MIP Payments definition
MIP Payments means, with respect to a HECM Loan, all mortgage insurance premiums payable to either HUD or a private mortgage insurer, as set forth in the related Mortgage File.
MIP Payments means any amounts payable by the Company pursuant to the Management Incentive Plan.
Examples of MIP Payments in a sentence
Notwithstanding the foregoing, any and all MIP Payments shall only be paid by the Debtors to the extent such MIP Payments are set forth in the Budget and are approved by the Bankruptcy Court after notice and a hearing.
The Company shall provide Buyer a copy of any employee communications in connection with such 2022 MIP Payments at least five Business Days prior to distribution thereof for its review and reasonable comment and the Company shall consider in good faith all comments received from Buyer on such employee communications.