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:

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:

Examples of Prepayment Provisions in a sentence

• 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.

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

• 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.

• Loan Number Prepayment Provisions (corresponding Remaining Term to ----------------------------- to Stated Maturity Debenture Retained Lockout Penalties Prospectus) (in Months) Rate Yield Rate Date (thereafter) City ----------- ----------- ---- ---------- ---- ------------ ---- 1* 394 N/A 0.00% 10/01/99 5,4,3,2,1 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇ ▇▇▇ ▇/▇ 0.00% None 7% till 11-1-01 ▇▇▇▇▇▇▇▇ then 5,4,3,2,1 7 456 7.250% 0.00% 11/01/01 None Brighton 9 417 7.250% 0.00% 08/31/06 None ▇▇▇▇▇ 11 418 7.250% 0.00% 09/26/06 ▇▇▇▇ ▇▇.

• Base Facility Advances may, at the option of the Borrowers, be prepaid pursuant to the terms and conditions of the "Prepayment Provisions" of the Base Facility Notes; provided that Base Facility Advances may be defeased pursuant to the terms and conditions of this Section.

• Prepayment Provisions for the Series 2020A Junior Obligation Note 5 Section 204.

• The prepayment requirements set forth in this Section 10 supersede and replaces the prepayment requirements set forth in Section 8 of that certain Fifth Amendment to Term Loan and Security Agreement dated as of the Fifth Amendment Closing Date among the Credit Parties, Agent and Lenders (the “Existing Prepayment Provisions”) and the Existing Prepayment Provisions shall no longer be in effect.

• Amendment of Prepayment Provisions due to Reduction of Revolving Loan Commitments.

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

• Prepayment Provisions with Respect to the Series 2024 Certificates 12 Section 5.03.

More Definitions of Prepayment Provisions

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...

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.

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 ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, 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 ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, 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 ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, 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 ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ or any Person referred to in the immediately preceding clauses (i), (ii) or (iii).