Curtailment Definition: 2k Samples - Law Insider

Curtailment definitionCurtailment. Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full.View SourceBased on 790 documents790Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoCurtailment. Any Principal Prepayment made by a Mortgagor which is not a Prepayment in Full.View SourceBased on 263 documents263Draft with AICurtailment. 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.View SourceBased on 251 documents251Draft with AI

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.View SourceBased on 206 documents206Draft with AICurtailment. 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.)View SourceBased on 196 documents196Draft with AICurtailment means inducing retail customers to reduce load during times of peak demand so as toView SourceBased on 104 documents104Draft with AICurtailment. 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.View SourceBased on 87 documents87Draft with AICurtailment. “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”;View SourceBased on 64 documents64Draft with AICurtailment. Any partial prepayment on any Mortgage Loan.View SourceBased on 31 documents31Draft with AICurtailment. 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.View SourceBased on 30 documents30Draft with AI

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Related Definitions

• Curtailment Period
• Curtailment Order
• Curtailment Shortfall
• Interruption
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