Prepayment Penalty Period definition

Prepayment Penalty Period. As to any Mortgage Loan, the period of time during which a Prepayment Penalty may be imposed.
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Prepayment Penalty Period. As to any Mortgage Loan, the period of time during which a Prepayment Penalty may be imposed. Prepayment Penalty Schedule: As of any date, the list of Prepayment Penalties included in the Trust Fund on that date (including the Prepayment Penalty summary attached thereto). The Prepayment Penalty Schedule shall set forth the following information with respect to each Prepayment Penalty: the Mortgage Loan account number; a code indicating the type of Prepayment Penalty; the state of origination in which the related Mortgage Property is located; the first date on which a monthly payment is or was due under the related Mortgage Note; the term of the Prepayment Penalty; the original principal amount of the related Mortgage Loan; and the Cut-off Date Principal Balance of the related Mortgage Loan. The Prepayment Penalty Schedule shall be amended from time to time by the Seller in accordance with this Agreement. For the avoidance of doubt, the Trustee shall have no duty or responsibility with respect to the Prepayment Penalty Schedule or to verify, recomputed, recalculate or confirm the amount of Prepayment Penalties remitted to it by the Servicer.
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Examples of Prepayment Penalty Period in a sentence

  • Each Prepayment Penalty Period will follow the termination of the applicable lockout period or, if no lockout period applies, the applicable Issue Date.

  • Percent of Weighted Weighted Weighted Weighted Aggregate Aggregate Average Average Average Average Average Number of Principal Principal Current Gross Remaining Credit Loan-to- Prepayment Penalty Period Mortgage Balance Balance Principal Mortgage Term Bureau Value (months) Loans Outstanding Outstanding Balance Rate (months) Risk Score Ratio ---------------------------- ------------ ------------ ----------- ------------ -------- --------- ------------ -------- 0 ..........................

  • Each Prepayment Penalty Period will follow the termination of the applicable lockout period.

  • Applicants must describe how they will follow the steps to appeal the PJ’s refusal to supply this required certificate as instructed in Section X.E. of the 2022 CoC Program NOFO including a proposed timeline for the appeal.

  • Furthermore, the County’s 50-year plan would provide storm-response nourishment for Atlantic Beach to address any storm-related needs that exceed the volumes placed by the USACE MCH project.

  • Weighted Percent of Weighted Weighted Average Weighted Number Aggregate Aggregate Average Average Average Credit Average of Principal Principal Current Gross Remaining Bureau Loan-to- Prepayment Penalty Period Mortgage Balance Balance Principal Mortgage Term Risk Value (months) Loans Outstanding Outstanding Balance Rate (months) Score Ratio -------------------------- ---------- --------------- ----------- ---------- --------- --------- ---------- --------- 0.........................

  • After the expiration of the Term Prepayment Penalty Period, Borrower shall have the right, at any time and from time to time, to prepay the Term Note in whole or in part without premium or penalty, provided that Borrower shall pay accrued interest on the principal so prepaid to the date of such prepayment.

  • Prepayment Penalty Period for the Group 2 Mortgage Loans in the Mortgage Pool Percent of Aggregate Average Weighted Weighted Number of Aggregate Principal Current Average Average Prepayment Penalty Period Mortgage Principal Balance Balance Principal Mortgage Remaining (months) Loans Outstanding Outstanding Balance Rate Term (months) ------------------------------ ------------ ------------------ --------------- ----------- ------------ ------------- 0.............................

  • Percent of Weighted Weighted Weighted Weighted Aggregate Aggregate Average Average Average Average Average Number of Principal Principal Current Gross Remaining Credit Loan-to- Prepayment Penalty Period Mortgage Balance Balance Principal Mortgage Term Bureau Value (months) Loans Outstanding Outstanding Balance Rate (months) Risk Score Ratio --------------------------- --------- -------------- ----------- ---------- -------- --------- ---------- -------- 0 ..........................

  • With respect to Characteristic 22., we recomputed the Total Remaining Lockout and Prepayment Penalty Period by determining the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date, as applicable (as set forth on the Note).

Related to Prepayment Penalty Period

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • 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.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Penalty Period has the meaning set forth in Section 6.3.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Excess Prepayment Interest Shortfall With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and/or the portion of any compensating interest payments allocable to any Outside Serviced Mortgage Loan to the extent received from the related Outside Master Servicer.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

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

  • 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.

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

  • Prepayment Date has the meaning specified in Section 2.05(c).

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

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

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • 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.