Examples of Relief Act Shortfalls in a sentence
Uncovered Prepayment Interest Shortfalls and Relief Act Shortfalls with respect to the Mortgage Loans will reduce the amount of interest payable on the Senior Certificates, the Mezzanine Classes and the Subordinate Classes, pro rata, based on the amount of interest that would have been payable thereon before giving effect to such reduction.
This Policy does not cover reductions in the Note Rate due to the Net WAC Rate, Relief Act Shortfalls or Prepayment Interest Shortfalls nor does this Policy guarantee to the Holders of the Notes any particular rate of principal payment.
Any such Relief Act Shortfalls will be paid solely pursuant to Section 4.02(c)(xix) and Section 4.09(c)(F), to the extent funds are available therefor.
The waiver or payment of a registration or entrance fee to attend a civic or philanthropic event to which a Member of the Board of Directors has been invited to participate in his or her official capacity.
Relief Act Shortfalls will reduce the amount of interest payable on the A and IO Classes and the Subordinate Classes, pro rata, based on the amount of interest that would have been payable thereon before giving effect to such reduction.Principal Payments on the CertificatesDefinitions.