Open Prepayment Date definition

Open Prepayment Date shall have the meaning set forth in the Mortgage Loan Agreement.

Open Prepayment Date means the Monthly Payment Date occurring in September 2031.

Open Prepayment Date means the date which is the Monthly Payment Date occurring three (3) months prior to the Stated Maturity Date.

Examples of Open Prepayment Date in a sentence

• Notwithstanding anything to the contrary contained herein, and provided that Borrower shall deliver to Lender a Prepayment Notice, Borrower may prepay the entire principal balance of the Note and any other amounts outstanding under the Note, this Agreement, or any of the other Loan Documents, without payment of the Prepayment Fee or any other prepayment premium, penalty or fee, on any Business Day on or after the Open Prepayment Date.

• If any such payment of the Debt pursuant to the preceding sentence is made on any date other than the Open Prepayment Date or any Payment Date thereafter prior to the Stated Maturity Date, such payment shall be accompanied by a payment in an amount equal to interest on the unpaid Principal through the end of the Interest Period during which such payment is made.

• Borrower, pursuant to the Defeasance Security Agreement, shall authorize and direct that the payments received from Defeasance Collateral be made directly to Lender and applied to satisfy the Obligations, including payment in full of the Outstanding Principal Balance as of the Open Prepayment Date.

• Notwithstanding the foregoing, if (i) no Event of Default then exists, the Yield Maintenance Premium shall not be due in connection with a prepayment of the Loan on or after the Open Prepayment Date and (ii) there exists an Event of Default, then, irrespective of when prepayment is made, Lender shall be entitled to receive, in addition to the unpaid Principal and accrued interest and other sums due under the Loan Documents, an amount equal to the Yield Maintenance Premium.

• Notwithstanding anything to the contrary contained herein, and provided that Borrowers shall deliver to Lender a Prepayment Notice, Borrowers may prepay the entire principal balance of the Note and any other amounts outstanding under the Note, this Agreement, or any of the other Loan Documents, without payment of the Prepayment Fee or any other prepayment premium, penalty or fee, on any Business Day on or after the Open Prepayment Date.

More Definitions of Open Prepayment Date

Open Prepayment Date means December 6, 2027.

Open Prepayment Date means the Monthly Payment Date occurring in May, 2031.

Open Prepayment Date means March 6, 2024.

Open Prepayment Date shall have the meaning set forth in Section 2.4.1 hereof.

Open Prepayment Date means February 1, 2020.

Open Prepayment Date means the date which is the Payment Date occurring four (4) months prior to the Stated Maturity Date.

Open Prepayment Date means April 6, 2021.