Examples of Reimbursement Rights in a sentence
XII.Subrogation and Reimbursement Rights The benefits under this Plan will be available to a Member for injury or illness caused by another party, subject to the exclusions and limitations of this Plan.
If any amount should be paid to Grantor on account of any Reimbursement Rights at any time when any the Third Party Secured Obligations have not been paid in full, such amount shall be held in trust for Beneficiary and shall immediately be paid over to Beneficiary to be credited and applied against the Third Party Secured Obligations, whether matured or unmatured, in accordance with the terms of the Loan Documents.
Delinquency Advance Reimbursement Rights The right to payment of the Supplemental Servicing Fee and the right to reimbursement for Supplemental Delinquency Advances shall be evidenced by a negotiable certificate (a "Supplemental Servicing Certificate") in the form attached hereto as Exhibit III if the owner of the Supplemental Delinquency Advances so requests of the Trustee in writing.
To the extent Grantor’s waiver of Reimbursement Rights is found by a court of competent jurisdiction to be void or voidable for any reason, any Reimbursement Rights Grantor may have against any other Borrower or any collateral or security shall be junior and subordinate to any rights Beneficiary may have against such Borrower and to all right, title and interest Beneficiary may have in any such collateral or security.
Each of the Parties agrees, and expressly acknowledges its understanding, that if Xxxxxxx Mac exercises its right to suspend or terminate Servicer’s eligibility to service Mortgage loans for Xxxxxxx Mac, the Reimbursement Assignments and Pledge shall continue in full force with respect to the Reimbursement Rights, subject to the terms of this Agreement.
Xxxxxxx Mac will have no obligation to confirm with the Servicer or Indenture Trustee any such direction or payment made by Xxxxxxx Mac relating to the Reimbursement Rights arising out of or relating to this Agreement.
During the term of this Agreement, all payments, if any, made by Xxxxxxx Mac relating to the Reimbursement Rights will be paid directly to the account described in Schedule C hereto (the “Clearing Account”), and Indenture Trustee and Administrative Agent each expressly acknowledge their understanding that the Clearing Account is not a blocked or restricted account subject to control in favor of a secured party.
Historically, arbitrators were able to uphold future grievances based on expired bargaining agreement provisions or past practice.● Lack of Reimbursement Rights.
XII.Subrogation and Reimbursement Rights The benefits under this Plan will be available to a Member for injury or illness caused by another party, subject to the exclusions and limitations of this Plan.
To the extent Mortgagor’s waiver of Reimbursement Rights is found by a court of competent jurisdiction to be void or voidable for any reason, any Reimbursement Rights Mortgagor may have against any other Borrower or any collateral or security shall be junior and subordinate to any rights Mortgagee may have against such Borrower and to all right, title and interest Mortgagee may have in any such collateral or security.