Interest Reductions definition

Interest Reductions. As to each Mortgage Certificate, the sum of (i) Non-Supported Interest Shortfalls (as defined in the Underlying Pooling Agreement), (ii) the interest portions of Realized Losses (as defined in the Underlying Pooling Agreements) and (iii) Relief Act Reductions (as defined in the Underlying Pooling Agreements) that are expressly allocated to such Mortgage Certificate pursuant to the related Underlying Pooling Agreement.
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Interest Reductions. With respect to a Mortgage Certificate, any Non-Supported Interest Shortfalls, Relief Act Shortfalls and similar items that, are expressly allocated to such Mortgage Certificates, pursuant to the applicable Underlying Pooling and Servicing Agreement, proportionately with all other interest-bearing Classes of their respective Series as reflected in the Underlying Distribution Date Statements.
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Interest Reductions. With respect to a Mortgage Certificate, any amounts that are expressly allocated to such Mortgage Certificates pursuant to Section 5.02(c) of the applicable Governing Agreement.
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Examples of Interest Reductions in a sentence

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Interest Reductions allocated to the Class B-1 Certificates, as described in the Agreement.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Interest Reductions allocated to the Class B-2 Certificates, as described in the Agreement.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Interest Reductions allocated to the Class A-R Certificate, as described in the Agreement.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Interest Reductions allocated to the Class A-1 Certificates, as described in the Agreement.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Interest Reductions allocated to the Class A-2 Certificates, as described in the Agreement.