Gary appealed, arguing that the circuit court had no authority to increase his weekly payment from $96 to $300 per week to satisfy his arrearages
Special forbearance provides for a period of reduced or suspended payments that may result in an arrearage
not to exceed the equivalent of 12 months of principal, interest, taxes and insurance premiums (PITI) over a period of up to 18 months from the date of the oldest unpaid installment.
Peachtree reviews the documents submitted by each client with a view toward identifying obligations such as child support arrearages
, tax liens or judgments.
Liquidity is provided through master servicer advances of delinquent mortgagor scheduled payments, and, only after the principal balance of a mortgage is reduced to zero, if arrearages
remain outstanding, the master servicer will advance the original scheduled payment for payment of the arrearage
It in no way makes the tenants responsible for arrearages
, which remain the obligation of the landlord.
The managers also did not collect the arrearages
at the time of the sublease, he said, although the owner was being paid "up front" and had the money.
Reduction of the length of time for arrearages
The Lease Modification Agreement halts those proceedings, but does not affect the arrearages
or the terms of the original lease.
The audited consolidated statements of operations for the years ended December 31, 2001 and 2002, the unaudited consolidated statements of operations for the quarterly periods ended March 31, 2003 and June 30, 2003, and the unaudited statement of operations for the six months ended June 30, 2003, have been restated to reflect the change in fair value of the derivative debt instrument and to revise the cumulative dividend arrearages
and premium accretion on preferred stock for each period.
San Pedro's rating was previously placed on Rating Watch Negative late last year following nonpayment and arrearages
by both CDE and the Dominican government, which led the facility to shutdown its units in August 2002 and again in October 2002.
In addition to the election of directors, the company is presenting a plan to its stockholders for approval that eliminates the company's preferred stock dividend arrearages
, any future cumulative dividends and the mandatory sinking fund requirements of its issued and outstanding preferred stock, $1.
The rating was previously placed on Rating Watch Negative late last year following non-payment and arrearages
by both the project's offtaker, Corporacion Dominicana de Electricidad (CDE), and the Dominican government, which led San Pedro to shutdown its units in August 2002 and again in October 2002.