Special Advance definition

Special Advance. As defined in Section 5.18(b) hereof.

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Special Advance. As defined in Section 5.18(b) of the Sale and Servicing Agreement.

Special Advance. Any advance made by the Master Servicer pursuant to Section 8.9(d) hereof.

Examples of Special Advance in a sentence

• The Special Advance Lender shall be entitled to an amount (the “Unpaid Amount”) equal to the applicable Advanced Amount, plus any unpaid interest due and owing with respect thereto, less any repayments thereof made by the Defaulting Lender immediately upon demand.

• Notwithstanding the fact that the Defaulting Lender may temporarily hold such sums, the Defaulting Lender shall be deemed to hold same as a trustee for the benefit of the Special Advance Lender, it being the express intention of the Lenders that the Special Advance Lender shall have an ownership interest in such sums to the extent of the Unpaid Amount.

• In no event shall the Trustee, as successor Servicer, be liable for the payment of the Special Advance except to the extent of the amount on deposit in the Interest Reserve Account.

• The Special Advance shall be made without regard to recoverability, and shall not be reimbursable, except as set forth in the preceding sentences.

• The Special Advance shall be made without regard to recoverability, and shall not be reimbursable.

More Definitions of Special Advance

Special Advance. As defined in Section 5.18(b) hereof. SPECIFIED OVERCOLLATERALIZED AMOUNT: An amount equal to:

Special Advance means an Advance for the purpose of acquiring Eligible Loans on an Advance Date other than a Settlement Date, the principal amount of which Advance shall not exceed (i) the aggregate principal amount of the Eligible Loans being purchased with such Advance, plus (ii) accrued and unpaid interest and Special Allowance Payments on such Eligible Loans.

Special Advance. Has the meaning given to such term in Section 9.23.

Special Advance means the $119 million advance made by the Company to the Network to permit the Network to repay indebtedness of such amount.

Special Advance. As defined in Section 5.16(b) hereof.

Special Advance is defined in Section 3.1(a)(i) of the Participation Agreement.

Special Advance. The First Special Advance , the Second Special Advance and the Third Special Advance.