Early Prepayment Premium definition

Early Prepayment Premium means an amount equal to 1.00% of the aggregate amount of any Loan prepaid pursuant to Section 2.02(l)(i)(D) or Commitments terminated pursuant to Section 2.02(l)(ii), as applicable, on such date.
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Early Prepayment Premium means: (x) with respect to any Early Prepayment made prior to the date of a Triggering Event Notice, an amount, if positive, equal to: (a) for Early Prepayments made after October 27, 2016 and on or prior to October 27, 2017, a make-whole amount equal to the sum of: (i) the net present value of the interest that would have accrued and been paid with respect to such Early Prepayment (if such Early Prepayment had not been made) from the date of such prepayment up to and including October 27, 2017 (using a rate of interest equal to the Adjusted LIBO Rate in effect on the date of such Early Prepayment plus the Applicable Percentage), discounted at the applicable Treasury Rate plus 0.5%; plus (ii) the net present value of the interest that would have accrued and been paid with respect to such Early
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Early Prepayment Premium. With respect to any Mortgage Loan is prepaid during the period specified in Subsection 7.05 of the related Mortgage Loan Purchase Agreement, the amount by which the purchase price paid for such Mortgage Loan by the Seller pursuant to the related terms letter exceeds 100% of the outstanding scheduled principal balance of such Mortgage Loan as of the applicable cut-off date specified in the related terms letter.
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Examples of Early Prepayment Premium in a sentence

  • In connection with any such reduction in whole or in part of the unused Commitments (but not a cancellation of the ability to request Discretionary Loans or the automatic partial reduction of Commitments to occur on November 1, 2020) effective on or prior to March 23, 2022, the Borrower shall pay the Early Prepayment Premium in accordance with the Fee Letter (without double counting for any amounts paid pursuant to clause (i)(D) above).

  • All prepayments of Borrowings under this Section 2.12 shall be subject to Section 2.15, but shall otherwise be without premium or penalty, and shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment; provided, however, that the Borrower will pay an Early Prepayment Premium with respect to any such payment that constitutes an Early Prepayment.

  • In the event of reduction of the principal balance of the Loan pursuant to this Section 9 no prepayment penalty, premium or other charges, including, without limitation, the Early Prepayment Premium or the Prepayment Premium, shall be payable to Lenders or Agent.

  • All prepayments under this Section 2.11 shall be subject to Section 2.15 but otherwise without premium (other than an Early Prepayment Premium, if applicable) or penalty.


More Definitions of Early Prepayment Premium

Early Prepayment Premium means: (x) with respect to any Early Prepayment made prior to the date of a Triggering Event Notice, an amount, if positive, equal to: (a) for Early Prepayments made after October 27, 2016 and on or prior to October 27, 2017, a make-whole amount equal to the sum of: (i) the net present value of the interest that would have accrued and been paid with respect to such Early Prepayment (if such Early Prepayment had not been made) from the date of such prepayment up to and including October 27, 2017 (using a rate of interest equal to the Adjusted LIBO Rate in effect on the date of such Early Prepayment plus the Applicable Percentage), discounted at the applicable Treasury Rate plus 0.5%; plus (ii) the net present value of the interest that would have accrued and been paid with respect to such Early Prepayment (if such Early Prepayment had not been made) after October 27, 2017 up to and including December 31, 2017 (using a reduced rate of interest equal to the Adjusted LIBO Rate in effect on the date of such Early Prepayment plus 6.00% per annum), discounted at the applicable Treasury Rate plus 0.5%; and (b) for Early Prepayments made after October 27, 2017 and on or prior to December 31, 2017, a make-whole amount equal to the net present value of the interest that would have accrued and been paid with respect to such Early Prepayment if not prepaid from the date of prepayment up to and including December 31, 2017 (using a reduced rate of interest equal to the Adjusted LIBO Rate in effect on the date of such Early Prepayment plus 6.00% per annum), discounted at the applicable Treasury Rate plus 0.5%; provided, however, that with respect to any Early Prepayment (other than an Early Prepayment resulting from an Event of Default with respect to the Borrower arising under Article VII(g) or Article VII(h), which shall be subject to the Early Prepayment Premium set forth subsection (x)(a) or (x)(b) hereof, as applicable), the Early Prepayment Premium shall equal (A) for any such Early Prepayment described in clause (x)(a) above, the amount set forth in clause (x)(a) above multiplied by ONE THIRD (1/3), or (B) for any such Early Prepayment described in clause (x)(b) above, the amount set forth in clause (x)(b) above multiplied by ONE HALF (1/2); and (y) with respect to any Early Prepayment made on or after the date of a Triggering Event Notice, $0. Notwithstanding anything herein to the contrary, in the event the Loans are prepaid in full via a replacement credit facil...
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Early Prepayment Premium means: (x) with respect to any Early Prepayment made prior to the date of a Triggering Event Notice, an amount, if positive, equal to: (a) for Early Prepayments made after the First Amendment Effective Date and on or prior to the one-year anniversary of the First Amendment Effective Date, a make-whole amount equal to the sum of:
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Early Prepayment Premium means the greater of (a) $0 and (b) the product of (i) the difference between (x) percent ( %) less (y) the then-current 17-year SIFMA Swap Rate with an end date of January 1, 2038, times (ii) the Outstanding principal amount of the Bonds, times (iii) the number of months remaining from the date of a prepayment to which this definition applies until January 1, 2038, divided by twelve (12). The Controlling Person shall calculate, or cause to be calculated, the Early Prepayment Premium and deliver the calculation thereof, in reasonable detail to the Trustee and Issuer, not later than five (5) Business Days prior to the date of a prepayment to which this definition applies.
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Early Prepayment Premium means, as calculated by the Calculation Agent, an amount with respect to the Certificates (or portion thereof) prepaid equal to the greater of (1) zero and (2) an amount equal to (a) the sum of the present values of the remaining scheduled payments of principal of, interest on and Tax Credits related to, the Certificates (or portion thereof) called for prepayment (exclusive of interest accrued to the date of prepayment), discounted to the date of prepayment on a semiannual basis (assuming a 360-day year, consisting of 12 months of 30 days each) at a rate per annum equal to the Discount Rate, minus (b) the principal amount of the Certificates (or portion thereof) called for prepayment.
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Early Prepayment Premium means the greater of (a) $10 and (b) the product of (i) the difference between (1) 2.15%, less (2) 70% of the then-current 3-month LIBOR Swap Rate with an end date of April 30, 2035, times (ii) the principal amount of Bonds Outstanding, times (iii) the number of months between the optional redemption date, established pursuant to Section 2.12(a) hereof, and April 30, 2035, rounded up to the nearest whole number, times (iv) 8.33%. The Controlling Person shall calculate, or cause to be calculated, the Early Prepayment Premium and deliver the calculation thereof, in reasonable detail to the Trustee and Issuer, not later than five (5) Business Days prior to the redemption date.
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Related to Early Prepayment Premium

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Prepayment means, with respect to any Receivable, any prepayment, whether in part or in full, in respect of such Receivable.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Excess Prepayment Interest Shortfall With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and/or the portion of any compensating interest payments allocable to any Outside Serviced Mortgage Loan to the extent received from the related Outside Master Servicer.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).