Interest on Advances definition
Interest on Advances. Interest shall accrue from the date of each Advance under the Line of Credit at one of the following rates, as quoted by the Bank and as elected by the Borrower below:
Interest on Advances. Escrow Balance: Other Advances: Suspense Balance: Servicing Advance Holdbacks: Restricted Escrow: Property Inspection: Rental Income Received: BPO: __________________ *All amounts ill be itemized, and to the extent not itemized, this form will be accompanied by documentation supporting all amounts claimed on this form. Q-1
Interest on Advances. Escrow Balance: Other Advances: Suspense Balance: Servicing Advance Holdbacks: Restricted Escrow: Property Inspection: Rental Income Received: BPO: Insurance Settlement Received: Lender Placed Insurance: Other: Utilities: REO Repair Costs: Total Liquidation Proceeds: 0.00 Foreclosure Fees: Total Liquidation Expenses: 0.00 Bankruptcy: Net Liquidation Proceeds: 0.00 Eviction Costs: Loan Principal Balance: Transfer Tax: Realized Gain/Loss Amount: 0.00 Reconveyance Fees: Additional Proceeds Applied: Demand Fee: Prior Additional Proceeds: Total Holdbacks: 0.00 Loss Severity: #DIV/0! Other Fees (Including Fee Code B): Notes: UPB Accrued Interest to ▇▇▇: 0.00 Advanced Delinquent Interest: 0.00 Stopped Delinquent Interest: Deferred Interest: Additional Interest: Total Liquidation Expenses: 0.00 EXHIBIT R RELEVANT SERVICING CRITERIA The assessment of compliance to be delivered by the Master Servicer and the Trust Administrator shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria" with respect to such party: Where there are multiple checks for criteria the attesting party will identify in their management assertion that they are attesting only to the portion of the distribution chain they are responsible for in the related transaction agreements. ------------------------ ------------------------------------------------------ ------------------------ ------------------------ ------------------------ Regulation AB Reference Servicing Criteria Servicers Master Servicer Trust Administrator ------------------------ ------------------------------------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------------------------------------ ----------------- ---------------- ----------------- ----------------- General Servicing Considerations ------------------------ ------------------------------------------------------ ----------------- ---------------- ----------------- -----------------
Examples of Interest on Advances in a sentence
Interest on Advances shall be payable in arrears on the first day of each month with respect to Domestic Rate Loans and, with respect to Eurodollar Rate Loans, at the end of each Interest Period.
Interest on Advances shall be payable in arrears on the first day of each month with respect to Domestic Rate Loans and, with respect to Eurodollar Rate Loans, at the end of each Interest Period or, for Eurodollar Rate Loans with an Interest Period in excess of three months, at the earlier of (a) each three months from the commencement of such Eurodollar Rate Loan or (b) the end of the Interest Period.
If requested by the Administrative Agent, the Borrower shall pay all accrued and unpaid Interest on Advances prepaid on the date of such prepayment.
Interest on Advances shall be payable in arrears on the first day of each month with respect to Domestic Rate Loans and, with respect to LIBOR Rate Loans, at the end of each Interest Period, provided further that all accrued and unpaid interest shall be due and payable at the end of the Term.
Interest on Advances shall be payable in arrears on the last day of each month.
More Definitions of Interest on Advances
Interest on Advances shall be payable in arrears on the first Business Day of each month with respect to Domestic Rate Loans and, with respect to Eurodollar Rate Loans, at the end of 33 each Interest Period, and if such Interest Period is longer than three (3) months, also on the 90th day of such Interest Period. Interest charges shall be computed on the actual principal amount of Advances outstanding during the month (the "Monthly Advances") at a rate per annum equal to, with respect to Revolving Advances, the applicable Revolving Interest Rate. Whenever, subsequent to the date of this Agreement, the Alternate Base Rate is increased or decreased, the Revolving Interest Rate for Domestic Rate Loans shall be similarly changed without notice or demand of any kind by an amount equal to the amount of such change in the Alternate Base Rate during the time such change or changes remain in effect. The Eurodollar Rate shall be adjusted with respect to Eurodollar Rate Loans without notice or demand of any kind on the effective date of any change in the Reserve Percentage as of such effective date. Upon and after the occurrence of an Event of Default, and during the continuation thereof, (A) the Obligations other than Eurodollar Rate Loans shall bear interest at the Revolving Interest Rate for Domestic Rate Loans plus two percent (2%) per annum and (B) Eurodollar Rate Loans shall bear interest at the Revolving Interest Rate for Eurodollar Rate Loans plus two percent (2%) per annum (as applicable, the "Default Rate").
