Unscheduled Prepayment definition

Unscheduled Prepayment means any voluntary or required payment or prepayment of all or any part of a Loan on any date other than a payment of the scheduled principal payments thereon on any Interest Payment Date or the Maturity Date.
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Unscheduled Prepayment means [**].
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Examples of Unscheduled Prepayment in a sentence

  • Such Tranche B Unscheduled Prepayment shall not occur on such Unscheduled Payment Date but shall instead be deferred as hereinafter provided in this subsection (f).

  • Upon receipt of any Term Loan-B Prepayment Notice, the Administrative Agent shall promptly notify each Term Loan-B Lender of the contents thereof, and such Term Loan-B Unscheduled Prepayment shall not occur on such Unscheduled Payment Date but shall instead be deferred as hereinafter provided in this subsection (f).

  • Such Term Loan Unscheduled Prepayment shall not occur on such Unscheduled Prepayment Date but shall instead be deferred as hereinafter provided in this subsection (e).

  • Upon receipt of any Term Loan Prepayment Notice, the Administrative Agent shall promptly notify each Term Loan Lender of the contents thereof, and such Term Loan Unscheduled Prepayment shall not occur on such Unscheduled Payment Date but shall instead be deferred as hereinafter provided in this subsection (d).

  • Upon receiving such Prepayment Notice, the Administrative Agent shall (i) promptly notify each Facility A Lender of the contents thereof and of such Facility A Lender's share of such prepayment and (ii) at least one Domestic Business Day before the relevant Unscheduled Mandatory Prepayment Date, send each Facility B Lender a notice complying with subsection (j) of this Section (a "Facility B Unscheduled Prepayment Notice").

  • The Issuer shall redeem each Note in whole or in part on the Mandatory Early Redemption Date in an amount in the Note Currency equal to the Principal Amount Redeemed by payment of the Mandatory Early Redemption Amount less Swap Costs where a Mandatory Early Redemption Event had occurred as a result of an Unscheduled Prepayment (but not otherwise), whereupon the Issuer’s obligations in respect of the Principal Amount Redeemed shall irrevocably cease.

  • On each Deferred Unscheduled Prepayment Date, the Borrower shall pay to the Administrative Agent an amount equal to the amount that would have been payable by the Borrower pursuant to Section 2.03 or Section 2.08, as applicable, on the related Unscheduled Prepayment Date but for the provisions of this Section 2.09.

  • Each Lender that notifies the Company, the Borrower (if other than the Company) and the Administrative Agent of its acceptance of an Unscheduled Prepayment Offer in accordance with this Section 2.09(b) shall be an "ACCEPTING LENDER" for purposes of this Section 2.09.

  • Upon receipt of any Term Loan B Advance Prepayment Notice, the Administrative Agent shall promptly notify each Term Loan B Lender of the contents thereof, and such Term Loan B Advance Unscheduled Prepayment shall not occur on such Unscheduled Payment Date but shall instead be deferred as hereinafter provided in this subsection (c).

  • Such Unscheduled Prepayment shall not occur on such Unscheduled Payment Date but shall instead be deferred as hereinafter provided in this paragraph (c).

Related to Unscheduled Prepayment

  • Unscheduled Principal With respect to each Payment Date, the sum of:

  • Unscheduled Payments With respect to any Distribution Date, all payments and collections received with respect to the Whole Loan or upon foreclosure or liquidation of the Property (net of related foreclosure expenses and Liquidation Expenses) during the related Collection Period including, but not limited to, prepayments due to acceleration of the Whole Loan, Net Liquidation Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments and other payments and collections on the Trust Loan or Whole Loan, as applicable, not scheduled to be received, other than Monthly Payments or any Balloon Payment.

  • Unscheduled Principal Amount The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan, other than a Liquidated Loan, with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses y(ii) and y(iii) of the definition of Class A Non-PO Optimal Principal Amount, but without such amounts being multiplied by the Class A Prepayment Percentage.

  • 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.

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

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

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

  • 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.

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • 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.

  • 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.

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

  • Unscheduled Principal Receipt Any Principal Prepayment or other recovery of principal on a Mortgage Loan, including, without limitation, Liquidation Proceeds, Net REO Proceeds, Recoveries and proceeds received from any condemnation award or proceeds in lieu of condemnation other than that portion of such proceeds released to the Mortgagor in accordance with the terms of the Mortgage or Prudent Servicing Practices, but excluding any Liquidation Profits and proceeds of a repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amounts.

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

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

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

  • Scheduled Payments has the meaning specified in the Note Policy.

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

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

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, 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.

  • 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.

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

  • 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.

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

  • 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.

  • 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.