Examples of Soldier's and Sailor's Relief Act in a sentence
Notwithstanding the foregoing, to the extent that any loan interest rate is subject to the provisions of the Soldiers and Sailors Relief Act of 1940, it shall not exceed six percent (6%) per annum.
Notwithstanding anything herein to the contrary, no Interest Advance shall be required to be made hereunder (i) if the Master Servicer determines that such Interest Advance would, if made, constitute a Nonrecoverable Advance or (ii) with respect to shortfalls in interest resulting from application of the Soldiers' and Sailors' Relief Act or from full or partial prepayments of any Loan.
The Seller has not received notice from any Mortgagor or other party with respect to the Mortgage Loans of a request for relief pursuant to or involving any of the provisions of the Soldiers and Sailors Relief Act of 1940 or any other federal or state law which would have the effect of suspending or reducing the Borrower’s payment obligations under a Mortgage Loan or which would prevent such loan from going into foreclosure.
The Company has received notices from ---------------------------------- Mortgagors and other parties with respect to Mortgage Loans (representing less than one percent (1%) of the Company's portfolio of Mortgage Loans with respect to requests) for relief pursuant to or invoking any of the provisions of the Soldiers and Sailors Relief Act of 1940 or similar state or federal law suspending payments of amounts due under the Mortgage Loan Documents or suspending the commencement of foreclosure proceedings.
Losses of the type referred to above for which Owner shall remain responsible include, but are not limited to: credit losses, special hazard insurance premiums, earthquake losses, losses resulting from the absence or inadequacy of hazard insurance or flood insurance for a Mortgaged Property in accordance with Applicable Requirements, foreclosure losses, REO Property losses, and losses in connection with the Soldiers and Sailors Relief Act.
Except as Previously Disclosed, none of Sellers or Subject Companies has received notice from any Mortgagor or other party with respect to the Mortgage Loans of a request for relief pursuant to or invoking any of the provisions of the Soldiers and Sailors Relief Act of 1940 or any similar law which would have the effect of suspending or reducing the Mortgagor's payment obligations under a Mortgage Loan or which would prevent such loan from going into foreclosure.
Except as disclosed in Schedule 4.17 hereto, Seller has not received notice from any Mortgagor or other party with respect to a Mortgage Loan of a request for relief pursuant to or invoking any of the provisions of the Soldiers and Sailors Relief Act of 1940 or any similar law which would have the effect of suspending or reducing the Mortgagor's payment obligations under a Mortgage Loan or which would prevent such loan from going into foreclosure.
The Seller has not received notice from any Mortgagor or other party with respect to the Mortgage Loans of a request for relief pursuant to or invoking any of the provisions of the Soldiers and Sailors Relief Act of 1940 or any other federal or state law which would have the effect of suspending or reducing the Borrower’s payment obligations under a Mortgage Loan or which would prevent such loan from going into foreclosure.
Requested Pursuant to the Soldiers and Sailors Relief Act of 1940 or Similar Laws..................
Seller has not received notice from any Borrower or other party with respect to the Loans of a request for relief pursuant to or invoking any of the provisions of the Soldiers and Sailors Relief Act of 1940 or any similar law which would have the effect of suspending or reducing any Borrower's payment obligations under a Loan or which would prevent such Loan from going into foreclosure.