Net Prepayments definition

Net Prepayments. As to any Distribution Date and Loan Group, the amount equal to the excess, if any, of the (i) Principal Prepayment Amount for that Loan Group over (ii) the aggregate amount of Deferred Interest accrued on the Mortgage Loans in that Loan Group from the preceding Due Date to the Due Date related to that Distribution Date.
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Net Prepayments. As to any Distribution Date, the amount equal to the excess, if any, of the (i) Principal Prepayment Amount for that Distribution Date over (ii) the aggregate amount of Deferred Interest accrued on the Mortgage Loans from the preceding Due Date to the Due Date related to that Distribution Date.
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Net Prepayments. With respect to any Distribution Date and any Loan Group, Principal Prepayments net of Deferred Interest with respect to that Loan Group.
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Examples of Net Prepayments in a sentence

  • As to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is equal to the aggregate Class Certificate Balance of the Subordinated Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Net Prepayments received in the Prepayment Period related to that prior Due Date).

  • For purposes of SECTION 4.1(B), the Estimated Net Prepayments and Inventory shall not include the Inventory Value of any Non-qualified Inventory.

  • For purposes of SECTION 4.2, the Final Net Prepayments and Inventory shall only include the Inventory Value of Non-qualified Inventory that is disposed of by Purchaser prior to the time the Final Net Prepayments and Inventory is finally determined.

  • If the Purchaser and the Parent fail to resolve such dispute within 30 days after the Parent advises the Purchaser of its objections, then the Purchaser and the Parent, jointly, shall engage a mutually agreed upon independent public accounting firm (the "INDEPENDENT ACCOUNTING FIRM") to resolve the amount of Final Net Prepayments and Inventory based upon the definitions contained in this Agreement.

  • The Net Prepayments and Inventory Statement shall be delivered to the Parent in detail sufficient to allow the Parent to derive the Purchaser's calculation of Final Net Prepayments and Inventory.

  • If the Final Net Prepayments and Inventory is greater than the Estimated Net Prepayments and Inventory, the Purchaser shall pay to the Parent by bank wire transfer of immediately available funds to an account designated in writing by the Parent, an amount equal to the Final Net Prepayments and Inventory less the Estimated Net Prepayments and Inventory.

  • Such acquisition and assumption will be included in the calculation of the Estimated Net Prepayments and Inventory and Final Net Prepayments and Inventory.

  • INTRAGOVERNMENTAL ASSETS: Fund Balance Accounts Advances andAgency with Treasury Receivable, Net Prepayments TotalsTreasury$ 17,503,843$ –$ -$ 17,503,843Dept of Agriculture–819,9283,026822,954Dept of Commerce––532532Dept of State––18,19718,197Other–3,0058,82111,826Total$ 17,503,843$ 822,934$ 30,575$ 18,357,352 INTRAGOVERNMENTAL LIABILITIES: INTRAGOVERNMENTAL EARNED REVENUES AND RELATED COSTS:USAID's intragovernmental earned revenues are not greater than $500 million.

  • Purchaser shall pay Parent the Inventory Value of any Non-qualified Inventory that is disposed of after the Final Net Prepayments and Inventory is finally determined within 30 business days from the date of such disposal.

  • In the event that the Parent does not notify the Purchaser of a dispute with respect to the Net Prepayments and Inventory Statement within such 30-day period, such Net Prepayments and Inventory Statement will be final, conclusive and binding on the parties and shall be deemed the finally determined Final Net Prepayments and Inventory.


More Definitions of Net Prepayments

Net Prepayments. With respect to any Distribution Date and any Subgroup, Principal Prepayments net of Deferred Interest with respect to that Subgroup.
Sample 1

Related to Net Prepayments

  • Prepayments means any moneys which shall be paid to the Issuer prior to the time such amounts become due. Prepayments shall not include any interest paid on such moneys.

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

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

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

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

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

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • 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 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.

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • 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.

  • 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.

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

  • Net Prepayment Interest Shortfalls As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for that Loan Group during the related Prepayment Period exceeds the amount of Compensating Interest available to such Loan Group for such Distribution Date.

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

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

  • 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.

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

  • Net Prepayment Interest Shortfall For any Distribution Date, the amount by which the sum of the Prepayment Interest Shortfalls exceeds the sum of the Compensating Interest payments made on such Distribution Date.

  • 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.

  • 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.

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

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

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

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).