Debt Service Reduction. Any reduction of the Scheduled Payments which a Mortgagor is obligated to pay with respect to a Mortgage Loan as a result of any proceeding under the Bankruptcy Code or any other similar state law or other proceeding.
Appears in 26 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Prime Mortgage Trust 2005-4), Indenture (Homebanc Corp)
Debt Service Reduction. Any reduction of the Scheduled Payments which a Mortgagor is obligated to pay with respect to a Mortgage Loan HELOC as a result of any proceeding under the Bankruptcy Code or any other similar state law or other proceeding.
Appears in 1 contract
Samples: Indenture (GSR Trust 2005-Hel1)
