Early Payoff. If a Loan funded by UHMC is repaid in full within one-hundred fifty (150) days of funding TPO shall reimburse UHMC the higher of 100 BP or the amount of any compensation or service release premium paid to TPO by UHMC in connection with the Loan. TPO shall reimburse UHMC within ten (10) days after notice of early payoff.
Appears in 9 contracts
Samples: Third Party Origination Agreement, Third Party Origination Agreement, Third Party Origination Agreement
Early Payoff. If a Loan funded by UHMC is repaid in full within one-hundred fifty sixty (150160) days immediately following the first payment date of funding such Loan, TPO shall reimburse UHMC the higher of 100 BP or the amount of any compensation or service release premium paid to TPO by UHMC in connection with the Loan, less the amount of any prepayment penalty actually collected by UHMC or its designee in connection with the payment in full of the Loan. TPO shall reimburse UHMC within ten (10) days after notice of early payoff.
Appears in 2 contracts
Samples: Third Party Origination Agreement, Third Party Origination Agreement
