Prepayment Premiums definition

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

Prepayment Premiums. Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan with respect to which the Seller owns the servicing rights, as indicated in the Mortgage Loan Schedule. Prepayment Premiums shall not be included in the Principal Remittance Amount or the Interest Remittance Amount with respect to any Pool.

Prepayment Premiums. Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan in the case of a full or partial voluntary prepayment of such Mortgage Loan during the related Prepayment Period.

Examples of Prepayment Premiums in a sentence

• Any Prepayment Premiums and Yield Maintenance Charges applicable to the Mortgage Loan constitute “customary prepayment penalties” within the meaning of Treasury Regulations Section 1.860G-1(b)(2).

• For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans.

• Additional servicing compensation in the form of assumption or modification fees, late payment charges, insufficient funds fees, reconveyance fees and other ancillary fees (other than Prepayment Premiums) shall be retained by the Servicer (subject to Section 3.24) only to the extent such fees or charges are received by the Servicer.

• All distributions of Prepayment Premiums, if any, made with respect to a Class of Class X Certificates on any Distribution Date, pursuant to this Section 6.10, shall be made, and shall be deemed to have been made, in respect of the various Class X REMIC III Regular Interests that relate to the subject Class of Class X Certificates, pro rata in accordance with the respective amounts by which the Notional Amounts of such Class X REMIC III Regular Interests declined on such Distribution Date.

• In the event the Servicer is unable to verify the existence of Prepayment Premium, the Servicer shall not be obligated to pay such Prepayment Premiums into the Collection Account.

More Definitions of Prepayment Premiums

Prepayment Premiums. With respect to each Mortgage Loan, the prepayment charge or penalty interest required to be paid by the Mortgagor in connection with a prepayment of the related Mortgage Loan, as provided in the related Mortgage Note or Mortgage, and as specified on the Mortgage Loan Schedule.

Prepayment Premiums. With respect to any Distribution Date, all premiums or charges paid by the obligors under the related Mortgage Notes due to Principal Prepayments and required to be remitted to the Custodial Accounts pursuant to the Servicing Agreements and are remitted to the Collection Account during the immediately preceding Prepayment Period, if any.

Prepayment Premiums. Except as set forth in the Mortgage Loan Schedule, each Mortgage Loan is subject to a Prepayment Premium except as set forth on the Mortgage Loan Schedule. With respect to each Mortgage Loan that has a Prepayment Premium feature, each such Prepayment Premium is enforceable, and each Prepayment Premium is permitted pursuant to federal, state and local law. Each such Prepayment Premium is in an amount equal to or less than the maximum amount permitted under applicable law; however, no such Prepayment Premium may be imposed for a term in excess of three (3) years (or five years with respect to Mortgage Loans originated prior to October 1, 2002);

Prepayment Premiums means any prepayment premiums paid by an Obligor in connection with any Prepayment.

Prepayment Premiums. Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan with respect to which the Seller owns the servicing rights, as indicated in the Mortgage Loan Schedule.

Prepayment Premiums means, with respect to the Mortgage Loan, any “Yield Maintenance Premium” or “Yield Maintenance Default Premium”, each as defined in the Mortgage Loan Agreement.

Prepayment Premiums. Except as set forth in the Conduit Mortgage Loan Schedule, each Mortgage Loan is subject to a Prepayment Premium except as set forth on the Conduit Mortgage Loan Schedule. With respect to each Conduit Mortgage Loan that has a Prepayment Premium feature, each such Prepayment Premium is enforceable and will be enforced by the Seller for the benefit of the Purchaser, and each Prepayment Premium is permitted pursuant to federal, state and local law. Each such Prepayment Premium is in an amount equal to or less than the maximum amount permitted under applicable law; however, no such Prepayment Premium may be imposed for a term in excess of three (3) years (or five years with respect to Loans originated prior to October 1, 2002);