Buydown definition

Buydown means an arrangement or arrangements involving the
Buydown has the meaning set forth in Section 3.4.
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.

Examples of Buydown in a sentence

  • If the Owner agrees to implement a solution Contract at the Contractor’s cost at a date beyond the warranty period, the Parties can agree on mechanism under which the Contractor will prove any improvement and if so, how partial refund of Buydown amount would be managed.

  • Buydown Period: The period of time when a Buydown Agreement is in effect with respect to a related Buydown Mortgage Loan.

  • Pursuant to the terms of each Buydown Agreement, any amounts distributed to the Purchaser in accordance with the preceding sentence will be applied to reduce the outstanding principal balance of the related Buydown Mortgage Loan.

  • Do not authorize the release of the Contract and Lien for the property located at 1426 Stafford Avenue in connection with the City's Phase IV Mortgage Buy-down Affordable Housing Program.

  • PG&E will establish a maximum cap for NBT‐eligible exports for each monthly billing period based on the California Solar Initiative Expected Performance-Based Buydown (CSI EPBB) calculator production estimate for the customer’s NBT‐eligible generator.


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 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 the waiver by Purchaser (or by or with the consent of 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 related Mortgaged Property.
Buydown has the meaning set forth in Section 2.5(h) hereof.
Buydown provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature;