Prepayment Premium Period definition

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.

Prepayment Premium Period is defined in the Note.

Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender.

Examples of Prepayment Premium Period in a sentence

• Except as provided in Section 10(d), a prepayment premium will be due and payable by Borrower in connection with any prepayment of principal under this Project Note during the Prepayment Premium Period.

• The calculation for this is the expiration of the sum of the Lockout Term Date and the Prepayment Premium Period (e.g., 01-20-2011, which is 10 years after the Final Endorsement Date, + 5 years = 01-20-2016).

• The Prepayment Premium Period is the period of time when prepayments may be made subject to a percentage prepayment penalty, but only after the expiration of the stated lockout period (i.e., if the Lockout Term is 10 years with a prepayment premium period of 5 years and a Final Endorsement Date of 01-20-2001, the Prepayment Premium Period would be 1-20-2011 through 1-20- 2016.

• The Prepayment End Date cannot be less than the Final Endorsement Date and it cannot be more than the of the Final Endorsement Date and the Prepayment Premium Period.

• GuidanceFor a Choice Refinance Loan, you may obtain a Rate Lock up to 180 days before the Prepayment Premium Period End Date of the Portfolio Mortgage Loan.If Fannie Mae consents to a Rate Lock Period greater than 180 days, the Multifamily Trading Desk will be the only permitted Investor.

More Definitions of Prepayment Premium Period

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 earlier to occur of the following (i) the day that this Note is assigned to a REMIC trust if this Note is assigned to a REMIC trust prior to the Cut-off Date or (ii) the first day of the Window Period. The Prepayment Premium Period only applies if this Note is not assigned to a REMIC trust or if this Note is assigned to a REMIC trust on or after the Cut-off Date.

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 (i) the day that this Note is assigned to a REMIC trust, if this Note is assigned to a REMIC trust prior to the Cut-off Date, or (ii) the first day of the Window Period, if this Note is not assigned to a REMIC trust or if this Note is assigned to a REMIC trust on or after the Cut-off Date.

Prepayment Premium Period shall have the meaning provided in Section 5.1(b).

Prepayment Premium Period. “Rate Cap Agreement Reserve Fund”

Prepayment Premium Period means the period commencing on the date of this Note and ending on the date that is fourteen and one-half (14.5) years after the first Loan Payment Date following the Conversion Date.”

Prepayment Premium Period. The period of time, as set forth in the Mortgage Documents, during which a Prepayment Premium, if any, is required upon a Prepayment of a Mortgage Loan.

Prepayment Premium Period means the period from and including the date of this Project Note until but not including [__________ 1, _____]. [THE DATE IS DETERMINED BY THE NUMBER OF YEARS IN THE PREPAYMENT PREMIUM PERIOD AS SET FORTH IN THE FREDDIE MAC COMMITMENT, BEGINNING WITH EITHER (i) THE DATE OF THE NOTE, IF THE NOTE IS DATED THE FIRST DAY OF THE MONTH, OR (ii) THE FIRST DAY OF THE FIRST CALENDAR MONTH FOLLOWING THE DATE OF THE NOTE, IF THE NOTE IS DATED ANY DATE OTHER THAN THE FIRST DAY OF THE MONTH. FOR EXAMPLE, IF THE DATE OF THE NOTE IS AUGUST 15, 2014, A 10-YEAR PREPAYMENT PREMIUM PERIOD WILL END SEPTEMBER 1, 2024; IF THE DATE OF THE NOTE IS AUGUST 1, 2014, A 10-YEAR PREPAYMENT PREMIUM PERIOD WILL END AUGUST 1, 2024.]