Prepayment Penalty. No Mortgage Loan originated prior to October 1, 2002 will impose prepayment penalties for a term in excess of five years after origination.
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Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2007-5), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-12), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-16)
Prepayment Penalty. No Mortgage Loan originated prior to October 1, 2002 will impose has a prepayment penalties for a term penalty period in excess of five years years, and no Mortgage Loan originated on or after origination.October 1, 2002 has a prepayment penalty period in excess of three years;
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Series 2003 Nc2), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I MRT Ps THR CRT Ser 2003 Nc1), Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc MRT PSS THR Cert Ser 2002-Nc6)
Prepayment Penalty. No Mortgage Loan originated on or after October 1, 2002 will impose a prepayment premium for a term in excess of three years after its origination. No Mortgage Loan originated prior to October 1, 2002 2002, will impose a prepayment penalties premium for a term in excess of five years after its origination.;
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