Servicing Advance Facility definition

Servicing Advance Facility means any funding arrangement with lenders collateralized in whole or in part by obligations related to Servicing Advances under which advances are made to the Issuer or any of its Restricted Subsidiaries based on such collateral.

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Servicing Advance Facility means any funding arrangement with lenders collateralized in whole or in part by Servicing Advances under which advances are made to the Company or any of its Restricted Subsidiaries based on such collateral.

Servicing Advance Facility means any funding arrangement with a lender, lenders or an indenture trustee, acting on behalf of noteholders, secured by the right to be reimbursed for Servicer Advances made by the Borrower or a special purpose subsidiary of the Borrower as servicer under one or more Servicing Contracts under which financing advances are made to the Borrower based on such advance reimbursement rights (whether or not covered by an Acknowledgment Agreement).

Examples of Servicing Advance Facility in a sentence

Ocwen and Servicer each acknowledges and agrees that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance Facility pursuant to which Servicer has transferred Servicer Advances made pursuant to a Servicing Agreement is an express third party beneficiary of this Subservicing Supplement and the Subservicing Agreement solely with respect to the Servicing Agreements related to such Servicing Advance Facility.
With respect to the Encumbered Assets, (i) the Residual Interests (other than reserve accounts) held by the Borrower or any Restricted Subsidiary in any related Servicing Advance Facility, MSR Facility or Warehouse Facility, as applicable, are not subject to any Lien (other than Liens permitted under Sections 6.01(i), (ii) or (viii)) and (ii) the Borrower or a Restricted Subsidiary has valid title to all Encumbered Assets.
The Servicing Advance Facility Agreements, the Repo Transaction Documents and the MSFTAs are referred to herein each as a “Warehouse Facility Agreement” and collectively as the “Warehouse Facility Agreements”.
The Borrower shall not enter into any Servicing Advance Facility with respect to any Servicing Receivables related to Ginn▇▇ ▇▇▇ ▇▇▇tgage Loans, or grant or permit to exist any Lien upon any Servicing Receivables related to Ginn▇▇ ▇▇▇ ▇▇▇tgage Loans.
The Borrower shall not enter into any Servicing Advance Facility with respect to any Servicing Receivables related to ▇▇▇▇▇▇ ▇▇▇ Mortgage Loans, or grant or permit to exist any Lien upon any Servicing Receivables related to ▇▇▇▇▇▇ ▇▇▇ Mortgage Loans.

More Definitions of Servicing Advance Facility

Servicing Advance Facility means, with respect to each Subject Servicing Agreement, any financing arrangement entered into by Servicer to finance Servicing Advances made pursuant to such Subject Servicing Agreement.

Servicing Advance Facility means any funding arrangement with lenders collateralized in whole or in part by Servicing Advances (and/or reimbursement rights therefor) under which advances are made to the Borrower or any Restricted Subsidiaries based on such collateral.

Servicing Advance Facility means any funding arrangement with lenders based in whole or in part upon Servicing Advances under which advances are made to the Borrower or any of its Subsidiaries.

Servicing Advance Facility. That certain Servicing Advance Facility, to be entered into between Greenwich Capital Financial Products, Inc. (or its Affiliates) and the Loan Originator (or its Affiliates) in order to provide the Loan Originator (or its Affiliates) with financing for servicing advances.

Servicing Advance Facility means any credit facility, securitization facility or other financing facility obtained by the Borrower or any of its Subsidiaries in connection with the financing of any Servicing Advance Assets.

Servicing Advance Facility means any funding arrangement with lenders collateralized in whole or in part by Servicing Advances under which

Servicing Advance Facility means any funding arrangement with banks, lenders, investors or other Persons collateralized in whole or in part by Servicing Advances or, to the extent permitted by Section 6.14, the Equity Interests of any Servicing Advance Entity, under which advances are made to Parent or any of its Subsidiaries based on such collateral. “Servicing Advances” means advances made by Parent or any of its Subsidiaries in its capacity as servicer of any mortgage-related receivables to fund principal, interest, escrow, foreclosure, insurance, tax or other payments or advances when the borrower on the underlying receivable is delinquent in making payments on such receivable; to enforce remedies; or to manage and liquidate REO Assets; or that Parent or any of its Subsidiaries otherwise advances in its capacity as servicer. “Servicing Agreements” means any servicing agreements (including whole loan servicing agreements for portfolios of whole mortgage loans), pooling and servicing agreements, interim servicing agreements and other servicing agreements, and any other agreement governing the rights, duties and obligations of Parent or any of its Subsidiaries, including the ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇▇ Mac servicing guide, as a servicer, under such servicing agreements (including, for 33