Delinquency Advance. As defined in Section 8.09(a) hereof.
Delinquency Advance. As defined in Section 4.09(a) hereof.
Delinquency Advance shall have the meaning set forth in Section 4.04(a) of the Sale and Servicing Agreement.
Examples of Delinquency Advance in a sentence
The Guarantor’s guaranty obligations to a Trust, as described in Section 7.5. For purposes of clause (a) of Subsection 7.4(4) and Subsection 7.5(3), any Delinquency Advance deposited to a Certificate Account will be treated as a payment made under the Guaranty.
More Definitions of Delinquency Advance
Delinquency Advance. With respect to the Master Servicer, as defined in Section 4.26(a) hereof, and with respect to any Servicer, any advance of funds in respect of a delinquent Monthly Payment made pursuant to the terms of the applicable Servicing Agreement.
Delinquency Advance. As to any Mortgage Loan or REO Loan, any advance made by the Master Servicer or the Trustee pursuant to Section 4.03.
Delinquency Advance. The aggregate of the advances required to be made by the Servicer on any Servicer Remittance Date pursuant to Section 5.18 of the Sale and Servicing Agreement, the amount of any such advances being equal to the sum of:
Delinquency Advance. An amount advanced by a Primary Servicer in respect of regularly scheduled interest or principal due on one or more Mortgage Loans, to the extent required under its Servicing Contract.
Delinquency Advance shall have the meaning assigned thereto in Section 2.10 hereof.
Delinquency Advance. An advance of the aggregate of payments of principal and interest (net of the Servicing Fee) on one or more Mortgage Loans that were due on a Due Date in the related Collection Period and not received as of the close of business on the related Determination Date, required to be made by the Servicer (or by a successor servicer) or the Master Servicer pursuant to Section 3.19.
Delinquency Advance means any advance made by Seller or Servicer pursuant to the Servicing Agreements, to cover due, but uncollected or unavailable as a result of funds not yet being cleared, principal and interest payments on the Early Buyout Loans included in the portfolio of Mortgage Loans serviced by Seller or Servicer pursuant to the Servicing Agreements, including Early Buyout Loans with respect to which the related Mortgaged Property is being held pending liquidation.