Default Prepayment means a prepayment of the principal amount of this Note made after the acceleration of the Maturity Date under any circumstances, including, without limitation, a prepayment occurring after an Event of Default or in connection with reinstatement of the Security Instrument provided by statute under foreclosure proceedings or exercise of a power of sale, any statutory right of redemption exercised by Borrower or any other party having a statutory right to redeem or prevent foreclosure, any sale in foreclosure or under exercise of a power of sale or otherwise.
Default Prepayment shall have the respective meanings assigned thereto in the Mortgage Note for the related Mortgage Loan.
Default Prepayment means a prepayment of the principal amount of this Agreement and the Notes made after the acceleration of the Maturity Date under any circumstances, including, without limitation, a prepayment occurring after an Event of Default or in connection with reinstatement of the Security Instrument provided by statute under foreclosure proceedings or exercise of a power of sale, any statutory right of redemption exercised by Borrower or any other party having a statutory right to redeem or prevent foreclosure, any sale in foreclosure or under exercise of a power of sale or otherwise.
Examples of Default Prepayment in a sentence
Notwithstanding anything to the contrary contained herein, upon the occurrence of an Event of Default described in Sections 2.1(a)-(j) and 2.1(m)-(o) hereof, the Holder shall have the right, at such Holder’s option, to require the Company to prepay in cash all or a portion of this Note plus all accrued and unpaid interest applicable at the time of such request (the “Event of Default Prepayment Price”).
However, they also struck the Default Prepayment Fee Language in each Deed of Trust Note and the Deed of Trust before signing the documents.
MOTION: Robert Schmidt moved, seconded by Fred Gardner, to incorporate items listed in 8b with items listed in 8a.
In the following days he waits to speak to her, but she is angry with him.
Borrower shall promptly reimburse the Lender on demand for all reasonable costs and expenses incurred by the Lender (including the reasonable fees and expenses of one outside counsel to the Lender) as a consequence of or in connection with any Default, Event of Default, Prepayment Trigger or voluntary or mandatory prepayment of the Loan.
More Definitions of Default Prepayment
Default Prepayment means a prepayment of the principal amount of the Note made after the occurrence of any Event of Default or an acceleration of the Maturity Date (as defined in the Note) under any circumstances, including, without limitation, a prepayment occurring in connection with reinstatement of this Security Instrument provided by statute under foreclosure proceedings or exercise of a power of sale, any statutory right of redemption exercised by Borrower or any other party having a statutory right to redeem or prevent foreclosure, any sale in foreclosure or under exercise of a power of sale or otherwise. Article 10 - DEFAULT
Default Prepayment means a prepayment of the principal amount of the Loan made after the occurrence of any Event of Default or an acceleration of the Maturity Date under any circumstances, including, without limitation, a prepayment occurring in connection with reinstatement of the Mortgage provided by statute under foreclosure proceedings or exercise of a power of sale, any statutory right of redemption exercised by Borrower or any other party having a statutory right of redemption exercised by Borrower or any other party having a statutory right to redeem or prevent foreclosure, any sale in foreclosure or under exercise of a power of sale or otherwise.
Default Prepayment means a prepayment of the principal amount of the Note made after the occurrence of any Default or Event of Default or an acceleration of the Maturity Date (as defined in the Note) under any circumstances, including, without limitation, a prepayment occurring in connection with reinstatement of this Security Instrument provided by statute under foreclosure proceedings or exercise of a power of sale, any statutory right of redemption exercised by Borrower or any other party having a statutory right to redeem or prevent foreclosure, any sale in foreclosure or under exercise of a power of sale or otherwise
Default Prepayment means a prepayment of any portion of the Outstanding Principal Balance made after the occurrence of a Default or Event of Default under any circumstances including a prepayment in connection with (i) reinstatement of the Mortgage provided by statute under foreclosure proceedings or exercise of power of sale, (ii) any statutory right of redemption exercised by Borrower or any other party having a statutory right to redeem or prevent foreclosure or power of sale, (iii) any sale in foreclosure or under exercise of a power of sale or otherwise (including pursuant to a credit bid made by Lender in connection with such sale), (iv) any other collection action by Lender, or (v) exercise by any Governmental Authority of any civil or criminal forfeiture action with respect to any collateral for the Loan. Prepayment Consideration shall be due and payable upon acceleration of the Loan in accordance with the terms of this Note, and the “Prepayment Date”, for the purpose of computing Prepayment Consideration, shall be the date of acceleration (automatic or otherwise) of the Obligations in accordance with the terms of the Loan Documents. Exchange of any portion of the Obligations or the related Loan Documents for a different instrument or modification of the terms of the Loan Documents, including classification and treatment of Lender’s claim (other than non-impairment under Section 1124 of the United States Bankruptcy Code or any successor provision) pursuant to a plan of reorganization in bankruptcy shall also be deemed to be a Default Prepayment hereunder.
Default Prepayment means a prepayment of the principal amount of this Note made after occurrence of a Default or Event of Default under any circumstances including a prepayment in connection with reinstatement of any Security Instrument provided by statute under foreclosure proceedings or exercise of power of sale, any statutory right of redemption exercised by Borrower or any other party having a statutory right to redeem or prevent foreclosure or power of sale, any sale in foreclosure or under exercise of a power of sale or otherwise (including pursuant to a credit bid made by Lender in connection with such sale), or any other collection action by Lender. Classification and treatment of Lender's claim pursuant to a plan of reorganization in bankruptcy shall also be deemed to be a Default Prepayment hereunder. The "DEFAULT PREPAYMENT CONSIDERATION" (as the term is used in this Note) shall mean the present value, as of the date of the occurrence of the Default, of the remaining scheduled payments of principal and interest from the date of the occurrence of the Default through the Maturity Date (including any balloon payment), which shall be determined by discounting such payments (using simple discounting) at the Discount Rate less the amount of principal being prepaid.
Default Prepayment has the meaning assigned to such term in Section 2.03(a).
Default Prepayment means a prepayment of all or any portion of the principal amount of the Loans made after the acceleration of the Loans in accordance with the terms and conditions of this Agreement; (3) the term “Lockout Prepayment” means the voluntary prepayment in full (but not in part) of the Loans during the Lockout Period, subject to the payment of the Lockout Period Prepayment Penalty, and otherwise in accordance with the terms and conditions of this Agreement; and (4) the term “Lockout Period Prepayment Penalty” shall mean an amount equal to the difference between (1) the amount of interest that Lenders would have earned on the Loans during the Lockout Period (which, for the period from and after the date a Lockout Prepayment or Default Prepayment, as applicable, occurs, shall be based on a fixed rate per annum equal to the then applicable rate of interest applicable to LIBOR Rate Loans in effect just prior to the occurrence of the applicable Lockout Prepayment or Termination Event resulting in the Default Prepayment), as applicable, and (2) the amount of interest actually paid to Lenders through and including the date of the Lockout Prepayment or Default Prepayment, as applicable.