Common use of Definition of Prepayment Clause in Contracts

Definition of Prepayment. A prepayment subject strictly to this Section is any payment which is greater than twenty percent (20%) of the principal amount outstanding at the time of prepayment.

Appears in 3 contracts

Samples: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement

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Definition of Prepayment. A prepayment subject strictly to this Section is any payment payment, which is greater than twenty percent (20%) of the principal amount outstanding at the time of prepayment.

Appears in 3 contracts

Samples: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement

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