Servicing Advance Receivables definition

Servicing Advance Receivables means rights to collections under mortgage related receivables of or other rights to reimbursement of Servicing Advances that the Company or a Restricted Subsidiary of the Company has made in the ordinary course of business and on customary industry terms.

Servicing Advance Receivables. “Purchased Servicing Advance Receivables” and “Security Interest”. The parties hereto agree that from and after the Effective Date, the terms “Servicing Advance Receivables” and “Purchased Servicing Advance Receivables” as used in the Original Acknowledgment Agreement, shall include and incorporate the Additional Servicing Advance Receivables and the term “Security Interest” as used in the Original Acknowledgment Agreement shall include and incorporate the Additional Security Interest.

Servicing Advance Receivables means rights to collections under mortgage related receivables of or other rights to reimbursement of Servicing Advances that the Issuer or a Restricted Subsidiary of the Issuer has made in the ordinary course of business and on customary industry terms.

Examples of Servicing Advance Receivables in a sentence

• With regard to the discount rate1 used for these calculations, the Group generally used the incremental rate of the lease payable on the date of first‐time application, which was determined taking into consideration, among other factors, the term of the arrangement, the economic climate of the country and the currency in which it was denominated and, when significant, the characteristics of the underlying asset.

• The sale and delivery to Holdings of the Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Holdings good and marketable title to the Servicing Advance Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing Advance Financing Agreements).

• Seller has not previouslyassigned, transferred or encumbered the Servicing Advance Receivables other than pursuant to the Agreement, this Sale Supplement and the Servicing Advance Financing Agreements.

• Purchaser and Seller agree to deliver the reports and other information specified on Schedule VI hereto at the times described on Schedule VI hereto in connection with origination of the Servicing Advance Receivables and the payment of the Servicing Advance Receivables Purchase Price on the related Servicing Advance Payment Dates.

• The partiesacknowledge and agree that any termination of Seller as servicer with respect to a Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason, other than as a result of a failure by Holdings to purchase Servicing Advance Receivables pursuant to Section 3.1, shall be deemed to be the result of a breach by Seller of its obligations under this Sale Supplement and the Agreement.

• Seller has not previously assigned, transferred or encumbered the Servicing Advance Receivables or DSF other than pursuant to the Agreement, this Sale Supplement and the Servicing Advance Financing Agreements.

• However, this 46 provision shall not be construed to prevent Union access to lobby areas or to areas 1 open to the general public.

• The sale and delivery to Purchaser of the Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable title to the Servicing Advance Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing Advance Financing Agreements).

• The partiesacknowledge and agree that any termination of Seller as servicer with respect to a Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason, other than as a result of a failure by Holdings to purchase Servicing Advance Receivables pursuant to S ection 3.1, shall be deemed to be the result of a breach by Seller of its obligations under this Sale Supplement and the Agreement.

• Borrower shall not take any action, or permit any other Person to take any action, to cause any of the Pledged Servicing Receivables to be evidenced by any “instrument” (as such term is defined in the Uniform Commercial Code), except in connection with the enforcement or collection of the Servicing Advance Receivables.

More Definitions of Servicing Advance Receivables

Servicing Advance Receivables means Aames Capital's right to recover monthly advances and servicing advances, or such comparable advances, in its capacity as servicer under the Pooling and Servicing Agreements listed on Schedule 8 attached hereto, and such other Governing Agreements identified by the Borrower to the Lender in writing from time to time, from whichever source of cash as is set forth in the Governing Agreements.

Servicing Advance Receivables means all rights of reimbursement of the Borrowers relating to amounts expended by the Borrowers, as servicer, or advanced to or on behalf of the Securitization Trusts created by the Borrowers, as servicer, for which the Borrowers are either entitled to reimbursement or for which the Borrowers will become entitled to reimbursement upon the liquidation of repossessed manufactured housing units relating to such advances or upon the taking of other action by the Borrowers, including without limitation, determining that certain of such expenditures or advances are unrecoverable from the underlying obligor or from proceeds of liquidation of the obligor's manufactured housing unit. Such Servicing Advance Receivables are commonly referred to as "Servicing Advances," "P&I Advances," "Escrow Advances" and "Liquidation Expenses."

Servicing Advance Receivables shall have the meaning given such term in the definition of “Pledged Servicing Receivables”.

Servicing Advance Receivables means rights to collections in respect of or other rights to reimbursement of Servicing Advances that Borrower or a Subsidiary of Borrower has made in the ordinary course of business and on customary industry terms.

Servicing Advance Receivables means reimbursement rights relating to advances made by Borrower or any of its Subsidiaries in its capacity as servicer of any mortgage loan or pool of mortgage loans to fund principal, interest, escrow, foreclosure, insurance, tax or other payments or advances when the borrower on the underlying mortgage loan is delinquent in making payments on such mortgage loan; to enforce remedies, manage and liquidate REO Assets; or that Borrower or any of its Subsidiaries otherwise advances in its capacity as servicer of such mortgage loan or pool of mortgage loans, in each case on customary industry terms.