Common use of Loss Resulting from Prepayment Clause in Contracts

Loss Resulting from Prepayment. Borrower acknowledges and agrees that: (1) any prepayment of the unpaid principal balance of the Mortgage Loan, whether voluntary or involuntary, or resulting from a default by Borrower, will result in Lender’s incurring loss, including reinvestment loss, additional risk, expense and frustration or impairment of Lender’s ability to meet its commitments to third parties; (2) it is extremely difficult and impractical to ascertain the extent of such losses, risks and damages; (3) the formula for calculating the Prepayment Premium represents a reasonable estimate of the losses, risks and damages Lender will incur as a result of a prepayment; and (4) the provisions regarding the Prepayment Premium contained in this Loan Agreement are a material part of the consideration for the Mortgage Loan, and that the terms of the Mortgage Loan are in other respects more favorable to Borrower as a result of Borrower’s voluntary agreement to such prepayment provisions.

Loss Resulting from Prepayment. Borrower acknowledges and agrees that: (1) any prepayment of the unpaid principal balance of the Mortgage Loan, whether voluntary or involuntary, or resulting from a default by Borrower, will result in Lender’s 's incurring loss, including reinvestment loss, additional risk, expense and frustration or impairment of Lender’s 's ability to meet its commitments to third parties; (2) it is extremely difficult and impractical to ascertain the extent of such losses, risks and damages; (3) the formula for calculating the Prepayment Premium represents a reasonable estimate of the losses, risks and damages Lender will incur as a result of a prepayment; and (4) the provisions regarding the Prepayment Premium contained in this Loan Agreement are a material part of the consideration for the Mortgage Loan, and that the terms of the Mortgage Loan are in other respects more favorable to Borrower as a result of Borrower’s 's voluntary agreement to such prepayment provisions.

Loss Resulting from Prepayment. Borrower acknowledges and agrees that: (1) any prepayment of the unpaid principal balance of the Mortgage Loan, whether voluntary or involuntary, or resulting from a default by Borrower, will result in Lender’s incurring loss, including reinvestment loss, additional risk, expense and frustration or impairment of Lender’s ability to meet its commitments to third parties; (2) it is extremely difficult and impractical to ascertain the extent of such losses, risks and damages; (3) the formula for calculating the Prepayment Premium Exit Fee represents a reasonable estimate of the losses, risks and damages Lender will incur as a result of a prepayment; and (4) the provisions regarding the Prepayment Premium Exit Fee contained in this Loan Agreement are a material part of the consideration for the Mortgage Loan, and that the terms of the Mortgage Loan are in other respects more favorable to Borrower as a result of Borrower’s voluntary agreement to such prepayment provisions.

Loss Resulting from Prepayment. Borrower acknowledges and agrees thatthat if a Prepayment Premium is due: (1) any prepayment of the unpaid principal balance of the Mortgage Loan, whether voluntary or involuntary, or resulting from a default following the occurrence of an Event of Default by Borrower, will result in Lender’s incurring loss, including reinvestment loss, additional risk, expense and frustration or impairment of Lender’s ability to meet its commitments to third parties; (2) it is extremely difficult and impractical to ascertain the extent of such losses, risks and damages; (3) the formula for calculating the Prepayment Premium represents a reasonable estimate of the losses, risks and damages Lender will incur as a result of a prepayment; and (4) the provisions regarding the Prepayment Premium contained in this Loan Agreement are a material part of the consideration for the Mortgage Loan, and that the terms of the Mortgage Loan are in other respects more favorable to Borrower as a result of Borrower’s voluntary agreement to such prepayment provisions.