Prepayment Provisions definition

Prepayment Provisions. Prepayment Premium: Address to Which Installment Amounts are to be Sent:
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Prepayment Provisions. As set forth in the Form Loan Documents Scheduled Principal None prior to the Maturity Date. Payments:
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Prepayment Provisions. Upon not less than fifteen (15) days' advance written notice to GE CAPITAL, and upon payment of a prepayment premium, if any, BORROWER shall have the right to prepay all, but not less than all, of the outstanding balance of the loan. The prepayment premium shall be determined by adding the Base Premium, which is calculated by multiplying the "Base Premium Factor" by the principal balance to be prepaid, and the Variable Premium which is arrived at by (i) calculating the decrease (expressed in basis 45 points) in the current weekly average yield of 5-Year U.S. Dollar Interest Rate Swaps as published in Federal Reserve Statistical Release H.15 (519) ("Index"), from the current average in effect immediately preceding the date the interest rate is fixed per the terms of this proposal letter to the current average in effect the week in which the prepayment is to be made, (ii) dividing the decrease by 100, (iii) multiplying the result by the following described applicable "Variable Premium Factor," and (iv) multiplying the product by the principal balance to be prepaid. If the Index is unchanged or has increased from the one in effect immediately preceding the date the rate is fixed, no Variable Premium shall be due. The Base Premium Factor and the Variable Premium (the Variable Premium is applicable only in the event BORROWER elects to fix the Interest Rate) Factor shall be the amount shown on the following chart for the month in which prepayment occurs: Number of Months Base Variable Remaining Years Premium Factor Premium Factor 120 - 109 (10) .05 .047 108 - 97 (9) .04 .043 96 - 85 (8) .03 .038 84 - 73 (7) .02 .033 72 - 61 (6) .01 .029 60 - 49 (5) 0 .024 48 - 37 (4) 0 .019 36 - 25 (3) 0 .014 24 - 13 (2) 0 .010 12 - 1 (1) 0 .005 GE Capital may elect to accelerate the loan at any time after BORROWER's default, in which event BORROWER shall, subject to the terms of the promissory note, be obligated to pay a prepayment premium equal to the amount determined in accordance with the foregoing schedule. No prepayment premium shall be payable with respect to condemnation awards or insurance proceeds from fire or other casualty which GE CAPITAL applies to prepayment, nor with respect to BORROWER's prepayment of the loan in full during the last three (3) months of its term unless an event of default has occurred and remains uncured. Insurance: BORROWER, at its own expense, will provide property, rental loss (or business interruption, as appropriate), liability and other i...
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Examples of Prepayment Provisions in a sentence

  • Refer to the "Prepayment Provisions" and "Early Payout Provisions" sections of the Additional Provisions for details.

  • Additional Prepayment Provisions, if any, set forth in Exhibit A, the Owner may prepay the PACE Betterment Assessment by paying the principal amount owing on the PACE Betterment Assessment, and accrued interest, less a credit for interest not yet accrued.

  • Loan Number Prepayment Provisions (corresponding Remaining Term to ----------------------------- to Stated Maturity Debenture Retained Lockout Penalties Prospectus) (in Months) Rate Yield Rate Date (thereafter) City ----------- ----------- ---- ---------- ---- ------------ ---- 67 401 8.375% 0.00% 05/01/00 5,4,3,2,1 Cuyahoga Falls 68 468 7.750% 0.00% 01/01/01 5,4,3,2,1 Wash.

  • APPENDIX A MORTGAGEE LETTER 87-9U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, D.C. 20410-8000 February 20, 1987 OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER Mortgagee Letter 87-9 TO: All Approved Mortgagees SUBJECT: Mortgage Prepayment Provisions For HUD-Insured and Coinsured Multifamily Projects This Mortgagee Letter supersedes Mortgagee Letter 87-4,* dated January 12, 1987, in its entirety.

  • Existing Mandatory Prepayment Provisions Section 2.01 (h) Mandatory Prepayment Section 9.04 Sales of Assets Section 2.01 (h) Mandatory Prepayment Section 8.04 Sales of Assets, etc.

  • The entire Interest and unpaid Principal shall be due 90-days after the Cash-Out Notice is received by Company.1.4 Prepayment Provisions.

  • Prepayment Provisions with Respect to the Series 2020 Certificates 6 Section 5.01.

  • Additional Prepayment Provisions, if any, set forth in Exhibit A, the Owner may prepay the PACEBetterment Assessment by paying the principal amount owing on the PACE Betterment Assessment, and accrued interest, less a credit for interest not yet accrued.

  • Prepayment Provisions The Floating Rate Notes will receive distributions of principal, and are subject to redemption prior to maturity, as described below.

  • Prepayment Provisions with Respect to the Series 2008 Certificates .......................


More Definitions of Prepayment Provisions

Prepayment Provisions. The MTA may prepay the Series 2015X Bond in whole or in part at any time, without penalty or premium, at 100% of the principal amount of the Series 2015X Bond to be prepaid, plus accrued interest to but excluding the date of such prepayment. MTA must give written notice to the Lender not less than ten (10) nor more than thirty (30) calendar days prior to the date set for prepayment.
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Prepayment Provisions with respect to any Debt, any provision relating to any obligation of the obligor of such Debt to prepay, redeem, purchase, defease or offer to purchase, redeem, purchase or defease such Debt, or to otherwise satisfy prior to the scheduled maturity of such Debt in any manner. Prime Rate: the rate of interest announced by Bank of America from time to time as its prime rate. Such rate is set by Bank of America on the basis of various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above or below such rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. Principal Shareholders: (a) each of Xxxx X. Xxxxxxxx or Xxxxxx X. Xxxxxxxx, and (b) with respect to each of the foregoing, (i) his spouse, (ii) his descendants and any member of his immediate family, including in each case stepchildren and family members by adoption, (iii) his heirs at law and his estate and the beneficiaries thereof, (iv) any charitable foundation created by Xxxx X. Xxxxxxxx or Xxxxxx X. Xxxxxxxx, as applicable, and (v) any trust, corporation, limited liability company, partnership or other entity, the beneficiaries, stockholders, members, general partners, owners or Persons Beneficially Owning a majority of the interests of which consist of Xxxx X. Xxxxxxxx or Xxxxxx X. Xxxxxxxx, as applicable, and/or one or more of the Persons referred to in the immediately preceding clauses (i) through (iv); provided that any Person in the immediately preceding clauses (i) through (v) shall only be deemed to be a Principal Shareholder to the extent that such Person’s equity securities of the Company entitled to vote were received from Xxxx X. Xxxxxxxx, Xxxxxx X. Xxxxxxxx or any Person referred to in the immediately preceding clauses (i), (ii) or (iii).
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Prepayment Provisions. Each mortgage loan prohibits prepayments (including defeasance) for a specified period of time after its date of origination (a "Lockout Period"). In addition, each mortgage loan restricts voluntary prepayments in one of the following ways:
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Related to Prepayment Provisions

  • 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.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • 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 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.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • 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.

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

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

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

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

  • 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.

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

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Special Event Prepayment Price means 100% of the outstanding principal amount of the Notes, plus any accrued and unpaid interest thereon up to but excluding the date of prepayment.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Mandatory Prepayments has the meaning given to such term in Section 1.2(b).

  • Waivable Mandatory Prepayment shall have the meaning assigned to such term in Section 2.11(e).

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Prepayment means, with respect to any Receivable, any prepayment, whether in part or in full, in respect of such Receivable.

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • 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.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.