Common use of Premium Recapture Clause in Contracts

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three months following the Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties prepayment penalties that prepays in full during the first three months following the Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties a prepayment penalty, in the event that any such Mortgage Loan prepays in full during the first three months following the related Closing Date, the Seller shall pay the Purchaser, within three ten (310) Business Days after of such prepayment in full, an amount equal to the excess product of the applicable percentage of par as stated in the related Purchase Price Percentage for such Mortgage Loan over par, multiplied by and Terms Agreement (subject to adjustment as provided therein) and the outstanding principal balance Stated Principal Balance of such Mortgage Loan as of the related Cut-off Date.

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties prepayment penalties that prepays in full during the first three months following the related Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding actual principal balance of such Mortgage Loan as of the related Cut-off Date.

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties prepayment penalties that prepays in full during the first three six months following the related Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties prepayment penalties that prepays in full during the first three months following the related Closing Date, the Seller shall pay the Purchaser, within three five (35) Business Days after such prepayment in fullfull or repurchase, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

Premium Recapture. With respect to any Mortgage Loan without a Prepayment Penalties Penalty that prepays in full during the first three months following the related Closing Date, the Seller shall pay the Purchaser, within three twenty (320) Business Days days after such notification of prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Dateprepayment date.

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three months ninety days following the Closing Date, the Seller Company shall pay the Purchaser, within three (3) Business Days after such prepayment in fullfull or repurchase, an amount equal to the excess of (i) the Purchase Price Percentage purchase price percentage for such Mortgage Loan as stated in the Commitment Letter over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off DateDate over (ii) any Prepayment Penalties collected on such prepaid Mortgage Loans.

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three six (6) months following the related Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three months sixty (60) days following the related Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in fullfull or repurchase, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date, less the amount of any Prepayment Penalties actually received by the Purchaser prior to the date the Seller makes such payment to the Purchaser.