Mandatory Prepayment Date Assumption definition

Mandatory Prepayment Date Assumption. The assumption set forth in Exhibit B (Servicing Proposal) to the PCFII Servicing Rights Purchase Agreement to the effect that, except as disclosed to the Master Servicer, no Mortgage Loan under such agreement has terms under which it may be paid off, in whole or in part, on a date other than a due date or maturity date (including during open periods) without payment of a full month of interest.
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Mandatory Prepayment Date Assumption. The assumption set forth in Exhibit B (Servicing Proposal) to the Servicing Rights Purchase Agreement dated April 1, 2005 between Principal Commercial Funding, LLC, as Seller, and the Master Servicer, as Purchaser, to the effect that, except as disclosed to the Master Servicer, no Mortgage Loan has terms under which it may be paid off, in whole or in part, on a date other than a due date or maturity date (including during open periods) without payment of a full month of interest. "Master Servicer": As defined in the preamble to this Agreement.
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Mandatory Prepayment Date Assumption. The assumption set forth in Exhibit B (Servicing Proposal) to the Servicing Rights Purchase Agreement dated December 6, 2006 between Principal Commercial Funding, LLC, as Seller, and the Master Servicer, as Purchaser, and Exhibit B (Servicing Proposal) to the Servicing Rights Purchase Agreement dated December 6, 2006 between Principal Commercial Funding II, LLC, as Seller, to the effect that, except as disclosed to the Master Servicer in the servicing tape referred to therein, no Mortgage Loan has terms under which it may be paid off, in whole or in part, on a date other than a due date or maturity date (including during open periods) without payment of a full month of interest.
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Examples of Mandatory Prepayment Date Assumption in a sentence

  • The amount of damages, if any, due and owing from the Primary Servicer under the PCFII Servicing Rights Purchase Agreement with respect to an inaccuracy of the Mandatory Prepayment Date Assumption shall be reduced by the amount of any Compensating Interest paid by the Primary Servicer hereunder with respect to the applicable Mortgage Loan.

  • Financial distress will not be experienced by firms if the firm has a high firm size.

  • The amount of damages, if any, due and owing from the Primary Servicer under the Servicing Rights Purchase Agreement, dated as of November 1, 2004 between the Master Servicer and the Primary Servicer, with respect to an inaccuracy of the Mandatory Prepayment Date Assumption shall be reduced by the amount of any Compensating Interest paid by the Primary Servicer hereunder with respect to the applicable Mortgage Loan.

  • The amount of damages, if any, due and owing from the Primary Servicer under the Servicing Rights Purchase Agreement, dated as of November 17, 2005 between the Master Servicer and the Primary Servicer, with respect to an inaccuracy of the Mandatory Prepayment Date Assumption shall be reduced by the amount of any Compensating Interest paid by the Primary Servicer hereunder with respect to the applicable Mortgage Loan.

Related to Mandatory Prepayment Date Assumption

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

  • Prepayment Assumption As defined in the Prospectus Supplement.

  • 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.

  • Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

  • Mandatory Prepayments has the meaning given to such term in Section 1.2(b).

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

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

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

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Proposed Prepayment Date is defined in Section 8.3(c).

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Waivable Mandatory Prepayment shall have the meaning assigned to such term in Section 2.11(e).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

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

  • 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).

  • Mandatory Prepayment Event means any of the following:

  • 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.

  • Discounted Prepayment Effective Date means in the case of a Borrower Offer of Specified Discount Prepayment or Borrower Solicitation of Discount Range Prepayment Offer, five (5) Business Days following the receipt by each relevant Term Lender of notice from the Auction Agent in accordance with Section 2.11(a)(ii)(B), Section 2.11(a)(ii)(C) or Section 2.11(a)(ii)(D), as applicable unless a shorter period is agreed to between the Borrower and the Auction Agent.

  • 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.

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

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Required Prepayment Date as defined in Section 2.15(c).