Prepaid Installment definition

Prepaid Installment. With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.

Prepaid Installment means the amount of the prepaid principal of the Long Term Rate portion which would have been paid on a single Original Payment Date.

Prepaid Installment. With respect to any Mortgage Loan, any Monthly Payment thereon received by the relevant Servicer prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Principal Prepayment or Curtailment with respect to such Mortgage Loan.

Examples of Prepaid Installment in a sentence

• A "Prepaid Installment" is the amount of the prepaid principal that would have been due on a particular scheduled payment date (the "Scheduled Payment Date").

• The result of the present value calculation is the prepayment fee for the Prepaid Installment.

• The Bank will then add together all of the discounted monthly differences for the Prepaid Installment.

• However, as explained in the preceding paragraph, all amounts of the credit which would have been paid after the end of the Fixed Interest Rate Period shall be considered a single Prepaid Installment with a Scheduled Payment Date (for the purposes of this calculation) equal to the last day of the Fixed Interest Rate Period.

• The sum of the present values is the prepayment fee for that Prepaid Installment.

More Definitions of Prepaid Installment

Prepaid Installment means the amount of the prepaid principal of a Term Rate Advance which would have been paid on a single Original Payment Date.

Prepaid Installment means the amount of the Principal Component of the Basic Rent Payments represented by the Series 2010C Certificates to be prepaid pursuant to the terms hereof which would have been paid on the Maturity Date.

Prepaid Installment means the portion of the prepaid principal of the Loan which would have been paid on a single Original Payment Date.

Prepaid Installment. With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such

Prepaid Installment means any amount of the principal of the Bonds due on a single Original Payment Date but which is paid prior to such Original Payment Date for any reason.

Prepaid Installment. With respect to any Loan, any payment thereon received prior to the scheduled Due Date for such installment, intended by the Borrower as an early payment thereof and not as a Prepayment with respect to such Loan.

Prepaid Installment has the meaning set forth in Section 4.5(b) hereof.