Lien Administration Expenses definition

Lien Administration Expenses. As defined in the Servicing Agreements.
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Lien Administration Expenses. All expenses (exclusive of Overhead Expenses) determined by the Servicer to be necessary or desirable in connection with performing its duties hereunder, the pursuit of any Collections or the foreclosure of, or other realization (such realization to include, but not be limited to, Tax Lien redemptions) upon, the Tax Liens, and the operation and maintenance of REO Properties, and the protection of the interests and enforcement of the rights of the Issuer and the Indenture Trustee in any matter relating to their duties hereunder, including, (i) fees and expenses related to the foreclosure process generally and to specific foreclosure proceedings such as recording, filing and other court-related fees; (ii) postage relating to servicing activities, the cost of credit reports, skip trace, bankruptcy, lien and title searches and asset location data base and research services; (iii) the cost of all title, hazard, flood, environmental and public liability insurance policies and any other asset specific insurance policy required or deemed appropriate under the terms hereof (whether paid with respect to an REO Property or advanced with respect to a Tax Lien), as well as the cost of any deductible relating thereto; (iv) the reasonable fees (including attorney incentive fees) and disbursements of all counsel and trustees retained in connection with such foreclosure and other realization proceedings, both individually and collectively; (v) expenses relating to appraisals, property inspections and valuations; (vi) all expenses related to environmental assessments and the preparation of reports in connection therewith pursuant to Section 9.01(d) hereof; (vii) the cost of clean-up of Hazardous Materials and any other environmental remediation (including associated penalties) necessary to enable the commencement or completion of foreclosure proceedings or to bring REO Properties into compliance with applicable environmental Laws; (viii) the cost of complying with applicable Laws relating to REO Properties; (ix) ordinary and necessary expenses in connection with REO Properties, including fees of any property management company; (x) the reasonable fees and disbursements of all counsel retained in connection with proceedings relating to the Tax Liens or the Properties, including landlord/ tenant proceedings and proceedings involving the Issuer or the Indenture Trustee; (xi) all taxes on REO Properties; (xii) capital expenditures necessary to place REO Properties in saleable c...
Sample 1
Lien Administration Expenses. All expenses (exclusive of Overhead Expenses) determined by the Servicer to be necessary or desirable in connection with performing its duties hereunder, the pursuit of any Collections or the foreclosure of, or other realization (such realization to include, but not be limited to, Tax Lien redemptions) upon, the Tax Liens, and the operation and maintenance of REO Properties, and the protection of the interests and enforcement of the rights of the Issuer in any matter relating to their duties hereunder, including,
Sample 1

Examples of Lien Administration Expenses in a sentence

  • Any reasonable expenses incurred by the Servicer in negotiating and monitoring the terms and conditions of forbearance shall be considered Lien Administration Expenses.

  • Any reasonable expenses incurred by the Servicer in preparing such Property Inspection Reports shall be considered Lien Administration Expenses.

  • The Servicer shall, prior to and until the date of execution of an Indenture, pay Lien Administration Expenses from amounts withdrawn from the Initial Working Capital Reserve Fund.

  • The Servicer also will be reimbursed for any Lien Administration Expenses paid by it on the Early Termination Date, but only if the Closing Date has not occurred, as provided in Section 2.02(b) of the Paying Agent and Custody Agreement.

  • The Servicer shall, after the date of execution of the Indenture in connection with the issuance of Bonds, pay Lien Administration Expenses from amounts withdrawn from the Working Capital Reserve Fund or from advances made by the Indenture Trustee pursuant to Section 6.14(b) of the Indenture.

  • The Servicer shall pay Lien Administration Expenses from amounts withdrawn from the Working Capital Reserve Fund.

  • For all purposes of this Agreement, Collections received with respect to any Tax Lien shall be deemed to be applied (A) first, to reduce the portion of the Adjusted Redemptive Value thereof representing recoverable Lien Administration Expenses relating to such Tax Lien, (B) second, to reduce the portion of the Adjusted Redemptive Value thereof representing interest accrued thereon, as applicable, and (C) third, to reduce that portion of the Adjusted Redemptive Value thereof representing principal.

  • The Servicer shall request, pursuant to Section 4.03(c) of the Paying Agent and Custody Agreement, that the Bank withdraw from the Working Capital Reserve Fund such amounts as will be sufficient to pay Lien Administration Expenses as they become due and payable.


More Definitions of Lien Administration Expenses

Lien Administration Expenses means all expenses (exclusive of overhead expenses) determined by the Servicer to be necessary or desirable in connection with performing its duties under the Servicing Agreement, the pursuit of any Collections or the foreclosure of, or other realization upon, the Texas Tax Lien Assets, the operation and maintenance of REO Properties, and the protection of the interests and enforcement of the rights of the Issuer and the Indenture Trustee in any matter relating to their duties under the Servicing Agreement.
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Related to Lien Administration Expenses

  • Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursements.

  • Administrative Expenses means (i) all administrative and operating costs and expenses incurred by the Partnership, (ii) those administrative costs and expenses of the General Partner, including any salaries or other payments to directors, officers or employees of the General Partner, and any accounting and legal expenses of the General Partner, which expenses, the Partners have agreed, are expenses of the Partnership and not the General Partner, and (iii) to the extent not included in clause (ii) above, REIT Expenses; provided, however, that Administrative Expenses shall not include any administrative costs and expenses incurred by the General Partner that are attributable to Properties or partnership interests in a Subsidiary Partnership (other than this Partnership) that are owned by the General Partner directly.

  • Post-secondary education costs means tuition and other fees associated with obtaining credit from a post-secondary educational institution.

  • Administrative Costs means all costs and expenses associated with providing notice of the Class Settlement Agreement to the Settlement Class, Claims Administration, and otherwise administering and carrying out the terms of this Class Settlement Agreement.