Lockout Yield Maintenance Premium definition

Lockout Yield Maintenance Premium means an amount equal to the greater of (a) one percent (1%) of the outstanding principal amount of the Loan to be prepaid or satisfied, as applicable, or (b) the Yield Maintenance Premium that would be required if a Defeasance Event had occurred (whether or not permitted under this Agreement) in an amount equal to the outstanding principal amount of the Loan to be satisfied or prepaid, as applicable; plus if the prepayment of which the Lockout Yield Maintenance Premium is a part is not paid on a Payment Date, the interest that would have accrued on the Loan through the next Payment Date.
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Lockout Yield Maintenance Premium means an amount equal to five percent (5%) of the then outstanding principal amount of the Loan.
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Lockout Yield Maintenance Premium means an amount equal to five percent (5%) of the then principal amount of the Loan.
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Examples of Lockout Yield Maintenance Premium in a sentence

  • If Lender accepts such tender, Borrower shall pay, in addition to the Debt, the Lockout Yield Maintenance Premium.

  • If prior to the Anticipated Repayment Date and following the occurrence and during the continuance of any Event of Default, Borrower shall tender payment of an amount sufficient to satisfy all or any portion of the Debt, such tender by Borrower shall be deemed to be voluntary and Borrower shall pay, in addition to the Debt, the Lockout Yield Maintenance Premium, if any, that would be required if a Defeasance Event had occurred.

  • If Lender accepts such tender, Borrower shall pay, in addition to the Debt, the Lockout Yield Maintenance Premium and any and all amounts outstanding under the Additional Loan together with any prepayment consideration to be paid in connection with a prepayment of such Additional Loan following an Event of Default under such Additional Loan.

  • Borrower shall cause the affected Individual Property to be released within thirty (30) days of the occurrence of such Casualty or Condemnation, provided, that, with respect to any such Property Release, the Release Amount shall be the Allocated Loan Amount for the affected Individual Property without payment of any Prepayment Premium or Lockout Yield Maintenance Premium.


More Definitions of Lockout Yield Maintenance Premium

Lockout Yield Maintenance Premium means an amount equal to the greater of (a) one percent (1%) of the outstanding principal amount of the Loan to be prepaid or satisfied, as applicable, or (b) the Yield Maintenance Premium that would be required if a Defeasance Event had occurred in an amount equal to the outstanding principal amount of the Loan to be satisfied or prepaid, as applicable.
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