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. 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. For this Note, the Prepayment Premium Period equals the Yield Maintenance Period.

Examples of Prepayment Premium Period in a sentence

• The prepayment premium will be 1.0% of the amount of principal being prepaid for any prepayments occurring during the Prepayment Premium Period but after the Lockout Period (if applicable).

• Prepayment Premium Period (Section Applies Prior to Securitization and if Loan is Assigned to REMIC Trust On or After the Cut-off Date).

• Unless Lender has previously notified Borrower of the expiration of the Prepayment Premium Period, upon receipt of such Notice from Borrower, Lender will notify Borrower if the Note has been assigned to a REMIC trust and the Prepayment Premium Period has expired.

• In order to voluntarily prepay all or any part of the principal of this Note, Borrower must also pay to Lender, together with the amount of principal being prepaid, (i) all accrued and unpaid interest due under this Note, plus (ii) all other sums due to Lender at the time of such prepayment, plus (iii) if the prepayment occurs during the Prepayment Premium Period, any prepayment premium calculated pursuant to Section 10(f).

• Unless Lender has previously notified Borrower of the expiration of the Prepayment Premium Period, upon receipt of such Notice from Borrower, Lender will notify Borrower if the Note has been assigned to a REMIC trust prior to the Cut-off Date and the Prepayment Premium Period has expired.

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

Prepayment Premium Period. “Rate Cap Agreement Reserve Fund”

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 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 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.]

Prepayment Premium Period has the meaning assigned in Section 2.3(4).