Unreimbursed Servicer Advance means a Simple Interest Advance which the Servicer determines in its sole discretion is unrecoverable.
Unreimbursed Servicer Advance means, at any time, the amount of all ----------------------------- previous Servicer Advances (or portions thereof) as to which the Collection Agent has not been reimbursed as of such time pursuant to Section 1.03(b) and which the Collection Agent has determined in good faith will not be ultimately recoverable, and with respect to which the Collection Agent has given written certification to such effect (which certification may take the form of an entry on a Transferor Report identifying Unreimbursed Servicer Advances).
Examples of Unreimbursed Servicer Advance in a sentence
With respect to each Ineligible Receivable (other than a Defaulted Receivable), on any date of determination, the Receivable Balance of such Receivable less the principal portion of any Unreimbursed Servicer Advance made in respect of such Receivable.