Special Advance definition

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

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

• 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.

• 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.

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

• 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.

More Definitions of Special Advance

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

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

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

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

Special Advance set forth in Section 1.01 of the Credit Agreement is amended by deleting such definition in its entirety and substituting therefor the following:

Special Advance has the meaning assigned in Section 14.11(c). “State” means the State of New York. “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board of Governors of the Federal Reserve System to which the Lenders are subject, with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Borrowings shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. “Subaccounts” means, collectively, the Tax Reserve Account, the Insurance Reserve Account and the Condominium Charges Reserve Account. “Supported QFC” has the meaning in Section 12.31. “Syndication” has the meaning set forth in Section 12.27. “Tax Reserve Account” means a sub-account of the Cash Management Account maintained on a ledger-entry basis.. “Taxes” means any present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. “Tax Lot Drawings” refers to the floor plans for the Condominium recorded immediately following the Condominium Declaration on March 9, 2005 as CRFN 2005000139246, as the same may be modified, amended, replaced or supplemented from time to time. “Term SOFR” means, for any day, the Term SOFR Reference Rate at approximately 5:00 a.m. Chicago time, two U.S. Government Securities Business Days prior to such date, as such rate is published by the Term SOFR Administrator. “Term SOFR” means Administrator” means CME Group Benchmark Administration Limited as administrator of the forward-looking term rate for the applicable Corresponding Tenor based on SOFR that has been selected or recommended by the Relevant Governmental BodySecured Overnight Financing Rate (SOFR) (or ...