Loan Borrower Reimbursable Trust Fund Expenses definition

Loan Borrower Reimbursable Trust Fund Expenses. Any amounts payable or reimbursable from the Loan Borrower pursuant to Section 13.2 of the Loan Agreement.
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Loan Borrower Reimbursable Trust Fund Expenses. All costs, expenses and fees of the Trust, the Servicer, the Special Servicer, the Certificate Administrator or the Trustee resulting from defaults or the occurrence of a Special Servicing Loan Event pursuant to this Agreement (including enforcement expenses and any Liquidation Fees, Work-out Fees, Special Servicing Fees, or any other similar fees and interest payable on advances made by the Servicer, the Special Servicer, the Certificate Administrator or the Trustee with respect to delinquent debt service payments or expenses of curing the Borrowers’ defaults under the Loan Documents, and any expenses paid by the Servicer, the Special Servicer, the Certificate Administrator or the Trustee in respect of the protection and preservation of any Property, such as payment of taxes and insurance premiums); and the costs of all property inspections and/or appraisals (or any updates to any existing inspection or appraisal) that the Servicer or the Special Servicer may be required to obtain pursuant to this Agreement due to a default under the Whole Loan or the occurrence of a Special Servicing Loan Event pursuant to this Agreement, in each case to the extent such costs, expenses and fees are reimbursable by such Loan Borrower as provided for in the Loan Agreement, and any other costs, expenses and fees to be paid by the Borrowers under Section 9.17(f) of the Loan Agreement.
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Loan Borrower Reimbursable Trust Fund Expenses. All costs, expenses and fees of the Trust, the Servicer, the Special Servicer, the Certificate Administrator or the Trustee resulting from defaults or the occurrence of a Special Servicing Loan Event pursuant to this Agreement (including enforcement expenses and any Liquidation Fees, Workout Fees, Special Servicing Fees, or any other similar fees and interest payable on advances made by the Servicer, the Special Servicer, the Certificate Administrator or the Trustee with respect to delinquent debt service payments or expenses of curing the Loan Borrower’s defaults under the Loan Documents, and any expenses paid by the Servicer, the Special Servicer, the Certificate Administrator or the Trustee in respect of the protection and preservation of the Property, such as payment of taxes and insurance premiums); and the reasonable out-of-pocket costs of all property inspections and/or appraisals (or any updates to any existing inspection or appraisal) that the Servicer or the Special Servicer may be required to obtain pursuant to this Agreement due to a default under the Whole Loan or the occurrence of a Special Servicing Loan Event pursuant to this Agreement, in each case to the extent such costs, expenses and fees are reimbursable by such Loan Borrower as provided for in the Loan Agreement, and any other costs, expenses and fees to be paid by the Loan Borrower under the Loan Agreement.
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More Definitions of Loan Borrower Reimbursable Trust Fund Expenses

Loan Borrower Reimbursable Trust Fund Expenses. All out-of-pocket costs, expenses and fees of the Trust, the Servicer, the Special Servicer, the Certificate Administrator or the Trustee resulting from defaults or reasonably imminent defaults or requests (including enforcement expenses and any Liquidation Fees, Workout Fees, Special Servicing Fees, or any other similar fees and interest payable on advances made by the Servicer, the Special Servicer, the Certificate Administrator or the Trustee with respect to delinquent debt service payments or expenses of curing the Loan Borrowers’ defaults under the Loan Documents, and any expenses paid by the Servicer, the Special Servicer, the Certificate Administrator or the Trustee in respect of the protection and preservation of any Property, such as payment of taxes and insurance premiums); and the costs of all property inspections and/or appraisals (or any updates to any existing inspection or appraisal) that the Servicer or the Special Servicer may be required to obtain pursuant to this Agreement due to a request by the Loan Borrowers or default under the Whole Loan, in each case to the extent such costs, expenses and fees are reimbursable by such Loan Borrower as provided for in the Loan Agreement, and any other costs, expenses and fees to be paid by the Loan Borrowers under Section 9.17 of the Loan Agreement.
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Related to Loan Borrower Reimbursable Trust Fund Expenses

  • Extraordinary Trust Fund Expenses Any amounts reimbursable to the Master Servicer or the Depositor pursuant to Section 6.03, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts reimbursable to the Trustee, the Trust Administrator, Citibank or a Custodian from the Trust Fund pursuant to Section 2.01 or Section 8.05 and any other costs, expenses, liabilities and losses borne by the Trust Fund (exclusive of any cost, expense, liability or loss that is specific to a particular Mortgage Loan or REO Property and is taken into account in calculating a Realized Loss in respect thereof) for which the Trust Fund has not and, in the reasonable good faith judgment of the Trust Administrator, shall not, obtain reimbursement or indemnification from any other Person.

