Forbearance definition

Forbearance. As defined in Section 3.07(a).

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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 a period of six months during which the

Examples of Forbearance in a sentence

• Forbearance or indulgence in any form or manner by either party in any regard whatsoever shall not constitute a waiver of the covenant, condition, duty, obligation, or undertaking to be kept, performed, or discharged by the party to which the same may apply.

• Forbearance, temporary waiver, or other failure to enforce any right under this Agreement shall not constitute a permanent waiver.

• Forbearance or indulgence in any form or manner by either Party to this Project Funding Agreement shall not be construed as a waiver, nor in any way limit the remedies available to that party.

• Interest accrues on the unpaid principal sum to the extent it is disbursed, and on the unpaid accrued interest added to the principal balance at the beginning of the Repayment Period and at the end of any Forbearance Period or Enrollment Period if VSAC chooses to capitalize interest at the end of that Forbearance Period or Enrollment Period.

• A two-wire or four-wire analog voice-grade copper Loop as defined in the FCC’s UNE Loop/Resale Forbearance Order (by whatever name the Agreement or Verizon Tariff or SGAT may use to refer to such loops), which, pursuant to such FCC order, were discontinued as UNEs subject to a limited transition period that expired on August 2, 2022.

More Definitions of 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.

Forbearance shall have the meaning set forth in Section 2.01.

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 a period of time during which obligations for

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

Forbearance means the temporary postponement or reduction of monthly payments because of a Borrower’s hardship.