Unlikely to pay definition

Unlikely to pay means at least 2 years since the granting of forbearance measures or the moment when the forborne credit is again considered 'performing' (this is in case credits with forbearance measures nevertheless fall into the status of default);
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Related to Unlikely to pay

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • PRE-PAYMENT The Tenant shall: (check one)

  • for any Payment Date means any Mortgage Loan in respect of which the Master Servicer has determined, in accordance with the servicing procedures specified in this Agreement, as of the end of the related Collection Period, that all Liquidation Proceeds which it expects to recover with respect to the disposition of the Mortgage Loan or the related REO have been recovered.

  • Untimely payment means a payment to a subcontractor that is more than 90 days past due under the terms and conditions of a subcontract for supplies and services for which the Government has paid the prime contractor.

  • Lump Sum Payment means a single payment that is not anticipated to continue.