Corporate Advance means, collectively, (a) any advance (other than those described in clause (b) below) made by a Borrower as servicer pursuant to the Servicing Contracts to inspect, protect, preserve or repair properties that secure defaulted Mortgage Loans or that have been acquired through foreclosure or deed in lieu of foreclosure or other similar action pending disposition thereof, or for similar or related purposes, including, but not limited to, necessary legal fees and costs expended or incurred by a Borrower as servicer in connection with foreclosure, bankruptcy, eviction or litigation actions with or involving Mortgagors on defaulted Mortgage Loans, as well as costs to obtain clear title to such a property, to protect the priority of the lien created by a Mortgage Loan on such a property, and to dispose of properties taken through foreclosure or by deed in lieu thereof or other similar action, (b) any advance made by a Borrower as servicer pursuant to the Servicing Contracts to foreclose or undertake similar action with respect to a Mortgage Loan, and (c) any other out of pocket expenses incurred by a Borrower as servicer pursuant to the Servicing Contracts (including, for example, costs and expenses incurred in loss mitigation efforts and in processing assumptions of Mortgage Loans), to the extent such advances are reimbursable pursuant to the Servicing Contracts.
Corporate Advance means any “Corporate Advance” or “Servicing Advance” (as defined in the applicable Subject Servicing Agreement, as applicable, or any other similar term therein) or, to the extent not so defined therein, customary and reasonable out-of-pocket expenses incurred in connection with a default, delinquency or other event relating to a Mortgage Loan and, in each case, made in accordance with the applicable Subject Servicing Agreement and for which Servicer has a right of reimbursement under the applicable Subject Servicing Agreement.
Corporate Advance means any advance disbursed by or on behalf of the Company with respect to any Mortgage Pool as required by the Xxxxxx Xxx Contract with respect to any Mortgage Loan included in the related Mortgage Pool (other than amounts advanced as MBS Advances or Escrow Advances), excluding any advance disbursed by an Interim Servicer related to Acquired MSRs until such time as Servicer completes reconciliation of such advances with the Interim Servicer and pays the Interim Servicer for such advances.
Examples of Corporate Advance in a sentence
Notice thereof shall also be given by the Calculation Agent to the Securityholders as soon as possible in accordance with Condition 16.
This Corporate Advance was not made in connection with the sale of the property.
If the claim for insurance benefits is not filed within 60 calendar days from the issuance of Preliminary Title Approval, Preliminary Title Approval will be rescinded, and the servicer must submit a new CT-22 request.Pre-Due and Payable Corporate Advance Servicers must include, as an additional item in the Compliance Package, a detailed explanation of all pre-Due and Payable corporate advances.
The applicant should describe howthe method of analyses of economic circumstance is consistent with that used in other decision making ( e.g., rate cases, tax filings, insurance statements, filings with the Securities and Exchange Commission), or why there would be a difference in the method or outcome of analyses.Category 3—Emissions ImpactTo be eligible for certification, the applicant must provide an estimate of the impact of reactor closure on emission of air pollutants.
A wide geographic coverage was thought to be desirable and in some cases the CBD Focal Point also served in the same capacity for CMS.
More Definitions of Corporate Advance
Corporate Advance means, without duplication, collectively, (i) any advance made by the Borrower as servicer pursuant to the Servicing Contracts to inspect, protect, preserve or repair properties that secure defaulted Mortgage Loans or that have been acquired through foreclosure or deed in lieu of foreclosure or other similar action pending disposition thereof, or for similar or related purposes, including, but not limited to, necessary legal fees and costs expended or incurred by the Borrower as servicer in connection with foreclosure, bankruptcy, eviction or litigation actions with or involving Mortgagors on defaulted Mortgage Loans, as well as costs to obtain clear title to such a property, to protect the priority of the lien created by a Mortgage Loan on such a property, and to dispose of properties taken through foreclosure or by deed in lieu thereof or other similar action, (ii) any advance made by the Borrower as servicer pursuant to the Servicing Contracts to foreclose or undertake similar action with respect to a Mortgage Loan, and (iii) any other out of pocket expenses incurred by the Borrower as servicer pursuant to the Servicing Contracts (including, for example, costs and expenses incurred in loss mitigation efforts and in processing assumptions of Mortgage Loans), to the extent such advances are reimbursable pursuant to the Servicing Contracts.
Corporate Advance means a recoverable servicer advance made by Borrower pursuant to a Pledged Servicing Receivables Agreement to pay customary, reasonable and necessary “out of pocket” costs and expenses incurred by the Servicer in the performance of its servicing obligations, including, but not limited to, the cost of (a) the preservation, restoration and protection of any related Mortgaged Premises or REO Property and (b) any enforcement or judicial proceedings, including foreclosures and (c) the management and liquidation of any related REO Property.
Corporate Advance. Any advance disbursed by the Servicer with respect to any Mortgage Pool as required by the Xxxxxx Mae Contract with respect to any Mortgage Loan included in the related Mortgage Pool (other than amounts advanced as MBS Advances or Escrow Advances), excluding any advance disbursed by an Interim Servicer related to Acquired MSRs until such time as Servicer completes reconciliation of such advances with the Interim Servicer and pays the Interim Servicer for such advances.
Corporate Advance. Collectively, (i) any advance (other than those described in clause (ii) below) made by the Servicer (including any predecessor servicer) and reimbursable to the Servicer relating to a Designated Servicing Contract as set forth in the Xxxxxxx Mac Guide and the Xxxxxxx Xxx Xxxxxxxx Documents, to inspect, protect, preserve or repair properties that secure Mortgage Loans or that have been acquired through foreclosure or deed in lieu of foreclosure or other similar action pending disposition thereof, or for similar or related purposes, including, but not limited to, necessary legal fees and costs expended or incurred by the Servicer (including any predecessor servicer) in connection with foreclosure, bankruptcy, eviction or litigation actions with or involving Obligors on Mortgage Loans, as well as costs to obtain clear title to such a property, to protect the priority of the lien created by a Mortgage Loan on such a property, and to dispose of properties taken through foreclosure or by deed in lieu thereof or other similar action (in all cases, without regard to those actions described in (ii) below), (ii) any advance made by the Servicer (including any predecessor servicer) relating to a Designated Servicing Contract and as set forth in the Xxxxxxx Mac Guide and the Freddie Mac Purchase Documents, to foreclose or undertake similar action with respect to a Mortgage Loan, and (iii) any other out of pocket expenses incurred by the Servicer (including any predecessor servicer) relating to a Designated Servicing Contract and as set forth in the Xxxxxxx Mac Guide and the Xxxxxxx Xxx Xxxxxxxx Documents (including, for example, costs and expenses incurred in loss mitigation efforts and in processing assumptions of Mortgage Loans that are reimbursable by Freddie Mac pursuant to Chapter 9701 of the Freddie Mac Guide (not including Escrow Advances or Delinquency Advances (each as described in such Chapter)).
Corporate Advance. The Current Period Advances made by the Servicer on any Deposit Date out of its own corporate funds.
Corporate Advance means a Freddie Mac Corporate Advance or a Fannie Mae Corporate Advance and collectively the “Corporate Advances”, as defined in the applicable Participation Agreement.
Corporate Advance means a Xxxxxxx Mac Corporate Advance or a Xxxxxx Xxx Corporate Advance and collectively the “Corporate Advances”, as defined in the applicable Participation Agreement.