Anticipated Repayment Date definition

Anticipated Repayment Date. With respect to any ARD Mortgage Loan, the date specified in the related Mortgage Note, as of which Post-ARD Additional Interest shall begin to accrue on such Mortgage Loan, which date is prior to the Stated Maturity Date for such Mortgage Loan.

Anticipated Repayment Date or “ARD”: With respect to any ARD Mortgage Loan, the date upon which such ARD Mortgage Loan commences accruing interest at its Revised Rate.

Anticipated Repayment Date. With respect to any Mortgage Loan that is indicated on the Mortgage Loan Schedule as having a Revised Rate, the date upon which such Mortgage Loan commences accruing interest at such Revised Rate.

Examples of Anticipated Repayment Date in a sentence

• No Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature (except that an ARD Loan may provide for the accrual of the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or an equity participation by the Mortgage Loan Seller.

• No Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature (except that an ARD Loan may provide for the accrual of the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or an equity participation by the Seller.

• No Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature (except that an ARD Loan may provide for the accrual of the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or an equity participation by Seller.

• No ARD Loan provides that the property manager for the related Mortgaged Property can be removed by or at the direction of the mortgagee solely because of the passage of the related Anticipated Repayment Date.

• Each ARD Loan has an Anticipated Repayment Date not less than five years following the origination of such Mortgage Loan.

More Definitions of Anticipated Repayment Date

Anticipated Repayment Date means, with respect to each ARD Mortgage Loan, the anticipated maturity date set forth in the related Mortgage Note.

Anticipated Repayment Date shall have the meaning assigned to such term in the Mortgage Loan Agreement.

Anticipated Repayment Date means, with respect to the ARD Loans, the anticipated maturity date set forth in the related Mortgage Note.

Anticipated Repayment Date means, with respect to the ARD Loans, the date on which a substantial principal payment on an ARD Loan is anticipated to be made, as set forth in the related Mortgage Note.

Anticipated Repayment Date means the date on which all or substantially all of any Excess Cash Flow is required to be applied toward prepayment of the related Mortgage Loan and on which any such Mortgage Loan begins accruing Excess Interest.

Anticipated Repayment Date shall have the meaning ascribed to it in Section 2.01(a)(iv) hereof.

Anticipated Repayment Date means, with respect to any Purchased Asset that is indicated on the Purchased Asset Schedule as having a Revised Rate, the date upon which such Purchased Asset commences accruing interest at such Revised Rate.