Service Reduction definition

Service Reduction means any decrease or diminution in the level of

Service Reduction means a decrease or diminution in the basic service level provided by the Park Owner occurring at any time since January 1, 2019, including but not limited to services the Park Owner is required to provide pursuant to:

Service Reduction means any decrease or diminution in the level of Housing Services provided by the Landlord on or after the effective date of this Chapter, including but not limited to, services the Landlord is required to provide pursuant to:

Examples of Service Reduction in a sentence

• Prior to each Distribution Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Prepayment Period.

• With respect to each Mortgage Loan which is the subject of a Deficient Valuation or a Debt Service Reduction, the Servicer shall verify that payments are being made in accordance with the plan approved in the related bankruptcy proceedings.

• If the action of any court results in a Deficient Valuation or Debt Service Reduction, the Servicer shall provide a calculation of the effects of such modification notifying the Master Servicer of the new principal balance, Mortgage Interest Rate, new final maturity, or monthly payment level, as the case may be, of such Mortgage Loan.

• In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Period.

• TO Contractor Personnel shall be required to participate in the State-mandated Service Reduction Days as well as State Furlough Days.

• The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicable, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

• Hours performing system upgrades would be billed on actual time worked at the rates proposed.• State-Mandated Service Reduction Days: TO Contractor personnel shall be required to participate in the State-mandated Service Reduction Days as well as State Furlough Days.

• For clarity, when this Agreement states that an Executive is “deemed Vested,” such does not alter the Years of Service Reduction or the Early Retirement Reduction, and is only intended to confirm that the Executive is eligible for the benefit hereunder.

• In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Period and the total amount of Realized Losses incurred due to a High CLTV Loan being 180 days or more delinquent.

• The Executive will remain entitled to receive his retirement benefit in accordance with Section 3.1 (and Executive will be deemed Vested), except that the Years of Service Reduction shall be calculated utilizing the years of service completed by Executive as of the Retirement Benefit Freeze date, and Earnings shall be calculated as of the Retirement Benefit Freeze date.

More Definitions of Service Reduction

Service Reduction means any reduction in housing services below the level existing on or after the Effective Date, which results in a cost savings to the Park Owner without a corresponding decrease in Space Rent. The reduction or deferment of maintenance below the level existing on or after the Effective Date may constitute a Service Reduction. However, normal wear and tear of the common area facilities and/or the Mobile Home Space does not constitute a Service Reduction.

Service Reduction means any decrease or diminution in the level of Housing Services provided by the Mobilehome Park on or after February 13, 2018, including but not limited to, services the Mobilehome Park Owner is required to provide pursuant to:

Service Reduction means a decrease or diminution in the basic service level provided by the park since July 2011 including but not limited to services the park owner is required to provide pursuant to:

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.

Service Reduction means a reduction in service that includes voluntary or involuntary reduction in the number of hours of paid support provided to someone receiving family support services or a reduction in the number of days of day services or residential services. SFC means Statewide Funding Committee.

Service Reduction means any decrease or diminution in the level of housing services provided by the Landlord on or after the effective date of this chapter, including, but not limited to, services the Landlord is required to provide pursuant to: (a) California Civil Code Section 1941 et seq.; (b) z a Rental Agreement between the Landlord and the Tenant; and (c) the level of service as implied by the condition of improvements, fixtures, and equipment, and their availability for use by the Landlord at the time of execution of the Rental Agreement with the Landlord.