Prepayment Lockout Period definition
Examples of Prepayment Lockout Period in a sentence
Prepayment Lockout Period The first (1st) Advance Year of the term of the Advance.
In the event of a prepayment made after an acceleration of the Loan, Borrower shall also pay to Lender the Yield Maintenance Premium to the extent such prepayment is made prior to expiration of the Prepayment Lockout Period.
Borrower shall not make a voluntary partial prepayment on the Mortgage Loan at any time during the Loan Term, or a voluntary full prepayment on the Mortgage Loan at any time during any Prepayment Lockout Period.
Telecopy: (212) ▇▇▇-▇▇▇▇ ▇r to such other address as the party to whom notice is given may have previously furnished to the others in writing in the manner set forth above.
Borrower shall not make a voluntary full or partial prepayment on the Mortgage Loan during any Prepayment Lockout Period nor shall Borrower make a voluntary partial prepayment at any time.