  • Trust Fund Expenses shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Additional Trust Fund Expenses (i) Special Servicing Fees, Workout Fees and Liquidation Fees, (ii) interest in respect of unreimbursed Advances, (iii) the cost of various default-related or unanticipated Opinions of Counsel required or permitted to be obtained in connection with the servicing of the Mortgage Loans and the administration of the Trust Fund, (iv) unanticipated, non-Mortgage Loan specific expenses of the Trust Fund, including indemnities and expense reimbursements to the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and the Depositor and federal, state and local taxes, and tax-related expenses, specifically payable out of the Trust Fund, (v) any fees or expenses that are expressly designated as an Additional Trust Fund Expense pursuant to any provision of this Agreement and (vi) any other default-related or unanticipated expense of the Trust Fund that is not covered by a Property Advance and for which there is no corresponding collection from a Mortgagor.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Extraordinary Trust Fund Expense Any amounts reimbursable to the Trustee, or any director, officer, employee or agent of the Trustee, from the Trust Fund pursuant to Section 8.05, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii) and any amounts payable by the Trustee for the recording of the assignments of mortgage pursuant to Section 2.01.

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Administrative Costs means all costs and expenses associated with providing notice of the Settlement to the Settlement Class and otherwise administering or carrying out the terms of the Settlement. Such costs may include, without limitation: escrow agent costs, the costs of publishing the summary notice, the costs of printing and mailing the Notice and Proof of Claim, as directed by the Court, and the costs of allocating and distributing the Net Settlement Fund to the Authorized Claimants. Such costs do not include legal fees.

  • Broken Funding Costs means for any Purchaser Interest which: (i) has its Capital reduced without compliance by Seller with the notice requirements hereunder or (ii) does not become subject to an Aggregate Reduction following the delivery of any Reduction Notice or (iii) is assigned under Article XIII or terminated prior to the date on which it was originally scheduled to end; an amount equal to the excess, if any, of (A) the CP Costs or Yield (as applicable) that would have accrued during the remainder of the Tranche Periods or the tranche periods for Commercial Paper determined by the Agent to relate to such Purchaser Interest (as applicable) subsequent to the date of such reduction, assignment or termination (or in respect of clause (ii) above, the date such Aggregate Reduction was designated to occur pursuant to the Reduction Notice) of the Capital of such Purchaser Interest if such reduction, assignment or termination had not occurred or such Reduction Notice had not been delivered, over (B) the sum of (x) to the extent all or a portion of such Capital is allocated to another Purchaser Interest, the amount of CP Costs or Yield actually accrued during the remainder of such period on such Capital for the new Purchaser Interest, and (y) to the extent such Capital is not allocated to another Purchaser Interest, the income, if any, actually received during the remainder of such period by the holder of such Purchaser Interest from investing the portion of such Capital not so allocated. In the event that the amount referred to in clause (B) exceeds the amount referred to in clause (A), the relevant Purchaser or Purchasers agree to pay to Seller the amount of such excess. All Broken Funding Costs shall be due and payable hereunder upon demand.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Extraordinary Trust Expenses shall have the meaning specified in the Standard Terms.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Available Master Servicer Compensation With respect to any Distribution Date, the sum of (a) the Master Servicing Fee for such Distribution Date, (b) interest earned through the business day preceding the applicable Distribution Date on any Prepayments in Full remitted to the Master Servicer and (c) the aggregate amount of Month End Interest remitted by the Servicers to the Master Servicer pursuant to the related Servicing Agreements.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

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

  • 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.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Administrative Fees shall have the meaning assigned to such term in Section 2.06(b).

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Administrative Fee is defined in Section 4.1(a).

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.