Corporate Advances definition

Corporate Advances means the payment of appraisal fees, broker opinion fees, attorney fees and associated legal fees, foreclosure fees, trustee fees, property inspection fees, property preservation and operating cost fees, tax penalties, premiums for title insurance policies, lien search fees or any other cost that can be directly associated with the collection and servicing of a Loan.

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Corporate Advances means Servicing Advances made in connection with the foreclosure or servicing of an Underlying Mortgage Loan or Underlying REO Property, other than, for the avoidance of doubt, Servicing Advances made on account of delinquent principal and interest payments.

Corporate Advances means advances made by the Servicer in connection with the foreclosure or servicing of a Mortgage Loan, other than, for the avoidance of doubt, Servicing Advances made on account of delinquent principal and interest payments.

Examples of Corporate Advances in a sentence

Corporate Advances Recovered at Termination The amount of the Total Corporate Advance balance recovered at termination Escrow Advances Recovered at Termination The amount of the Total Escrow Advance balance recovered at termination Commission The broker commission amount on liquidation Seller Concession The dollar amt of seller concessions upon liquidation.
Taxes Taxes paid on liquidation Repairs Cost of Repairs to property Water and Sewer Water & Sewer costs Expenses Recovered at Termination The amount of the Total Expenses recovered at termination Corporate Advances at Termination Corporate advance balance at time of liquidation.
For Loan-Level Receivables, the Servicer shall institute and implement a policy of reimbursing Escrow Advances and Corporate Advances before P&I Advances upon liquidation of the related Mortgage Loan, under each related Designated Servicing Agreement to the extent permitted by the related Designated Servicing Agreement.
If Receivables attributable to P&I Advances or Deferred Servicing Fees are Loan-Level Receivables under a Designated Servicing Agreement but Corporate Advances and Escrow Advances are not, the Servicer shall effect reimbursement for Loan-Level Receivables before Receivables that are not Loan-Level Receivables to the extent permitted by the related Designated Servicing Agreement.
Ocwen shall be required to pay all expenses incurred by it in connection with its obligations hereunder to the extent such expenses do not constitute Corporate Advances and shall not be entitled to reimbursement therefor except as specifically provided for herein or in the applicable Subject Servicing Agreement.

More Definitions of Corporate Advances

Corporate Advances means all customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Company or any subservicer of its servicing obligations with respect to the preservation, restoration and protection of the mortgaged property.

Corporate Advances means Revolving Advances to be used for general corporate purposes not related to the Acquisition of operating insurance companies by Borrower.

Corporate Advances. With respect to the servicing of a Mortgage Loan, advances related to a delinquent Mortgage Loan made in accordance with the related Servicing Agreement applicable to such Mortgage Loan and reimbursable in accordance with such Servicing Agreement, including but not limited to attorney fees and costs, property preservation, property inspection, and valuation fees, as well as other default related expenses (other than P & I Advances and T & I Advances).

Corporate Advances means amounts actually paid (or in the case of interest advances, deferred) by Seller with respect to a Mortgage Loan for purposes of servicing, collecting and/or preserving the Mortgage and the Mortgage Balance, including, but not limited to, any and all expenses paid to third parties, interest advances, taxes, insurance, maintenance fees and any other similar fees and expenses, all as more scheduled on Exhibit D.

Corporate Advances means any and all monies advanced or incurred by Seller from its own funds for the payment of property insurance, taxes, property preservation, property maintenance, attorneys' fees and disbursements, advances to senior lienholders and principal and interest advances for remittances on schedule/schedule or schedule/actual Mortgage Loan remittances to the extent not offset by funds in applicable custodial accounts.

Corporate Advances means, as of any date, with respect to any given Loan, those funds that have been advanced by (or on behalf of) the Seller (but have not been reimbursed to the Seller) in connection with the servicing of such Loan, such as principal, interest, ground rents, taxes, insurance premiums, assessments, foreclosure and bankruptcy expenses, inspection fees and other such expenses which are (i) valid receivables, (ii) properly documented to be contractually recoverable from the Mortgagor, (iii) properly collectible under Law, and (iv) accounted for in accordance with generally accepted accounting principles.

Corporate Advances has the meaning set forth in Section 2.1.5 (a).