Servicer Advance Date definition

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

Servicer Advance Date. As to any Distribution Date, the related Servicer Remittance Date.

Servicer Advance Date. As to any Distribution Date, the 18th day of each calendar month, or if such 18th day is not a Business Day, the immediately succeeding Business Day.

Examples of Servicer Advance Date in a sentence

• The Master Servicer shall deliver to the Trustee on the related Master Servicer Advance Date an Officer's Certificate of a Servicing Officer indicating the amount of any proposed Advance determined by the Master Servicer to be a Nonrecoverable Advance.

• Any funds so applied shall be replaced by the Master Servicer by deposit in the Certificate Account no later than the close of business on the next Master Servicer Advance Date.

• If the Master Servicer determines it is required to make an Advance, it shall, on or before the Master Servicer Advance Date, either (i) deposit into the Certificate Account an amount equal to the Advance or (ii) make an appropriate entry in its records relating to the Certificate Account that any Amount Held for Future Distribution has been used by the Master Servicer in discharge of its obligation to make any such Advance.

• The Master Servicer shall determine on or before each Master Servicer Advance Date whether it is required to make an Advance pursuant to the definition thereof.

• The Servicer shall determine on or before each Servicer Advance Date whether it is required to make a Periodic Advance pursuant to the definition thereof.

More Definitions of Servicer Advance Date

Servicer Advance Date. The date on which the Servicer is required to make a Monthly Advance pursuant to Section 5.04 hereof.

Servicer Advance Date. As to any Distribution Date, the Business Day immediately preceding the related Servicer Remittance Date.

Servicer Advance Date. As to any Distribution Date, 11:30 a.m., Eastern time, on the Remittance Date.

Servicer Advance Date. The date on which each Servicer is required to make a Servicer Advance pursuant to the applicable Servicing Agreement.

Servicer Advance Date. As to any Distribution Date, the third Business Day following the end of the related Prepayment Period.

Servicer Advance Date. With respect to National City, Bank of America, WAMU, Chase, , as to any Distribution Date, the 18th day of each calendar month, or if such 18th day is not a Business Day, the immediately succeeding Business Day. With respect to GMAC, Cendant and First Horizon, as to any Distribution Date, the 18th day of each calendar month, or if such 18th day is not a Business Day, the immediately preceding Business Day.

Servicer Advance Date. As to any Distribution Date, the 18th day of the month in which such Distribution Date occurs, or if such day is not a Business Day, the next succeeding Business Day. Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Servicer of its servicing obligations, including, but not limited to, the cost of (a) the preservation, restoration and protection of a Mortgaged Property, (b) the foreclosure, trustee's sale, or other liquidation of any Mortgage or Mortgaged Property, (c) any expenses reimbursable to the Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (d) the management and liquidation of any REO Property, (e) compliance with the obligations described in Section 3.06 and (f) any payments made by the Servicer pursuant to Section 3.09.