Expense Advance means a payment to Indemnitee pursuant to Section 3 of Expenses in advance of the settlement of or final judgement in any action, suit, proceeding or alternative dispute resolution mechanism, hearing, inquiry or investigation which constitutes a Claim.
Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.
L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.
SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.
Nonrecoverable Advances With respect to any Mortgage Loan, (i) any Servicing Advance or Monthly Advance previously made and not reimbursed pursuant to Section 3.03(ii) or (ii) a Servicing Advance or Monthly Advance proposed to be made in respect of a Mortgage Loan or REO Property which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Seller and the Trustee no later than the Business Day following such determination, would not be ultimately recoverable pursuant to Section 3.03(ii).
Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.
Final Advance means an Advance made pursuant to Section 2.02(d).
PMI Advance As defined in the related Servicing Agreement, if applicable.
Nonrecoverable P&I Advance Any P&I Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer using Accepted Servicing Practices, will not or, in the case of a proposed P&I Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.
Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.
P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note(s) securitized pursuant to such Securitization Servicing Agreement.
Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.
Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.
Revolving Advance has the meaning given in Section 2.1.
Swingline Loan means a Loan made pursuant to Section 2.05.
Indemnitee has the meaning assigned to such term in Section 9.03(b).
SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.
Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.
RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.
Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.
Provider Advance means a Downgrade Advance or a Non-Extension Advance.
Indemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the insurer or its representatives.
Nonrecoverable Servicing Advance Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Master Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.
Unpaid Advance has the meaning assigned to such term in Section 2.05.
Participation Advance shall have the meaning set forth in Section 2.12(d).
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: