Forbearance definition

Forbearance. As defined in Section 3.07(a).

Forbearance means an extension of time for making loan payments or the acceptance of smaller payments than were previously scheduled to prevent a borrower from defaulting on his or her payment obligations. A lender or hold- er must notify each borrower of the right to request forbearance.

Forbearance. (SAL/SALT only) means a GSFA approved period of time, not to exceed twenty-four (24) cumulative months, during which the Borrower, upon meeting certain conditions, is permitted to temporarily cease making payments on the loan based on extenuating circumstances. Interest accrues on the outstanding principal balance of the loan during a period of Forbearance and the Borrower is liable for such interest.

Examples of Forbearance in a sentence

• No. 18-141; Petition of USTelecom for Forbearance Pursuant to 47 U.S.C. § 160(c) to Accelerate Investment in Broadband and Next-Generation Networks which was filed with the FCC on May 4, 2017 (“FCC UNE and Resale Forbearance Order”); andWHEREAS, the Parties desire to amend the Agreement to implement the FCC Order FCC-20-152 in WC Dkt.

• Borrower will not assert and hereby forever waives any right to assert that Lender is obligated in any way to continue beyond the Forbearance Period to forbear from enforcing its rights or remedies or that Lender is not entitled to act on the Existing Defaults after the termination of the Forbearance Period as if such default had just occurred and the Forbearance Period had never existed.

• Exhibit A to this Amendment contains DS1 Loop element descriptions and USOCs that are subject to the FCC UNE Relief Order; however, this Agreement may also contain additional and/or older element descriptions and USOCs that are also DS1 Loops subject to the FCC UNE Forbearance Order.

• Exhibit A to this Amendment contains Analog Loop element descriptions and USOCs that are subject to the FCC UNE and Resale Forbearance Order, however this Agreement may also contain additional and/or older element descriptions and USOCs that are also Analog Loops subject to the FCC UNE and Resale Forbearance Order.

• Exhibit A to this Amendment contains DS3 Loop element descriptions and USOCs that are subject to the FCC UNE Relief Order, however this Agreement may also contain additional and/or older element descriptions and USOCs that are also DS3 Loops subject to the FCC UNE Forbearance Order.

More Definitions of Forbearance

Forbearance shall have the meaning set forth in Section 2.01.

Forbearance means a period of six months during which the

Forbearance means suspension of the acceleration of the balance due on a primary housing loan on the basis of the com- pliance of the mortgagor with the terms of an agreement.

Forbearance means the period permitted by the Act and the policies of the Guarantor during which a Borrower (in Repayment) is permitted to temporarily forego payments or make reduced payments.

Forbearance means agreement, conditioned upon the occurrence of the Effective Date, to refrain from exercising: (i) the right to enforce or exercise any status or right as a secured party, including any rights in the Collateral described in the Security Agreement; (ii) the right to enforce or exercise any assignment or collateral assignment of insurance or insurance proceeds; and (iii) the right to any priority of payment arising from or related to (i) or (ii) hereinabove.

Forbearance means the complete curtailment of all or part of a right to make withdrawals under a specific Edwards Aquifer Authority Groundwater Withdrawal Permit.

Forbearance means a period of time during which obligations for