Prepayment Penalty Amount definition

Prepayment Penalty Amount. With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

Prepayment Penalty Amount. With respect to any Mortgage Loan and each Distribution Date, all premiums or charges, if any, paid by Mortgagors under the related Mortgage Notes as a result of full or partial Principal Prepayments collected by the applicable Servicer during the immediately preceding Prepayment Period, but only to the extent required to be remitted to the Master Servicer on the applicable Servicer Remittance Date under the terms of the related Servicing Agreement.

Prepayment Penalty Amount. With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period. Prepayment Penalty Schedule: A data field in the Mortgage Loan Schedule attached hereto as Exhibit A which sets forth the amount or method of calculation of the Prepayment Penalty Amount and the term during which such Prepayment Penalty Amount is imposed with respect to a Mortgage Loan.

Examples of Prepayment Penalty Amount in a sentence

• The Prepayment Penalty Amounts listed on the Prepayment Penalty Amount Schedule attached hereto as Exhibit A are complete, true and accurate and may be relied on by the Servicer in its calculation of Prepayment Penalty Amounts.

• If the Prepayment Penalty Amount data set forth on Exhibit A is incorrect, then the Servicer shall have no liability for any loss resulting from calculation of Prepayment Penalty Amounts using the data provided.

• Except as provided below, the Servicer or any designee of the Servicer shall not waive any Prepayment Penalty Amount with respect to any Mortgage Loan.

• Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any Prepayment Penalty Amount) shall be retained by the Master Servicer (or the applicable Servicer) and shall not be deposited in the Collection Account.

• Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (but not including any Prepayment Penalty Amount) shall be retained by the Master Servicer (or the applicable Servicer) and shall not be deposited in the Collection Account.

More Definitions of Prepayment Penalty Amount

Prepayment Penalty Amount. As to each Distribution Date, the amount, if any, received on the GNMA Securities prior to such date (and not previously distributed) representing prepayment penalties with respect to prepayments of mortgage loans underlying the GNMA Securities which prepayments are included in the Cash Flow Distribution Amount for such Distribution Date.

Prepayment Penalty Amount. With respect to any Remittance Date, all premiums or charges paid by the Mortgagors due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

Prepayment Penalty Amount. With respect to any Distribution Date, the sum of any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan or by the Servicer to the extent such Servicer improperly waives such prepayment fees and penalties.

Prepayment Penalty Amount. Not Applicable.

Prepayment Penalty Amount. As to each Distribution Date, the amount, if any, received on the Xxxxxx Xxx Securities prior to such date (and not previously distributed) representing prepayment penalties with respect to prepayments of mortgage loans underlying the Xxxxxx Mae Securities which prepayments are included in the Cash Flow Distribution Amount for such Distribution Date.

Prepayment Penalty Amount. With respect to any Mortgage Loan and each Distribution Date, all premiums or charges, if any, paid by Mortgagors under the related Mortgage Notes as a result of full or partial Principal Prepayments collected and deposited into the Distribution Account during the immediately preceding Prepayment Period under the terms of the related Servicing Agreement for distribution to the Holders of the Class P Certificates.

Prepayment Penalty Amount. With respect to any Distribution Date and prepayments in full or in part on the Mortgage Loans, the amount of any prepayment penalties collected by the Master Servicer in the Prepayment Period, plus, on the Distribution Date on which the final prepayment penalty on the Mortgage Loans is distributed to the Class P Certificates, an amount equal to the Certificate Principal Balance of the Class P Certificates.