Curtailment definition
Curtailment. Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full.
Curtailment. Any Principal Prepayment made by a Mortgagor which is not a Prepayment in Full.
Curtailment. Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Scheduled Payment, a prepaid Scheduled Payment or a Payoff, which is applied to reduce the outstanding Stated Principal Balance of the Mortgage Loan.
Examples of Curtailment in a sentence
The tests will be based on the $750,000 loan amount amortized over 25 years if tested during the Curtailment Period or on the $1,100,000 loan amount if tested thereafter.
In the event Tenant renews its lease with Borrower, Borrower shall provide a copy of the renewal to Lender and the Curtailment Period will be terminated.
Upon Borrower providing Lender with a copy of the fully executed lease with the new tenant, the Curtailment Period shall be terminated.
More Definitions of Curtailment
Curtailment means a reduction in firm or non-firm transmission service in response to a transfer capability shortage as a result of system reliability conditions.
Curtailment. Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Monthly Payment, a Prepaid Monthly Payment or a Payoff, which is applied to reduce the outstanding principal balance of the Mortgage Loan. (Prepayment penalties are not payments of principal and hence Curtailments do not include prepayment penalties.)
Curtailment means inducing retail customers to reduce load during times of peak demand so as to
Curtailment. With respect to a Mortgage Loan, any payment of principal received during a Due Period as part of a payment that is in excess of the amount of the Monthly Payment due for such Due Period and which is not intended to satisfy the Mortgage Loan in full, nor is intended to cure a delinquency.
Curtailment. “Defined Curtailment Compensation”, “Defined Partial Curtailment Compensation”, “Discriminatory Change in Law”, “Eligibility Criteria”, “Foreseeable Change in Law”, “Generation Tax Liability”, “Partial Curtailment”, “QCiL Capital Costs”, “QCiL Capital Savings”, “QCiL Construction Event”, “QCiL Construction Event Costs”, “QCiL Operations Cessation Event”, “Qualifying Curtailment”, “Qualifying Partial Curtailment”, “Qualifying Shutdown Event”, “Required Authorisation” and “Specific Change in Law”;
Curtailment. Any partial prepayment on any Mortgage Loan.
Curtailment. With respect to a Mortgage Loan, any payment of principal received in advance of its Monthly Payment and which is not accompanied by an amount as to interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.