Curtailment definition

Curtailment. Any Principal Prepayment made by a Mortgagor which is not a Principal 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.
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.)

Examples of Curtailment in a sentence

  • Commercial and Industrial Curtailment Input Assumptions Parameters ResultsAs shown in Table 49, the commercial and industrial curtailment program could, by 2045, obtain 6 MW of winter achievable potential at $95 per kilowatt-year from the manual product option and a similar amount of potential at $127 per kilowatt-year from the automated product option.

  • Commercial and Industrial Curtailment Achievable Potential and Levelized Cost Residential Electric Vehicle Service EquipmentResidential EV charger demand response programs can be implemented to reduce EV charging in residential homes during peak hours.

  • The proposed derating model consists of estimating derated capacity as a percent of rated capacity, calculated as a piecewise linear function of ambient temperature calibrated based on historic weather data paired with CAISO Prior Trade-Day Curtailment Reports.

  • Curtailment tends to be highest during the spring months due to increased amounts of both solar and wind generation.

  • For projects where RAM mitigation is acceptable, BOEM will include the following in any sale notification and project approval conditions: Lessee will notify NORAD 30-60 days ahead of project completion and, again, when the project is complete and operational for RAM scheduling; Lessee will contribute funds to DoD of no less than $80,000 toward the execution of the RAM for each radar system affected; and Curtailment for national security or defense purposes as described in the lease.


More Definitions of Curtailment

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 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 Service Provider:
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 means inducing retail customers to reduce load during times of peak demand so as to
Curtailment. Any payment of principal on a 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 Loan.
Curtailment. Any partial prepayment on any Mortgage Loan.