Required Prepayments definition

Required Prepayments. All Mortgage Loans in warehouse 45 days will be reduced by 2% of the Mortgage Note Amount. On the day a Pledged Loan becomes an Aged Mortgage Loan, the Warehousing Advance against such Pledged Loan must be (a) repaid in full, to the extent the Aged Mortgage Loan Sublimit would be exceeded, or (b) otherwise, reduced by 5% of the Mortgage Note Amount.
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Required Prepayments. All Required Prepayments shall be consummated in accordance with Section 8 of the Note (after giving effect to the Investor Prepayment Premium Waiver), except with respect to Scheduled Required Prepayments each of which shall have a Company Optional Redemption Date determined in accordance with Schedule I attached hereto.
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Required Prepayments. See requirements under Borrowing Base.
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Examples of Required Prepayments in a sentence

  • Effective upon the Effective Date, the Company agrees it is required to pay the Required Prepayments at such times and in such amounts as required hereunder.

  • Section 8.1 (Maturity) of the Existing Note Purchase Agreement is hereby amended and restated in its entirety to read as follows: “ 8.1 Required Prepayments; Maturity.

  • Required Prepayments 12 4A(1) Required Prepayments of 2006 Notes 12 4A(2) Required Prepayments of Shelf Notes 13 4B.

  • PREPAYMENT OF THE NOTES 14 Section 8.1 Required Prepayments 14 Section 8.2 Optional Prepayments 14 Section 8.3 Allocation of Partial Prepayments 15 Section 8.4 Maturity; Surrender, Etc.

  • PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc.

  • Payment and Prepayment of the Notes 17 Section 8.1. Required Prepayments; Maturity 17 Section 8.2. Optional Prepayments 17 Section 8.3. Allocation of Partial Prepayments 18 Section 8.4. Maturity; Surrender, Etc.

  • PREPAYMENT OF THE NOTES 23 8.1. Required Prepayments; Maturity 23 8.2. Optional Prepayments with Make-Whole Amount 23 8.3. Prepayment in Connection with a Payment under Section 13 24 8.4. Offer to Prepay upon Certain Events 25 8.5. Notices, Etc 28 8.6. Allocation of Partial Prepayments 28 8.7. Maturity; Surrender, etc 28 8.8. Purchase of Notes 28 8.9. Make-Whole Amount 29 9.

  • PAYMENT AND PREPAYMENT OF THE NOTES 23 Section 8.1. Required Prepayments 23 Section 8.2. Optional Prepayments with Make-Whole Amount 23 Section 8.3. Allocation of Partial Prepayments 24 Section 8.4. Maturity; Surrender, Etc.

  • PREPAYMENT OF THE SERIES A NOTES 18 Section 8.1. Required Prepayments 18 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 20 Section 8.4. Maturity; Surrender, etc 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount for Series A Notes 20 Section 8.7. Change in Control 22 SECTION 9.

  • Required Prepayments of Series B Notes........................8 4B.


More Definitions of Required Prepayments

Required Prepayments. [*]% of the Mortgage Note Amount, paid each month occurring more than 90 days after the date of the Warehousing Advance -------------------------------------------------------------------------------- LEGAL FEE STATEMENT -------------------------------------------------------------------------------- INVOICE DATE: February 6, 2004 CUSTOMER: First NLC Financial Services, LLC NLC, Inc. Re: Legal document preparation fee for the First Amendment to the Second Amended and Restated Warehousing Credit and Security Agreement dated November 1, 2003, by and among First NLC Financial Services, LLC, NLC, Inc. and Residential Funding Corporation. -------------------------------------------------------------------------------- TOTAL AMOUNT DUE $350.00 -------------------------------------------------------------------------------- INFORMATION DENOTED BY [*] HEREIN HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THIS INFORMATION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. EXECUTED GMAC Residential Funding -------------------------------------------------------------------------------- SECOND AMENDED AND RESTATED WAREHOUSING CREDIT AND SECURITY AGREEMENT -------------------------------------------------------------------------------- BETWEEN FIRST NLC FINANCIAL SERVICES, LLC, a Florida limited liability company AND NLC, INC., a Tennessee corporation AND RESIDENTIAL FUNDING CORPORATION, a Delaware corporation Dated as of November 1, 2003 -------------------------------------------------------------------------------- TABLE OF CONTENTS --------------------------------------------------------------------------------
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Required Prepayments. [*]% of the Mortgage Note Amount, paid each month occurring more than 90 days after the date of the Warehousing Advance EXHIBIT I -------------------------------------------------------------------------------- COLLATERAL OPERATIONS FEE SCHEDULE (SINGLE FAMILY) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Loan Fees -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Non-Usage Fees 0.125% per annum of the Unused Portion during such Calendar Quarter, except that no Non-Usage Fee will be payable for any Calendar Quarter in which the Used Portion equals or exceeds 50%, computed on the basis of the actual number of days in each Calendar Quarter and a year of 360 days. -------------------------------------------------------------------------------- Loan Package Fee $[*] -------------------------------------------------------------------------------- Wire Fee $[*] -------------------------------------------------------------------------------- *At such time that Borrower implements MERS, the Loan Package Fee will be reduced to $15.00. -------------------------------------------------------------------------------- Collateral Operations Fees -------------------------------------------------------------------------------- $[*] per Reservation Number Reservation Number Fee (Good funds states only) -------------------------------------------------------------------------------- Restocking Fee for Mortgage Loans $[*] per Mortgage Loan Returned to Lender by Investors -------------------------------------------------------------------------------- Returned Wire Fee $[*] per wire -------------------------------------------------------------------------------- Early Payoff Fee (payoff of $[*] per Mortgage Loan Warehousing Advance prior to check clearance) -------------------------------------------------------------------------------- Late Fee for Interest or Fees not $[*] per occurrence paid within time period specified in Agreement -------------------------------------------------------------------------------- Overdraft Fee $[*] per occurrence -------------------------------------------------------------------------------- Security Pick-up, Delivery and DK $[*] per transaction Fees -----------------------------------------------------------------...
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Required Prepayments means, as to each Extending Lender, prepayments of its Class C and/or Class E Loans on the Restatement Effective Date in an amount which is equal to 20% of the aggregate principal amount of the Term Loans and the Revolving Commitment held by that Extending Lender (prior to giving effect to the Required Prepayments), provided that (i) such percentage shall be increased by 1% for each integral percentage by which the Participating Extending Lender Exposure exceeds 80% of $5,548,925,000 (but not to a percentage which is in excess of 25%), (ii) those Extending Lenders which have executed a Prepayment Adjustment Agreement shall receive the Incentive Fees in lieu of the Required Prepayments to the extent agreed by any such Extending Lender and (iii) any Extending Lender that otherwise elects not to receive such prepayments shall not be required to receive such prepayments.
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Required Prepayments. The Issuer shall make the required prepayments contemplated by Section 8.1 in the Existing Note Purchase Agreements, without any Make-Whole Amount or other premium.
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Related to Required Prepayments

  • Required Prepayment Date as defined in Section 2.15(c).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Mandatory Prepayments means the prepayments of the Loans required by Section 3.5 hereof.

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

  • Proposed Prepayment Date is defined in Section 8.3(c).

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

  • 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.

  • 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.

  • Mandatory Prepayment is defined in Section 2.4(a).

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

  • 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.

  • 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).

  • 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.

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • Mandatory Prepayment Event means any of the following:

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

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

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

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • 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.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.