Subsidy Agreement. An agreement between the Company and a Mortgagor, or an agreement among the Company, a Mortgagor and an employer of a Mortgagor with respect to a Mortgage Loan which provides for the application of Subsidy Funds and pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor.
Appears in 5 contracts
Samples: Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-Ar2), Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-1f), Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-Ar2)
