Early Repayment Charges Sample Clauses

Early Repayment Charges. The Mortgages Trustee hereby agrees to pay to the Seller as part of the Deferred Purchase Price any and all Early Repayment Charge Receipts received by the Mortgages Trustee in respect of the Mortgage Loans included in the Initial Mortgage Portfolio PROVIDED THAT, if any Mortgage Loans in respect of which Early Repayment Charges are payable are the subject of a trust pursuant to Clause 5.1 (Trust in favour of Mortgages Trustee), the Seller, the Mortgages Trustee, Funding and the Security Trustee agree that the benefit of any Early Repayment Charges payable under such Mortgage Loan shall, on the date of payment to the Seller of the related Early Repayment Charge Receipts, be released from such trust.
View SourceView Similar (23)
Early Repayment Charges. The Cash Manager shall withdraw any Early Repayment Charges paid into the Mortgages Trustee Transaction Account or the Mortgages Trustee GIC Account and pay the same to the Seller, by telegraphic transfer to such account as may be specified by the Seller from time to time, promptly following a request for such withdrawal being received from the Seller. For the avoidance of doubt, the Cash Manager shall not record the receipt or withdrawal of Early Repayment Charges in any of the ledgers maintained under this Agreement.
View SourceView Similar (16)
Early Repayment Charges. 8.1 Where you repay all or any part of the Outstanding Balance earlier than specified in your Mortgage Agreement, an Early Repayment Charge may be payable, to compensate us for the financial consequences of you not keeping your mortgage until the end of the specified period. 8.2 The Early Repayment Charge is calculated by us in accordance with the calculation set out in the Illustration. 8.3 A maximum Early Repayment Charge will apply to your Outstanding Balance as set out in the Illustration. 8.4 If you ask to repay early, we will send you a repayment statement providing you with the amount of your Early Repayment Charge payable at that time.
View SourceView Similar (6)
Early Repayment Charges. 8.1 Where you repay all or any part of the Outstanding Balance earlier than specified in your Mortgage Agreement, an Early Repayment Charge may be payable, to compensate us for the financial consequences of you not keeping your mortgage until the end of the specified period. 8.2 The Early Repayment Charge is calculated by us in accordance with the calculation set out in the Illustration. 8.3 A maximum Early Repayment Charge will apply to your Outstanding Balance as set out in the Illustration. 8.4 If you ask to repay early, we will send you a repayment statement providing you with the amount of your Early Repayment Charge payable at that time. 09 NO SET-OFF 9.1 All payments to us must be made without set-off and without any deduction on account of any tax, duty, other charge, claim or complaint, unless a deduction is required by law. 9.2 If a deduction is required by law, you will increase the payment so that we receive the amount due to us before the deduction. 9.3 If you have any claim or complaint, you must deal with that separately. YOUR OBLIGATIONS
View SourceView Similar (3)
Early Repayment Charges. The Mortgages Trustee hereby agrees to re-assign to the Seller upon the relevant Assignment Date the benefit of any and all Early Repayment Charges payable from time to time on the Mortgage Loans included in the New Mortgage Portfolio PROVIDED THAT, if any Mortgage Loans in respect of which Early Repayment Charges are payable are the subject of a trust pursuant to Clause 5.1 (Trust in favour of Mortgages Trustee), the Seller, the Mortgages Trustee, Funding and the Security Trustee agree that the benefit of any Early Repayment Charges payable under such Mortgage Loan shall, on the relevant Assignment Date, be released from such trust.
View SourceView Similar (2)
Early Repayment Charges. The Mortgages Trustee hereby agrees to pay to the Seller as part of the Deferred Purchase Price any and all Early Repayment Charge Receipts received by the Mortgages Trustee in respect of the Mortgage Loans included in the New Mortgage Portfolio
View Source
Early Repayment Charges. Note: If you make an early repayment during any fixed rate period, an administration fee and Break Cost under Clause 2 3 of the General Terms and Conditions of this agreement may be payable irrespective of whether an early repayment charge applies. Is an early repayment charge payable? Yes o No x (For loans with a term of 5 years or less from the date the loan is first borrowed) On the date of each early repayment, you shall pay to the Bank an early repayment charge equal to 1% of the amount then being repaid. (For loans with a term of over 5 years from the date the loan is first borrowed) On the date of each early repayment made on or before the date which is 5 years after the date the loan is first borrowed, you shall pay to the Bank an early repayment charge equal to 1% of the amount then being repaid.
View Source
Early Repayment Charges. Is an early repayment charge payable? Yes No (For loans with a term of 5 years or less from the date the loan is first borrowed) On the date of each early repayment, you shall pay to the Bank an early repayment charge equal to 1% of the amount then being repaid.
View Source

