Collateral Manager Advances definition

Collateral Manager Advances. The meaning specified in the Collateral Management Agreement.
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Collateral Manager Advances means all amounts advanced by the Collateral Manager to the Issuer pursuant to the Collateral Management Agreement for the purpose of funding the acquisition of or exercise of the rights under any Collateral Enhancement Obligation.
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Collateral Manager Advances means all amounts paid by the Collateral Manager on behalf of the Issuer pursuant to the Collateral Management Agreement for the purpose of acquiring or exercising rights under any Collateral Enhancement Obligation or to fund the Collateral Enhancement Account.
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Examples of Collateral Manager Advances in a sentence

  • All such Collateral Manager Advances shall be repaid (together with interest thereon) out of the Interest Proceeds and Principal Proceeds on each Payment Date pursuant to the Priorities of Payment.

  • The Collateral Manager may make Collateral Manager Advances pursuant to Condition 3(k) (Collateral Manager Advances) from time to time to the extent there are insufficient sums standing to the credit of the Supplemental Reserve Account to purchase or exercise rights under Collateral Enhancement Obligations which the Collateral Manager determines on behalf of the Issuer should be purchased or exercised.

  • All such Collateral Manager Advances shall be repaid (together with interest thereon) out of Interest Proceeds and Principal Proceeds on each Payment Date pursuant to the Priorities of Payments.

  • All such Collateral Manager Advances shall be repaid (together with interest thereon) out of Interest Proceeds and Principal Proceeds on each Payment Date pursuant to the Priorities of Payment.

  • Outstanding Collateral Manager Advances may accrue interest at a rate of EURIBOR plus 2.0 per cent.

  • The Collateral Manager may, in its sole discretion, designate all or part of its Collateral Management Fee(s) towards the acquisition of or reinvestment in Loss Mitigation Loans pursuant to Condition 3(k) (Collateral Manager Advances and designated Collateral Management Fees).

  • Outstanding Collateral Manager Advances may accrue interest at a maximum rate of EURIBOR plus 2.0 per cent.

  • Pursuant to Condition 3(k)(vi) (Supplemental Reserve Account), such Balance shall be comprised of all sums deposited therein from time to time which will comprise amounts which the Collateral Manager acting on behalf of the Issuer determines shall be paid into the Supplemental Reserve Account pursuant to the Priorities of Payments rather than being paid to the Subordinated Noteholders and such Collateral Manager Advances as the Collateral Manager makes in its discretion.

  • Collateral Manager Advances The Collateral Manager may make Collateral Manager Advances pursuant to Condition 3(k) (Collateral Manager Advances) from time to time to the extent there are insufficient sums standing to the credit of the Collateral Enhancement Account to purchase or exercise rights under Collateral Enhancement Obligations which the Collateral Manager determines on behalf of the Issuer should be purchased or exercised.

  • All such Collateral Manager Advances shall be repaid out of Interest Proceeds and Principal Proceeds on each Payment Date pursuant to the Priorities of Payment.


More Definitions of Collateral Manager Advances

Collateral Manager Advances means all amounts advanced by the Collateral Manager to the Issuer pursuant to the Collateral Management Agreement for the purpose of funding the acquisition of or exercise of the rights under any Collateral Enhancement Security provided that the aggregate of such amounts together with any further amounts paid into the Collateral Enhancement Account pursuant to the Priorities of Payment shall not exceed €3,000,000.
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Collateral Manager Advances. All Collateral Manager Expenses paid by the Collateral Manager from its own funds in connection with its obligations under this Agreement.
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Related to Collateral Manager Advances

  • Collateral Manager means such successor Person.

  • Collateral Management Fee The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 hereof, comprised of (x) the Base Management Fee and (y) the Subordinated Management Fee.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Lead Securitization Date means the closing date of the Lead Securitization.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • Servicing Bank means the Agent or the Security Trustee;

  • Discretionary Portfolio Management Services means the portfolio management services rendered to the Client by the Portfolio Manager on the terms and conditions contained in the agreement, where under the Portfolio Manager exercises any degree of discretion in the investments or management of assets of the Client.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Revolving Facility Loans shall include the Other Revolving Loans.