Civil Relief Act Interest Shortfall. With respect to any Distribution Date, for any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Civil Relief Act, the amount by which (i) interest collectible on such Mortgage Loan during such Due Period is less than (ii) one month's interest on the Principal Balance of such Mortgage Loan at the Loan Rate for such Mortgage Loan before giving effect to the application of the Civil Relief Act.
Civil Relief Act Interest Shortfall. With respect to any Distribution Date, for any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Civil Relief Act, the amount, if any, by which (a) interest collectible on such Mortgage Loan during the most recently ended calendar month is less than (b) the sum of one month's interest on the Principal Balance of such Mortgage Loan, calculated at a rate equal to the Mortgage Interest Rate.
Civil Relief Act Interest Shortfall. With respect to any Distribution Date, for any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Civil Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan during the most recently ended calendar month is less than (ii) interest accrued for the related Accrual Period on the Principal Balance of such Mortgage Loan, calculated at a rate equal to the sum of (A)(1) with respect to a Group I Loan, the sum of (a) the Group I Class A Pass-Through Rate on the Class A-1 Certificates and (b) the Group I Fixed Strip Effective Rate times (x) the related Notional Amount of the Group I Fixed Strip Components divided by (y) the Certificate Principal Balance of the Class A-1 Certificates, (2) with respect to a Group II Loan, the sum of (a) the Group II Class A Pass-Through Rate on the Class A-2 Certificates and (b) the Group II Fixed Strip Effective Rate times (x) the related Notional Amount of the Group II Fixed Strip Components divided by (y) the Certificate Principal Balance of the Class A-2 Certificates or (3) with respect to a Group III Loan, the sum of (a) weighted average of the Group III Class A Pass-Through Rates on the Class A-3, Class A-4, Class A-5 and Class A-6 Certificates and (b) the Group III Class A Pass-Through Rate on the Group III Fixed Strip Component times (x) the related Notional Amount of the Group III Fixed Strip Component divided by (y) the aggregate Certificate Principal Balance of the Class A-3, Class A-4, Class A-5 and Class A-6 Certificates, in each case for such Distribution Date and (B) the per annum rates at which the related Servicing Fee and Trustee Fee accrue and the related Premium Percentage.
More Definitions of Civil Relief Act Interest Shortfall
Civil Relief Act Interest Shortfall. With respect to any Distribution Date, for any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Civil Relief Act, the amount, if any, by which (a) interest collectible on such Mortgage Loan during the most recently ended calendar month is less than (b) interest accrued for the related Accrual Period on the Principal Balance of such Mortgage Loan, calculated at a rate equal to the sum of (A)(1) with respect to a Group I Loan, the Group I Class A Pass-Through Rate on the Class A-1 Certificates or (2) with respect to a Group II Loan, the weighted average of the Group II Class A Pass-Through Rates on the Class A-2 Certificates, weighted on the basis of the Certificate Principal Balances of such Certificates, in each case for such Distribution Date and (B) the per annum rates at which the related Servicing Fee and Trustee Fee accrue and the related Premium Percentage.
Civil Relief Act Interest Shortfall means any shortfall in interest collections on any Mortgage Loan resulting from the application of the Civil Relief Act.
Civil Relief Act Interest Shortfall. With respect to any Distribution Date, for any Home Loan as to which there has been a reduction in the amount of interest collectible thereon on the Due Date during the most recently ended Due Period as a result of the application of the Soldiers' and Sailors' Civil Relief Act of 1940, as amended (the "Civil Relief Act"), the amount by which (i) interest collectible on such Home Loan on such Due Date is less than (ii) one month's interest on the Principal Balance of such Home Loan immediately preceding such Due Date at the Home Loan Interest Rate for such Home Loan before giving effect to the application of the Civil Relief Act.
Civil Relief Act Interest Shortfall. With respect to any Distribution Date, for any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Civil Relief Act, the amount, if any, by which interest collectible on such Mortgage Loan during such Due Period is less than, (a) one month’s interest on the Principal Balance of such Mortgage Loan at the rate equal to the sum of (b) (1) the Class A-1 Certificate Rate plus the Class A-IO-F Certificate Rate with respect to a Group 1 Mortgage Loan or the Class A-2 Certificate Rate plus the Class A-IO-V Certificate Rate with respect to a Group 2 Mortgage Loan, (2) the related Premium Percentage, and (4) the Servicing Fee Rate for such Mortgage Loan.
Civil Relief Act Interest Shortfall. With respect to any Distribution Date, for any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Civil Relief Act, the amount, if any, by which interest collectible on such Mortgage Loan during such Due Period is less than (a) one month’s interest on the Principal Balance of such Mortgage Loan at the rate equal to the sum of (b) (1) the Class A Certificate Rate, (2) the Premium Percentage, (3) the Servicing Fee Rate for such Mortgage Loan and (4) the Trustee Fee Rate for such Mortgage Loan.
Civil Relief Act Interest Shortfall. With respect to any Payment Date, for any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Civil Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan during the most recently ended calendar month is less than (ii) the sum of (a) one month's interest on the Principal Balance of such Mortgage Loan at the rate equal to the sum of the applicable Pass-Through Rate and the Premium Percentage, plus (b) the aggregate Servicing Fee for such Mortgage Loan payable to the Master Servicer in such calendar month. Class: Collectively, Certificates bearing the same alphabetical designation (A-1, A-2 or R).
Civil Relief Act Interest Shortfall. With respect to any Distribution ----------------------------------- Date, for any Home Equity Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Civil Relief Act, is the amount, if any, by which (i) interest collectible on such Home Equity Loan during the most recently ended Due Period is less than (ii) the sum of (a) the Stated Principal Balance of such Home Equity Loan as of the preceding Distribution Date multiplied by one-twelfth of the Pass-Through Rate on the Class A Certificates for such Distribution Date and (b) the product of (1) a fraction, the numerator of which is the Stated Principal Balance of such Home Equity Loan and the denominator of which is the Pool Balance, each as of the prior Distribution Date and (2) the sum of the Premium Amount, the Servicing Fee and the Administration Fee payable to the Certificate Insurer, the Servicer or the Certificate Administrator, as applicable, for such Due Period.