Common use of Restrictions on Prepayment Clause in Contracts

Restrictions on Prepayment. Except as otherwise provided in this Section 5, there shall be no prepayment, in whole or in part, of the principal of all or any of the Mortgage Notes. The Company waives any right to prepay the Mortgage Notes except under the terms and conditions as set forth in this Section 5 and agrees that if the Mortgage Notes are prepaid, the Company shall pay the Mortgage Note Make-Whole Amount (to the extent required by the terms hereof). The Company hereby acknowledges that (a) the inclusion of this waiver of prepayment rights and agreement to pay the Mortgage Note Make-Whole Amount upon prepayment of the Mortgage Notes was separately negotiated with the Purchaser, (b) the economic value of the various elements of this waiver and agreement was discussed between the Company and the Purchaser, (c) the consideration given by the Purchaser for the Mortgage Notes was adjusted to reflect the specific waiver and agreement negotiated between the Company and the Purchaser and contained herein and (d) this waiver is intended to comply with California Civil Code Section 2954.

Restrictions on Prepayment. Except as otherwise provided in this Section 56, there shall be no prepayment, in whole or in part, of the principal of all or any of the Mortgage Notes. The Company waives any right to prepay the Mortgage Notes except under the terms and conditions as set forth in this Section 5 6 and agrees that if the Mortgage Notes are prepaid, the Company shall pay the Mortgage Note Make-Whole Amount (to the extent required by the terms hereof). The Company hereby acknowledges that (a) the inclusion of this waiver of prepayment rights and agreement to pay the Mortgage Note Make-Whole Amount upon prepayment of the Mortgage Notes was separately negotiated with the Purchaser, (b) the economic value of the various elements of this waiver and agreement was discussed between the Company and the Purchaser, (c) the consideration given by the Purchaser for the Mortgage Notes was adjusted to reflect the specific waiver and agreement negotiated between the Company and the Purchaser and contained herein and (d) this waiver is intended to comply with California Civil Code Section 2954.2954.10. The Company's Initials //s//JG -------

Restrictions on Prepayment. Except as otherwise provided in this Section 56, there shall be no prepayment, in whole or in part, of the principal of all or any of the Mortgage Exchange Notes. The Company Parent waives any right to prepay the Mortgage Exchange Notes except under the terms and conditions as set forth in this Section 5 6 and agrees that if the Mortgage Exchange Notes are prepaid, the Company Parent shall pay the Mortgage Exchange Note Make-Whole Amount (to the extent required by the terms hereof). The Company Parent hereby acknowledges that (a) the inclusion of this waiver of prepayment rights and agreement to pay the Mortgage Exchange Note Make-Whole Amount upon prepayment of the Mortgage Exchange Notes was separately negotiated with the Purchaser, (b) the economic value of the various elements of this waiver and agreement was discussed between the Company Parent and the Purchaser, (c) the consideration given by the Purchaser for the Mortgage Exchange Notes was adjusted to reflect the specific waiver and agreement negotiated between the Company Parent and the Purchaser and contained herein and (d) this waiver is intended to comply with California Civil Code Section 29542954.10.

Restrictions on Prepayment. Except as otherwise provided in this Section 56, there shall be no prepayment, in whole or in part, of the principal of all or any of the Mortgage Notes. The Company waives any right to prepay the Mortgage Notes except under the terms and conditions as set forth in this Section 5 6 and agrees that if the Mortgage Notes are prepaid, the Company shall pay the Mortgage Note Make-Whole Amount (to the extent required by the terms hereof). The Company hereby acknowledges that (a) the inclusion of this waiver of prepayment rights and agreement to pay the Mortgage Note Make-Whole Amount upon prepayment of the Mortgage Notes was separately negotiated with the Purchaser, (b) the economic value of the various elements of this waiver and agreement was discussed between the Company and the Purchaser, (c) the consideration given by the Purchaser for the Mortgage Notes was adjusted to reflect the specific waiver and agreement negotiated between the Company and the Purchaser and contained herein and (d) this waiver is intended to comply with California Civil Code Section 2954.

Restrictions on Prepayment. Except as otherwise provided in this Section 56, there shall be no prepayment, in whole or in part, of the principal of all or any of the Mortgage Notes. The Company waives any right to prepay the Mortgage Notes except under the terms and conditions as set forth in this Section 5 and agrees that if the Mortgage Notes are prepaid, the Company shall pay the Mortgage Note Make-Whole Amount (to the extent required by the terms hereof). The Company hereby acknowledges that (a) the inclusion of this waiver of prepayment rights and agreement to pay the Mortgage Note Make-Whole Amount upon prepayment of the Mortgage Notes was separately negotiated with the Purchaser, (b) the economic value of the various elements of this waiver and agreement was discussed between the Company and the Purchaser, (c) the consideration given by the Purchaser for the Mortgage Notes was adjusted to reflect the specific waiver and agreement negotiated between the Company and the Purchaser and contained herein and (d) this waiver is intended to comply with California Civil Code Section 2954.