Common use of Prepayment Premiums Clause in Contracts

Prepayment Premiums. To the Assignor's knowledge, no Mortgage Loan originated on or after October 1, 2002 will impose a prepayment premium for a term in excess of three years. Any loans originated prior to such date, and any non-subprime loans, will not impose prepayment penalties in excess of five years.

Appears in 13 contracts

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-10), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-9), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-2)

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Prepayment Premiums. To the Assignor's knowledge, no Mortgage Loan originated on or after October 1, 2002 will impose a prepayment premium for a term in excess of three (3) years. Any loans originated prior to such date, and any non-subprime loans, will not impose prepayment penalties in excess of five (5) years.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-6)

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Prepayment Premiums. To the Assignor's knowledge, no Mortgage Loan originated on or after October 1, 2002 will impose a prepayment premium for a term in excess of three years. Any loans originated prior to such date, and any non-subprime loans, will not impose prepayment penalties in excess of five (5) years.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-19)

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