Relief Act Reductions. With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.

Relief Act Reductions. With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month that may be attributable to a prior month, if applicable, as a result of the application of the Relief Act, the amount, if any, by which (i) interest collected on such Mortgage Loan during the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note. REMIC: A "real estate mortgage investment conduit," within the meaning of Section 860D of the Code. Reference herein to REMIC refers to each REMIC created by the Preliminary Statement.

Relief Act Reductions. With respect to any Payment Date and 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 Relief Act or similar state or local law, the amount, if any, by which (i) interest collectible on that Mortgage Loan during such Due Period is less than (ii) one month’s interest on the Scheduled Principal Balance of such Mortgage Loan at the Loan Rate for such Mortgage Loan before giving effect to the application of the Relief Act or similar state or local law.

Examples of Relief Act Reductions in a sentence

Ajzen (1991) asserted that behaviors are predicted by intentions, but this phenomenon is more observed in people with higher volitional control.
For Discount Mortgage Loans, the Allocable Share is defined as zero.The Allocable Share mechanism allocates Debt Service and Relief Act Reductions among the IO and P&I certificates pro rata based on the existing ratio of interest on a Non-Discount Mortgage Loan paid to the IO and P&I certificates, respectively, as required by the “ratio-strip” structure.
For purposes of calculating the interest distributable in respect of each Uncertificated Lower-Tier Interest and any Distribution Date, Non-Supported Interest Shortfalls and Relief Act Reductions related to a Loan Group shall be allocated to the related Uncertificated Lower-Tier Interests pro rata based on, and to the extent of, one month's interest at the then applicable pass-through rate on such Uncertificated Lower-Tier Interest.
If federal standards are violated in any area, that area is designated as “non-attainment” for that pollutant, and the state must develop a plan for bringing that area back into “attainment.”standards for Siskiyou, Modoc or Modoc County.

More Definitions of Relief Act Reductions

Relief Act Reductions means, with respect to any Payment Date and any Pledged Mortgage as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act, the amount, if any, by which (i) interest collectible on such Pledged Mortgage for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.

Relief Act Reductions. With respect to any Payment Date and 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 Relief Act, the amount, if any, by which (i) interest collectible on that Mortgage Loan during such Due Period is less than (ii) one month’s interest on the Scheduled Principal Balance of such Mortgage Loan at the Loan Rate for such Mortgage Loan before giving effect to the application of the Relief Act.

Relief Act Reductions means interest shortfalls resulting from the application of the Servicemembers Relief Act, as amended, or any similar state law.

Relief Act Reductions. With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Civil Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended 70478 Sequoia 2003-1 Pooling and Servicing Agreement calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.

Relief Act Reductions. With respect to any Distribution Date and any Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act, the amount, if any, by which (a) interest collectible on such Loan for the most recently ended calendar month is less than (b) interest accrued thereon for such month pursuant to the Mortgage Note without taking into account the application of the Relief Act. Remaining Interest Remittance Amount With respect to any Distribution Date, an amount equal to the Interest Remittance Amount remaining after giving effect to the distributions set forth in clause (i) of Section 4.02(a).

Relief Act Reductions. With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest or principal collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act, the California Military and Veterans Code, as amended, or any similar state or local law or regulation, the amount, if any, by which (i) interest and/or principal collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest and/or principal accrued thereon for such month pursuant to the Mortgage Note.