Borrower Reimbursable Trust Fund Expenses definition

Borrower Reimbursable Trust Fund Expenses. Expenses for which the Borrower is obligated to reimburse the Trust pursuant to the Mortgage Loan Agreement (including, without limitation, Sections 4.29, 4.30 and 10.21 of the Mortgage Loan Agreement).
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Borrower Reimbursable Trust Fund Expenses. With respect to the Trust Loan, the unanticipated and other default related expenses incurred by the Trust Fund as to which the Borrower is required to reimburse the Trust, the Trustee, the Servicer or the Special Servicer pursuant to the terms of the Loan Documents.
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Borrower Reimbursable Trust Fund Expenses. Expenses for which the Borrowers are obligated to reimburse the Trust and/or the Companion Loan Holder(s) pursuant to the Mortgage Loan Agreement (including, without limitation, Sections 6.4, 6.5, 11.4, 11.5, 12.1, 12.4, 17.6 and 17.7 of the Mortgage Loan Agreement).
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Examples of Borrower Reimbursable Trust Fund Expenses in a sentence

  • The Servicer and the Special Servicer shall use efforts consistent with Accepted Servicing Practices to collect from the Borrowers the amount of any fees and other expenses payable by the Borrowers under the Mortgage Loan Documents, including, without limitation, Borrower Reimbursable Trust Fund Expenses, including exercising all remedies available under the Mortgage Loan Documents that would be in accordance with Accepted Servicing Practices.


More Definitions of Borrower Reimbursable Trust Fund Expenses

Borrower Reimbursable Trust Fund Expenses. 10.21(b) “Capital Expenditure Account” - 6.5.1
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Borrower Reimbursable Trust Fund Expenses. Amounts payable or reimbursable by the Borrowers pursuant to Section 13.2 of the Mortgage Loan Agreement.
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Borrower Reimbursable Trust Fund Expenses. With respect to the Whole Loan, any and all costs, claims, liabilities and expenses in respect of which the Borrower is responsible for payment, either directly or through the indemnification of the Trust or another third party, pursuant to Section 10.3 of the Loan Agreement.
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Related to Borrower Reimbursable Trust Fund Expenses

  • Trust Fund Expenses shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Trustee/Certificate Administrator Fee With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest Accrual Period at the Trustee/Certificate Administrator Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator Fee shall be payable from the Lower-Tier REMIC.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Trustee/Certificate Administrator Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0055% per annum.