Interest on Advances. Interest shall accrue from the date of each Advance under the Equipment Purchase Facility at one of the following rates, as quoted by the Bank and as elected by the Borrowers pursuant to Subsection (i) or Subsection (ii) or Subsection (iii) below:
Interest on Advances. Escrow Balance: Other Advances: Suspense Balance: Servicing Advance Holdbacks: Restricted Escrow: Property Inspection: Rental Income Received: BPO:
Interest on Advances shall be payable in arrears on the first day of each month with respect to Domestic Rate Loans and, with respect to Eurodollar Rate Loans, at the end of each Interest Period or, for Eurodollar Rate Loans with an Interest Period in excess of three months, at the earlier of (a) each three months from the commencement of such Eurodollar Rate Loan or (b) the end of the Interest Period. Interest charges shall be computed on the actual principal amount of Advances outstanding during the month at a rate per annum equal to the applicable Interest Rate. Whenever, subsequent to the date of this Agreement, the Alternate Base Rate is increased or decreased, the Interest Rate for Domestic Rate Loans shall be similarly changed without notice or demand of any kind by an amount equal to the amount of such change in the Alternate Base Rate during the time such change or changes remain in effect. Notwithstanding the foregoing, Agent acknowledges that it will give Borrowers notice of such change in the Alternate Base Rate, however such notice may be given after the change is in effect. The Eurodollar Rate shall be adjusted with respect to Eurodollar Rate Loans without notice or demand of any kind on the effective date of any change in the Reserve Percentage as of such effective date. Upon and after the occurrence of an Event of Default, and during the continuation thereof, at the option of Agent or at the direction of Required Lenders, the Obligations shall bear interest at the applicable Interest Rate plus two (2%) percent per annum (the "Default Rate").
Interest on Advances. Interest shall accrue from the date of each Advance under the AR Line of Credit at a variable rate per annum equivalent to the Reference Rate plus 2% (the "Variable Rate"). Interest shall be adjusted concurrently with any change in the Reference Rate. An Advance based upon the Variable Rate is hereinafter referred to as a "Variable Rate Advance". Interest shall be computed on the basis of 360 days per year, but charged on the actual number of days elapsed. Each Borrower hereby jointly and severally promises and agrees to pay interest in arrears on the last calendar day of each month. If interest is not paid as and when it is due, it shall be added to the principal, become and be treated as a part thereof, and shall thereafter bear like interest.
Interest on Advances shall be payable in arrears on the last day of each month. Interest charges shall be computed on the actual principal amount of Revolving Advances outstanding at the end of each day at a rate per annum equal to the Revolving Interest Rate for Domestic Rate Loans and the Average Monthly LIBOR Rate with respect to LIBOR Rate Loans. Commencing thirty (30) days after the due date for any financial statement required hereunder which financial statement indicates the occurrence of an Event of Default, and during the continuation of such Event of Default, the Obligations shall bear interest at the applicable Revolving Interest Rate plus two (2%) percent per annum (the "Default Rate")."
Interest on Advances. For the Initial Advance, 10.25% per annum. For all subsequent Advances, a fixed interest rate per annum, which shall be equal to the greater of (a) 10.25% and (b) the sum of 9.21% plus the Three-Year U.S. Treasuries Rate determined as of the date of each such subsequent Advance. Facility Fee: 1.0% per annum of the Facility Amount, payable on the Closing Date and, thereafter, annually in advance on each anniversary date of this Agreement (but not including the Final Advance Date).