Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of three (3) years following origination;
Appears in 30 contracts
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2007-2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He7)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty Prepayment Penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of three (3) years following origination;
Appears in 25 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Mortgage Loan Purchase Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty Prepayment Penalty as provided in the related Mortgage Note is identified unless otherwise indicated on the related Mortgage Loan Schedule. With , and (i) with respect to Mortgage Loans originated prior to October 1, 2002, no such Mortgage Loan has a Prepayment Penalty may be imposed for a term period in excess of five years, and (5ii) years following origination. With with respect to Mortgage Loans originated on or after October 1, 2002, no such Mortgage Loan has a Prepayment Penalty may be imposed for a term period in excess of three (3) years following originationfive years;
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (FFMLT Trust 2005-Ffa), Pooling and Servicing Agreement (FFMLT Trust 2005-Ff11), Pooling and Servicing Agreement (FFMLT Trust 2006-Ff3)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty Prepayment Penalty as provided in the related Mortgage Note is identified unless otherwise indicated on the related Mortgage Loan Schedule. With respect to No Mortgage Loans originated prior to October 1, 2002, no such Loan has a Prepayment Penalty may be imposed for a term period in excess of five (5) years following origination. With respect to from the date of origination and no Mortgage Loans Loan originated on or after October 1, 2002, no such 2002 has a Prepayment Penalty may be imposed for a term period in excess of three (3) years following from the date of origination;.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Gsamp Trust 2003-He1), Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2003-Sea), Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-He2)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of three (3) years following origination, unless otherwise stated on the Mortgage Loan Schedule;
Appears in 3 contracts
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of three (3) years following origination;origination unless otherwise noted on the related Mortgage Loan Schedule.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Sabr Trust 2005-Fr2), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2005-He1)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty Prepayment Penalty as provided in the related Mortgage Note is identified unless otherwise indicated on the related Mortgage Loan Schedule. With , and (i) with respect to Mortgage Loans originated prior to October 1, 20022004, no such Mortgage Loan has a Prepayment Penalty may be imposed for a term period in excess of five years, and (5ii) years following origination. With with respect to Mortgage Loans originated on or after October 1, 20022004, no such Mortgage Loan has a Prepayment Penalty may be imposed for a term period in excess of three (3) years following originationyears;
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (FFMLT Trust 2005-Ff8), Pooling and Servicing Agreement (Gs-FFMLT 2006-Ff13)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty Prepayment Penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of three (3) years following origination;
Appears in 2 contracts
Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar), Pooling and Servicing Agreement (Morgan Stanley Ixis Real Estate Capital Trust 2006-2)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty Prepayment Charge as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Penalty Charge may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Penalty Charge may be imposed for a term in excess of three (3) years following origination;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He2)
Prepayment Penalty. Each Mortgage Loan that is subject to a prepayment penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such -27- Prepayment Penalty may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of three (3) years following origination;
Appears in 1 contract
Samples: Mortgage Loan Sale and Servicing Agreement (Sunset Financial Resources Inc)
