Standard Expenses definition

Standard Expenses means, with respect to any Loan(s), Secured Property, or REO, (i) all fees and expenses paid to third parties with respect to such Loan(s), Secured Property, or REO, including but not limited to (A) legal fees, (B) accounting fees, (C) appraisal fees, (D) commissions (whether for the sale or rental of Secured Property or REO property received upon the foreclosure of the Loan(s), or otherwise), and (E) servicing fees; (ii) real estate or property taxes and other governmental assessments; (iii) all other customary and reasonable out of pocket costs and expenses incurred in the performance by Owner, Servicer, or preREO of their respective obligations under this Agreement, including, but not limited to, the cost of (A) the preservation, restoration and protection of the Secured Property, (B) efforts to clear title defects or present and follow up on title claims relating to the Secured Property or REO, (C) any enforcement or administrative or other Legal Actions, (D) the management and liquidation of the Secured Property or REO, and all taxes, assessments, water rates, sewer rents and other charges which are or may become a lien upon the Secured Property or REO, fire, hazard, flood, or other customary insurance coverage, and (iv) all other expenses directly associated with such Loan(s), Secured Property or REO, but not including the general overhead of the Owner, Servicer, or the Investor. Initial here: to confirm you agree to the foregoing provision.
Sample 1Sample 2Sample 3
Standard Expenses means any expenses of a scheme which are recoverable out of contributions made to the scheme by or on behalf of a member, the amount of which cannot be ascertained at the time of admission to membership.
Sample 1Sample 2Sample 3
Standard Expenses means, with respect to any Loan(s), Secured Property, or REO, (i) all fees and expenses paid to third parties with respect to such Loan(s), Secured Property, or REO, including but not limited to (A) legal fees, (B) accounting fees, (C) appraisal fees, and (D) commissions (whether for the sale of the Loan(s), the sale or rental of Secured Property or REO property received upon the foreclosure of the Loan(s), or otherwise), (E) servicing fees; (ii) interest payments associated with such Loan(s); (iii) real estate or property taxes and other governmental assessments; (iv) all other customary and reasonable "out of pocket" costs and expenses incurred in the performance by the parties of their obligations under this Agreement, including, but not limited to, the cost of (A) the preservation, restoration and protection of the Secured Property, (B) efforts to clear title defects or present and follow up on title claims relating to the Secured Property or REO, (C) any enforcement or administrative or judicial proceedings, including foreclosures and receiverships, (D) the management and liquidation of the Secured Property or REO, and all taxes, assessments, water rates, sewer rents and other charges which are or may become a lien upon the Secured Property or REO, fire and hazard insurance coverage, and
Sample 1

Examples of Standard Expenses in a sentence

  • If the Investor does not respond to the Servicer’s request within five business days, the Investor shall be deemed to have authorized the payment of such Standard Expenses.

  • All payments by the Investor will be applied first to late fees, then to accrued interest, then to any Standard Expenses due and owing, and then to the Purchase Price.

  • The Investor hereby delegates authority to the Servicer to advance payment for any Standard Expenses for which a request procedure is not otherwise provided for in this Agreement, in the discretion of the Servicer, including but not limited to attorneys’ or trustee fees and costs incurred in the execution of a Foreclosure Sale.

  • The Servicer may, but shall not be required to, seek the approval of the Investor before paying one or more Standard Expenses.

  • If the Investor should sell an REO associated with the Loan, then the entire balance of the Purchase Price, together with any and all unreimbursed Standard Expenses as well as all accrued interest and late fees, shall be due in full at the time of sale.

  • The Investor may at any time, without penalty or notice, prepay any portion of the Purchase Price, provided that any such prepayment shall be accompanied by any and all unreimbursed Standard Expenses as well as interest and late fees accrued to date.

  • The Investor may, upon request for approval under Section 12.1 by the Servicer or under its own initiative, elect to not pay one or more Standard Expenses.

  • The Investor shall be responsible for the expenses of such sale or other disposition and all Standard Expenses, including amounts owed to third parties as a result of a Foreclosure Sale, or as otherwise owed under applicable law.

  • The Investor shall be responsible for the expenses of such sale or other disposition and all Standard Expenses, including amounts owed to third parties as a result of Foreclosure Sale, or as otherwise owed under applicable law.

  • There were some omissions in the 2007-08 annual report concerning water quality monitoring.

Related to Standard Expenses

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting, and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.