Partial Claim Payment definition

Partial Claim Payment means the payment by HUD under the Federal Insurance pursuant to the provisions of Section 8.1(g) hereof in an amount equal to the amount of relief provided by MassHousing in the form of a reduction in principal and a reduction of delinquent interest due on the Mortgage times the lesser of HUD’s percentage of the risk of loss under the Risk-sharing Agreement or 50% percent.
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Related to Partial Claim Payment

  • Partial Payment means a payment that is insufficient to discharge all amounts then due and payable under the Finance Documents.

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Payment Claim means the claim for payment made by the Contractor in accordance with this Contract.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).