Debt Service Reduction Sample Clauses

Debt Service Reduction. Any reduction of the Scheduled Payments which a Mortgagor is obligated to pay with respect to a Mortgage Loan as a result of any proceeding under the Bankruptcy Code or any other similar state law or other proceeding.
Sample 1Sample 2Sample 3See All (28)
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Debt Service Reduction. 12- Deficient Valuation..........................................-12- Definitive Certificates......................................-12- Deleted Mortgage Loan........................................-12- Delinquency Percentage.......................................-12- Depositor....................................................-12- Depository...................................................-12- Depository Institution.......................................-12- Depository Participant.......................................-13- Determination Date...........................................-13- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- Distribution Date............................................-13- Due Date ....................................................-13- Due Period...................................................-13- Eligible Account.............................................-13- ERISA .......................................................-14- Estate in Real Property......................................-14-
Sample 1Sample 2See All (18)
Debt Service Reduction. 15- Deficient Valuation.............................-15- Definitive Certificates.........................-15- Deleted Mortgage Loan...........................-16- Delinquency Percentage..........................-16- Depositor.......................................-16- Depository......................................-16- Depository Institution..........................-16- Depository Participant..........................-16- Determination Date..............................-16- -iii-
Sample 1See All (12)
Debt Service Reduction. I-10 Defective Mortgage Loan . . . . . . . . . . . . . . . . . . . . . I-10 Deficient Valuation . . . . . . . . . . . . . . . . . . . . . . . I-10 Definitive Certificates . . . . . . . . . . . . . . . . . . . . . I-10 Delay Certificates . . . . . . . . . . . . . . . . . . . . . . . . I-10 Deleted Mortgage Loan . . . . . . . . . . . . . . . . . . . . . . I-11 Denomination . . . . . . . . . . . . . . . . . . . . . . . . . . . I-11 Depositor . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-11 Depository . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-11 Depository Participant . . . . . . . . . . . . . . . . . . . . . . I-11 Determination Date . . . . . . . . . . . . . . . . . . . . . . . . I-11 Discount Mortgage Loan . . . . . . . . . . . . . . . . . . . . . . I-11 Distribution Account . . . . . . . . . . . . . . . . . . . . . . . I-11 Distribution Account Deposit Date . . . . . . . . . . . . . . . . I-11 Distribution Date . . . . . . . . . . . . . . . . . . . . . . . . I-11 Due Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-11 Duff & Phelps . . . . . . . . . . . . . . . . . . . . . . . . . . I-11 Eligible Account . . . . . . . . . . . . . . . . . . . . . . . . . I-12 ERISA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-12 ERISA-Restricted Certificate . . . . . . . . . . . . . . . . . . . I-12
Sample 1
Debt Service Reduction. With respect to any Mortgage Loan, a reduction by a court of competent jurisdiction in a proceeding under the Bankruptcy Code in the Scheduled Payment for such Mortgage Loan which became final and non-appealable, except such a reduction resulting from a Deficient Valuation or any reduction that results in a permanent forgiveness of principal. [Deferred Amount: Any Basis Risk Shortfall or Deferred Principal Amount.]
Sample 1
Debt Service Reduction. I-12 Debt Service Reduction Mortgage Loan.............................I-13
Sample 1
Debt Service Reduction. Any reduction of the Scheduled Payments which a Mortgagor is obligated to pay with respect to a HELOC as a result of any proceeding under the Bankruptcy Code or any other similar state law or other proceeding.
Sample 1
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Related to Debt Service Reduction

  • Debt Service Reserve Reserved.

  • Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.

  • Debt Service Ratio In the event that the amount of Borrower's unrestricted cash maintained at Bank is less than $1,200,000.00, a ratio of (i) net income plus interest, depreciation, amortization, unfunded capital expenditures, and cash taxes paid, calculated based on the three (3) month period ending as of the date tested, to (ii) principal and interest expense with respect to the Obligations, calculated based on the three (3) month period ending as of the date tested, of greater than 1.25 to 1.0."

  • Monthly Debt Service Payments Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on September 1, 2010, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied first to accrued and unpaid interest and the balance to principal.

  • Debt Service Reserve Account The Debt Service Reserve Account shall have been funded (or credited with funds), to the extent required, in an amount equal to the Debt Service Reserve Required Amount in accordance with the Depositary Agreement.

  • Debt Service Coverage Ratio Not permit the Debt Service Coverage Ratio on the last day of each Fiscal Quarter to be less than 3.50 to 1.00.

  • Debt Service Coverage The Company will not, and will not permit any Subsidiary to, incur any Debt (including, without limitation, Acquired Debt) other than Intercompany Debt, if the ratio of Consolidated Income Available for Debt Service to the Annual Debt Service Charge for the period consisting of the four consecutive fiscal quarters most recently ended prior to the date on which such additional Debt is to be incurred is less than 1.5 to 1.0, on a pro forma basis after giving effect to the incurrence of such Debt and the application of the proceeds therefrom, and calculated on the assumption that (i) such Debt and any other Debt (including, without limitation, Acquired Debt) incurred by the Company or any of its Subsidiaries since the first day of such four-quarter period and the application of the proceeds therefrom (including to refinance other Debt since the first day of such four-quarter period) had occurred on the first day of such period, (ii) the repayment or retirement of any other Debt of the Company or any of its Subsidiaries since the first day of such four-quarter period had occurred on the first day of such period (except that, in making such computation, the amount of Debt under any revolving credit facility, line of credit or similar facility shall be computed based upon the average daily balance of such Debt during such period), and (iii) in the case of any acquisition or disposition by the Company or any Subsidiary of any asset or group of assets since the first day of such four-quarter period, including, without limitation, by merger, stock purchase or sale, or asset purchase or sale or otherwise, such acquisition or disposition had occurred on the first day of such period with the appropriate adjustments with respect to such acquisition or disposition being included in such pro forma calculation. If the Debt giving rise to the need to make the foregoing calculation or any other Debt incurred after the first day of the relevant four-quarter period bears interest at a floating rate then, for purposes of calculating the Annual Debt Service Charge, the interest rate on such Debt shall be computed on a pro forma basis as if the average interest rate which would have been in effect during the entire such four-quarter period had been the applicable rate for the entire such period.

  • Minimum Debt Service Coverage Ratio As of the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2021, the Borrowers shall not permit the Debt Service Coverage Ratio, determined on a consolidated basis for the Consolidated Parties, to be less than 2.00 to 1.00.

  • Fee Reduction The Adviser agrees that from the commencement of operations of the Fund through January 31, 2020, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, excluding taxes, “Acquired Fund” fees and expenses, dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions, do not exceed (on an annual basis) 0.85%, as a percentage of the Fund’s average daily net assets.

  • Consolidated Debt Service Coverage Ratio Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.

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