Buydown definition
Buydown means an arrangement or arrangements involving the
Buydown means an arrangement or arrangements involving the buyer and seller in a given power purchase contract and, in some cases third parties, for consideration to be given by the buyer in order to effectuate a reduction in the pricing, or the restructuring of other terms to reduce the overall cost of the power contract, for the remaining succeeding period of the purchased power arrangement or arrangements.
Buydown has the meaning set forth in Section 3.4.
Examples of Buydown in a sentence
Form FmHA or its successor agency under Public Law 103–354 449–30 will be com- pleted to compensate the Lender for the dif- ▇▇▇▇▇▇▇ in interest rates specified on the Loan Note Guarantee—DARBE or Interest Rate Buydown Agreement and the rate of in- terest specified by the bankruptcy court.
More Definitions of Buydown
Buydown means participation by the state in a conventional loan to an assisted business by lowering either the effective principal or interest of the loan.
Buydown means a payment to cover up to 100 percent of the difference in the purchase price between a clean alternative fuel vehicle and a comparable dedicated gasoline or diesel vehicle.
Buydown means any reduction in the Mortgagor’s monthly Mortgage Loan payment required under the Mortgage Note by reason of the deposit of funds into an escrow or pledged account to be used to supplement the Mortgagor’s monthly payment. Buydowns shall only be permitted in connection with FHA Mortgage Loans unless otherwise permitted by TSAHC.
Buydown. The waiver by Purchaser (or by Seller during the Interim Period) of a portion of the indebtedness of a Mortgage Loan, which can take the form of a reduction of the principal, a credit to escrow or unapplied funds accounts, the forgiveness of accrued interest or any combination of the foregoing, and which causes the VA to pay off the remaining amount of the indebtedness owed and acquire the Mortgaged Property.
Buydown has the meaning set forth in Section 2.5(h) hereof.
Buydown means a cash payment to individual consumers and entities for the purchase of equipment for the production of electrical energy utilizing renewable energy technologies.
Buydown means with respect to a VA Loan, the waiver by SBS of a portion of the indebtedness of a Mortgage Loan, including, without limitation, a reduction of the principal, a credit to escrow or unapplied funds accounts or the forgiveness of accrued interest, which causes the VA to pay off the remaining amount of indebtedness owed and acquire the Collateral.