Interest Advances definition

Interest Advances. A Total outstanding interest advances Number made by servicer. LPMI Flag A Code/Flag to determine if PMI is paid Text by owner of loan LPMI Rate A Rate per annum of LPMI premiums Number Account Balances Beginning Scheduled A Beginning scheduled loan balance. If Number Balance the loan is serviced on a scheduled balance basis Ending Scheduled A Ending scheduled loan balance. If the Balance loan is serviced on a scheduled balance basis Escrow Balance A Current balance of escrow account Number (borrower's positive funds).

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Interest Advances has the meaning set forth in Section 2.01.

Interest Advances. (including any Advancing Agent Fee, Nonrecoverable Advances (as defined in the CDO Indentures) and any applicable interest thereon) relating to the Subordinated Interest Advance Amounts received under the CDO Indentures (but only to the extent CWCI is not entitled to such repayments and reimbursements under the payment priorities set forth in Section 3(c)), in trust, as trustee, for the benefit of GKKL, subject to Section 3(c) and the terms hereof; and, in each case, to the extent required hereunder, shall promptly pay over and deliver, or shall cause to be promptly paid-over and delivered, all such amounts, directly to the applicable Subordinated Gramercy Parties in all cases unconditionally, without reduction, set-off or any other limitation, to a bank account designated in writing by the Subordinated Gramercy Parties, it being understood and agreed that the Senior Advancing Parties shall have no interest in or right to any such amounts other than as provided in this Agreement. The Senior Advancing Parties agree not to initiate or prosecute any claim, action or other proceeding challenging the enforceability of any of the Subordinated Gramercy Parties’ claims hereunder.

Examples of Interest Advances in a sentence

• If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

• FHA 27011A Transmitted Date FHA 27011A Transmitted Date FHA 27011B Transmitted Date FHA 27011B Transmitted Date FHA Case # FHA Case # FHA Part A Funds Received Date FHA Part A Funds Received Date First Payment Date First Payment Date Foreclosure Actual Sale Date Date F/C Sale Held VA Guarantee % VA Guarantee % Interest Advances Interest Advances Investor Loan Number Investor Loan Number INVESTOR/SECURITY BILLING SENT DATE Date claim submitted to investor Liquidation Status Type of PIF, S/S, 3rd Party etc.

• With respect to each Simple Interest Receivable, the Simple Interest Advance shall increase Outstanding Simple Interest Advances.

• If such calculation results in a negative number, an amount equal to such negative number shall be paid to the Servicer and the amount of Outstanding Simple Interest Advances shall be reduced by such amount.

• If such a calculation in respect of a Simple Interest Receivable results in a negative number, an amount equal to such negative amount shall be paid to the Servicer in reimbursement of any outstanding Simple Interest Advances made with respect to such Receivable.

• FHA 27011A Transmitted Date FHA 27011A Transmitted Date FHA 27011B Transmitted Date FHA 27011B Transmitted Date FHA Case # FHA Case # FHA Part A Funds Received Date FHA Part A Funds Received Date First Payment Date First Payment Date Foreclosure Actual Sale Date Date F/C Sale Held VA Gaurantee % VA Gaurantee % Interest Advances Interest Advances Investor Loan Number Investor Loan Number INVESTOR/SECURITY BILLING SENT DATE Date claim submitted to investor Liquidation Status Type of PIF, S/S, 3rd Party etc.

• In addition, in the event that a Simple Interest Receivable becomes a Liquidated Receivable, Liquidation Proceeds with respect to such Simple Interest Receivable attributable to accrued and unpaid interest thereon (but not including interest for the then current Collection Period) shall be paid to the Servicer to reduce Outstanding Simple Interest Advances, but only to the extent of any Outstanding Simple Interest Advances.

• In addition, in the event that a Simple Interest Receivable becomes a Liquidated Receivable, the amount of accrued and unpaid interest thereon (but not including interest for the current Collection Period) shall, up to the amount of any outstanding Simple Interest Advances made with respect to such Receivable, be withdrawn from the Collection Account and paid to the Servicer in reimbursement of such outstanding Simple Interest Advances.

• In addition, in the event that a Simple Interest Receivable becomes a Liquidated Receivable, Liquidation Proceeds with respect to a Simple Interest Receivable attributable to accrued and unpaid interest thereon (but not including interest for the then current Collection Period) shall be paid to the Servicer to reduce Outstanding Simple Interest Advances, but only to the extent of any Outstanding Simple Interest Advances.

• In addition, Liquidation Proceeds with respect to a Simple Interest Receivable allocable to accrued and unpaid interest thereon (but not including interest for the then current Monthly Period) shall be paid to the Servicer but only to the extent of any Outstanding Simple Interest Advances.

More Definitions of Interest Advances

Interest Advances means Advances drawn and used to pay interest on Commercial

Interest Advances means, as the context may require, any one or more of the following: Steamboat Interest Advances, Canyons Interest Advances, *Sugarbush Interest Advances and/or *Sugarloaf Interest Advances.

Interest Advances means, with respect to a CDO Issuer, “Interest Advances” within the meaning of the applicable CDO Agreements.

Interest Advances as defined in subsection 2.1(d).

Interest Advances collectively, the Term Loan A Interest Advances and the Term Loan B Interest Advances.