MBS Advance Reimbursement Amounts definition

MBS Advance Reimbursement Amounts means any Advance Reimbursement Amounts related to reimbursements for previously made MBS Advances.
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MBS Advance Reimbursement Amounts. Any Advance Reimbursement Amounts related to reimbursements for previously made MBS Advances.
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MBS Advance Reimbursement Amounts. Any Advance Reimbursement Amounts related to reimbursements for previously made MBS Advances. MBS Advance VFN: Any Series of Variable Funding Notes designated in the related Indenture Supplement as available and solely to be drawn upon following the Servicer’s failure to pay a required MBS Advance, or following any other default by the Servicer under the Xxxxxx Mae Contract, to make the full required cure payment on the related MBS and preserve the Indenture Trustee’s rights under the Acknowledgment Agreement. As of the Effective Date, the Series 2016-MBSADV1 Notes are the sole Series of MBS Advance VFNs.
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Examples of MBS Advance Reimbursement Amounts in a sentence

  • On each Payment Date (and, with respect to MBS Advance Reimbursement Amounts, on the third Business Day of each week other than the week of a Payment Date or Interim Payment Date), the Indenture Trustee shall transfer from the Collection and Funding Account (and, with respect to MBS Advance Reimbursement Amounts, all such amounts on deposit in the Advance Reimbursement Available Funds Subaccount) to the Note Payment Account all funds then on deposit therein.

Related to MBS Advance Reimbursement Amounts

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Reimbursement Amounts As defined in Section 3.22.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Reimbursement Amount As defined in Section 2.04.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

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

  • Maximum Advance Amount in respect of each Advance Notice means the greater of: (i) an amount equal to 100% of the average Daily Traded Amount during the five Trading Day immediately preceding an Advance Notice, or (ii) 5,000,000 Common Shares.

  • Period Servicing Amount means, for any twelve month period with respect to each of the Shared-Loss Agreements during which the loss-sharing provisions of the applicable Shared-Loss Agreement are in effect, the product of (i) the simple average of the principal amount of Shared-Loss Loans and Shared-Loss Assets (other than the Shared-Loss Securities) (in each case as defined in the Shared-Loss Agreements), as the case may be, at the beginning of such period and at the end of such period times (ii) one percent (1%).

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.