Prepayment Period Sample Clauses
The Prepayment Period clause defines the specific timeframe during which a borrower is permitted to pay off all or part of a loan before its scheduled maturity date. Typically, this period may begin after a certain number of payments have been made or may be limited to a particular window within the loan term. For example, a loan agreement might allow prepayment only after the first year or restrict it to the final year of the loan. The core function of this clause is to provide clarity and structure around when prepayments are allowed, thereby protecting the lender’s expected interest income while giving the borrower flexibility to reduce debt under defined conditions.
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Prepayment Period. As to any Distribution Date and (i) the Mortgage Loans serviced by each Servicer, other than the EMC Servicer, the prepayment period specified in the related Servicing Agreement and (ii) the Mortgage Loans serviced by the EMC Servicer, the calendar month immediately preceding the month in which such Distribution Date occurs.
Prepayment Period. At any time during the term of the Loan.
Prepayment Period. 42 Primary Insurance Policy...............................................................42 Principal Allocation Amount............................................................42 Principal Distribution Amount..........................................................42 Principal Prepayment...................................................................43 Principal Prepayment in Full...........................................................43
Prepayment Period. The Master Servicer shall remit to the Master Servicer Collection Account, for deposit in the Certificate Account on the next succeeding Distribution Date, the amount of Interest Shortfalls on NCM Mortgage Loans resulting from Voluntary Principal Prepayments in full in the related Prepayment Period.
Prepayment Period. Neither the Issuers nor the Note Trustee shall issue Notes, register the transfer of Notes or exchange Notes during a period beginning at the opening of business fifteen (15) Business Days prior to any proposed Prepayment Date and ending on the relevant Prepayment Date if the Note for which exchange is requested may be among those selected for prepayment.
Prepayment Period. As to each Distribution Date, the period from but excluding the Cut-off Date to and including the 17th day of the month in which the first Determination Date occurs and each period thereafter from and including the 18th day of a month to and including the Determination Date occurring in the following month.
Prepayment Period. 30 NY1-214364.4 iii Page
Prepayment Period. The Borrower shall have the option to prepay the Loan at any time upon seven (7) days prior written notice to the Commission.][The Forgivable Loan shall not be subject to prepayment.]
Prepayment Period. The period from the date of this Agreement through and including December 11, 2008. Pricing Level. Such term shall have the meaning established within the definition of Applicable Margin. Real Estate. All real property at any, including, without limitation, the Mortgaged Properties, at the time of determination then owned or leased (as lessee or sublessee) in whole or in part or operated by REIT, the Borrower or any of their respective Subsidiaries, or an Unconsolidated Affiliate of the Borrower and which is located in the United States of America or the District of Columbia.
Prepayment Period. 31 Primary Insurance Policy...............................................................31