Related to Early Repayment Charges

  • Prepayment Charges Except as provided below, the Servicer or any designee of the Servicer shall not waive any Prepayment Charge with respect to any Mortgage Loan. If the Servicer or its designee fails to collect a Prepayment Charge at the time of the related prepayment of any Mortgage Loan subject to such Prepayment Charge, the Servicer shall pay to the Master Servicer at such time (by deposit to the Custodial Account) an amount equal to the amount of the Prepayment Charge not collected; provided, however, that with respect to any Mortgage Loan as to which the original or a copy of the Mortgage Note is not in the Servicer's possession (after the Servicer has used commercially reasonable efforts to obtain the Mortgage Note from the Custodian), the Servicer shall not have any obligation to pay the amount of any uncollected Prepayment Charge under this Section 3.20 if the failure to collect such amount is the result of inaccurate or incomplete information regarding Prepayment Charges included on the Mortgage Loan Schedule relating to the related Mortgage Loan. With respect to any Mortgage Loan as to which the original or a copy of the Mortgage Note is not in the Servicer's possession (after the Servicer has used commercially reasonable efforts to obtain the Mortgage Note from the Custodian), the Servicer may rely on the Prepayment Charge data set forth on the related Mortgage Loan Schedule and the Servicer shall not have any liability for any loss resulting from the Servicer's calculation of the Prepayment Charge utilizing the data contained in the related Mortgage Loan Schedule. Notwithstanding the above, the Servicer or its designee may waive a Prepayment Charge without paying to the Master Servicer the amount of such Prepayment Charge only if such Prepayment Charge (i) relates to a defaulted Mortgage Loan (defined as 61 days or more delinquent), and such waiver would maximize recovery of total proceeds from the Mortgage Loan, taking into account the amount of such Prepayment Charge and the related Mortgage Loan, or (ii) if the prepayment is not a result of a refinance by the Servicer or any of its affiliates and (a) a default under the Mortgage Loan is reasonably foreseeable and such waiver would maximize recovery of total proceeds taking into account the value of such a prepayment charge and the related Mortgage Loan or (b) the collection of the Prepayment Charge would be in violation of applicable laws.

  • Late Payment Charges Except for Disputed Amounts, if a Party fails to remit payment for any charges for services by the ▇▇▇▇ Due Date, or if a payment or any portion of a payment is received by a Party after the ▇▇▇▇ Due Date, or if payment is not made by check that is currently dated and drawn on an account with sufficient available funds, then a late payment charge may be assessed as provided in Section 27.8.

  • Default Charges If permitted under Applicable Law, Lender may charge Borrower fees for services performed in connection with ▇▇▇▇▇▇▇▇’s Default to protect ▇▇▇▇▇▇’s interest in the Property and rights under this Security Instrument, including: (i) reasonable attorneys’ fees and costs; (ii) property inspection, valuation, mediation, and loss mitigation fees; and (iii) other related fees.

  • Late Payment Charge If any principal, interest or any other sums due under the Loan Documents (including the amounts due on the Maturity Date) are not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of five percent (5%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Mortgage and the other Loan Documents to the extent permitted by applicable law.

  • Prepayment Premiums As of the applicable date of origination of each such Mortgage Loan, any prepayment premiums and yield maintenance charges payable under the terms of the Mortgage Loans, in respect of voluntary prepayments, constituted customary prepayment premiums and yield maintenance charges for commercial mortgage loans.