant to the applicable Note or any other Loan Documents, including Escrow Advances, and (ii) any and all reasonable out-of-pocket expenses necessary to protect or preserve the value of the Collateral securing a Loan or the priority of the Liens and security interests created by the Loan Documents relating thereto, including taxes, insurance premiums (including forced place insurance premiums), payment of ground rent, the costs of prevention of waste, repairs and maintenance, foreclosure expenses and legal fees and expenses relating to foreclosure or other litigation with respect to the Loans; provided, however, that Borrower Reimbursable Costs shall not include (x) overhead or administrative costs incurred by the Company or any other Person (including costs and expenses incurred by the Company to comply with reporting, recordkeeping, licensing and similar requirements imposed on the Company under the Company Operating Agreement or under the provisions of this Agreement, including Sections 5.05 and 8.01(a) and (l) of this Agreement), or (y) servicing, management or similar fees paid to any Servicer or any other Person.
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Borrower Reimbursable Costs has the meaning given in the Participation Agreement.
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Borrower Reimbursable Costs means, collectively, any and all out-of-pocket fees, costs, expenses and indemnified amounts incurred by B Participant at any time which a Borrower is obligated to pay or to reimburse to B Participant pursuant to the applicable Loan Agreement or any other Loan Documents, including, without limitation, the costs and expenses described in the Loan Agreements (generally in Section 9.3), Protective Advances and the actual, out-of-pocket costs and expenses incurred by B Participant in connection with its obligations under this Agreement.
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Examples of Borrower Reimbursable Costs in a sentence

  • All such Borrower Reimbursable Costs not recovered from Borrowers or Guarantors and all other Servicer Advances shall be reimbursed only in accordance with the terms set forth on Schedule 3, as the same may be amended from time to time by the Company and the Servicer without the Participant’s consent.

  • Except as otherwise directed by the Company, the Servicer shall use its reasonable best efforts to recover from Borrowers and Guarantors all Borrower Reimbursable Costs that are Servicer Advances.

Related to Borrower Reimbursable Costs

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Administrative Costs means all costs and expenses associated with providing notice of the Class Settlement Agreement to the Settlement Class, Claims Administration, and otherwise administering and carrying out the terms of this Class Settlement Agreement.

  • Operation and Maintenance Costs means the costs of:

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.G of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Direct Costs means the sum of the following:

  • Reimbursable item also means “allowable cost” and “compensable item.”

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.