Escrow Advances definition

Escrow Advances. Any amounts advanced by Seller, Purchaser or the third party servicer for either Seller or Purchaser for the purpose of effecting the payment of taxes, assessments and any insurance premiums relating to a Mortgaged Property.
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Escrow Advances and "Liquidation Expenses."
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Examples of Escrow 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.

  • Escrow Advances at Termination Escrow 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.

  • Eligible Advances must have been actually incurred by the Servicer, and T&I Escrow Advances and Corporate Servicing Advances must fall under one of the 571 Codes in the Xxxxxx Xxx 571 Claims Guide.

  • Number Corporate Advances Recovered at Termination The amount of the Total Corporate Advance balance recovered at termination Number Escrow Advances Recovered at Termination The amount of the Total Escrow Advance balance recovered at termination Number Commission The broker commission amount on liquidation Number Seller Concession The dollar amt of seller concessions upon liquidation.

  • Number Termination Escrow Advances at Termination T Escrow advance balance at time of liquidation.

  • Such funding shall be contingent on the fact that no discrepancy regarding the requested T&I Escrow Advances and Corporate Servicing Advances remains outstanding.

  • At any time Xxxxxx Xxx may notify the Servicer of any material discrepancy between the P&I Delinquency Advances, T&I Escrow Advances or Corporate Servicing Advances as previously reported by the Servicer and the amounts reflected in Xxxxxx Mae’s internal systems of record.

  • Applicable to each reimbursement of T&I Escrow Advances and Corporate Servicing Advances made by Xxxxxx Mae herein, Servicer shall pay Xxxxxx Xxx a fee equal to the greater of 1) $1,000, or 2) the Compensation Rate divided by twenty-four (24), multiplied by the T&I Escrow Advance and Corporate Servicing Advances reimbursed by Xxxxxx Mae.

Related to Escrow Advances

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • 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.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • 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:

  • Cash Advance means an advance or payment made in any currency or by travellers’ cheques, notes or other forms representing an amount of any currency by any Merchant, bank or other financial institution and shall include any amount paid by DBS for the credit of the Cardmember’s account(s) with any person which had issued to the Cardmember any credit or charge card(s).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Nonrecoverable Advances Means, with respect to any Mortgage Loan, (a) any Delinquency Advance or Servicing Advance previously made and not reimbursed pursuant to Section 5.03 of the Sale and Servicing Agreement, or (b) a Delinquency Advance proposed to be made in respect of a Mortgage Loan or REO Property either of which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Indenture Trustee no later than the Business Day following such determination, would not ultimately be recoverable pursuant to Section 5.03 of the Sale and Servicing Agreement.

  • Monthly Advances Principal and interest advances and servicing advances including costs and expenses of foreclosure.

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

  • Disbursement is defined in Section 2.6.2.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

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

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

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

  • Cash Advance Fee means a cash advance fee or similar fee that is charged to an Account under the related Credit Card Agreement.

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • 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.

  • Extraordinary Advances has the meaning specified therefor in Section 2.3(d)(iii) of this Agreement.

  • Reimbursement Amounts As defined in Section 3.22.

  • Tax Advances has the meaning set forth in Section 5.07.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Property Protection Advances shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Advances shall have the meaning set forth in the Lead Securitization Servicing 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.