Loan and Other Prepayments Sample Clauses

Loan and Other Prepayments. In the event that a prepayment is made on any Loan, the Seller will be responsible for segregating and delivering within five (5) business days thereof to Buyer its pro rata portion of the amount of principal prepaid and of any prepayment penalty assessed and collected, provided that the Seller shall assess and collect the maximum amount of prepayment penalty authorized under the terms of the applicable mortgage instrument and in accordance with applicable laws, rules and regulations as from time to time amended. If Buyer does not receive within the period specified above its pro rata portion of such collected prepayment and any prepayment penalty, Seller shall be subject to a late charge of five percent (5%) of such pro rata portion of the prepayment and any prepayment penalty not received; and such late charge shall be payable on demand by Buyer. Funds received on the account of the loan debtor for the purpose of paying taxes, assessments, insurance premiums or other similar purpose will be retained and disbursed by the Seller in a manner consistent with good and prudent mortgage servicing practices and consistent with all applicable laws.
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Loan and Other Prepayments. The Servicer shall not accept any prepayment of Loan principal serviced hereunder, except as authorized by applicable law and regulations and provided for by the terms of the applicable Loan Document. In the event that a prepayment is made on any Loan serviced hereunder, the Servicer shall credit the account with the amount of principal prepaid and collected and the maximum amount of prepayment penalty authorized and collected under the terms of the applicable Loan instrument, all in accordance with applicable law, rules, and regulations as from time to time amended.
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Loan and Other Prepayments. RMI warrants that it will not accept any prepayment of mortgage principal on any loan sold hereunder except as authorized by applicable law and regulations, and provided by the terms of the applicable mortgage instrument. Funds received on the account of the Loan Debtor for the purpose of paying taxes, assessments, insurance premiums, or other similar purpose will be retained and disbursed by RMI.
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Loan and Other Prepayments. In the event that a prepayment is made on any loan, Seller will be responsible for segregating and delivering to all Participants their pro rata portion of the amount of principal prepaid in accordance with the remittance schedule set forth in the Participation Certificate. Funds received on the account of the loan debtor for the purpose of paying taxes, assessments, insurance premiums, or other similar purposes will be retained and disbursed by Servicer at its discretion.
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Loan and Other Prepayments. Seller warrants that Servicer will not accept any prepayment of mortgage principal on any loan sold hereunder except as authorized by applicable law and regulations, and provided by the terms of the applicable mortgage instrument. In the event that a total prepayment is made on any loan sold hereunder, the Seller warrants that Servicer will segregate and deliver within 10 working days thereof to Buyer the amount of principal prepaid and collected,and the maximum amount of prepayment penalty authorized and collected under the terms of the applicable mortgage instrument and in accordance with applicable law, rules and regulations as from time to time amended. If Buyer does not receive within the period specified above such collected prepayment and any prepayment penalty, Seller shall be subject to a late charge of 1% of such prepayment and any prepayment penalty not received; and such late charge shall be payable on demand by Buyer. Funds received on the account of the loan debtor for the purpose of paying taxes, assessments, insurance premiums, or other similar purpose will be retained and disbursed by the Servicer.
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Loan and Other Prepayments. In the event that a prepayment is made on any Pledged Mortgage Loan, Borrower will be responsible for segregating and delivering, or causing Servicer to segregate and deliver, within five (5) Business Days thereof to Lender the full amount of principal prepaid and of any prepayment penalty assessed and collected; provided that Borrower or Servicer, as applicable, shall assess and collect the maximum amount of prepayment penalty authorized under the terms of the applicable mortgage instrument and in accordance with applicable laws, rules and regulations as from time to time amended. If Lender does not receive within the period specified above its pro rata portion of such collected prepayment and any prepayment penalty, Borrower shall be subject to a late charge of five percent (5%) of such pro rata portion of the prepayment and any prepayment penalty not received by Lender. Such late charge shall be payable by Borrower on demand by Lender or, alternatively, Lender shall be entitled to debit Borrower’s Accounts for the amount of such late charge. Funds received on the account of the Mortgagor for the purpose of paying taxes, assessments, insurance premiums or other similar purpose will be retained and disbursed by Borrower or Servicer, as applicable, in a manner consistent with good and prudent mortgage servicing practices and consistent with all applicable laws.
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Related to Loan and Other Prepayments

  • Rent and Other Payments This paragraph contains detailed commercial terms. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Guarantees, Loans, Advances and Other Liabilities Except as contemplated by this Indenture or the Basic Documents, the Issuer shall not make any loan or advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of assuring another's payment or performance on any obligation or capability of so doing or otherwise), endorse or otherwise become contingently liable, directly or indirectly, in connection with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations, assets or securities of, or any other interest in, or make any capital contribution to, any other Person.

  • Interest and other amounts Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and, subject to any Break Costs, without premium or penalty.

  • Administrative and Other Fees The Borrower agrees to pay the administrative and other fees of the Administrative Agent as provided in the Fee Letter and as may be otherwise agreed to in writing from time to time by the Borrower and the Administrative Agent.

  • Fees and Other Charges (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date.

  • Royalties and Other Payments A. For the rights, privileges and exclusive license granted hereunder, Licensee shall pay to CMCC the following amounts in the manner hereinafter provided. Unless expressly stated otherwise in this Agreement, periodic payment obligations listed below shall endure through the Term of this Agreement, unless this Agreement shall be sooner terminated as hereinafter provided.

  • Rent and Other Charges Base Rent, Taxes, Operating Expenses, and any other amounts which Tenant is or becomes obligated to pay Landlord under this Lease or other agreement entered into in connection herewith, are sometimes herein referred to collectively as "Rent," and all remedies applicable to the non-payment of Rent shall be applicable thereto. Rent shall be paid at any office maintained by Landlord or its agent at the Property, or at such other place as Landlord may designate.

  • Contracts and Other Commitments The Company does not have and is not bound by any contract, agreement, lease, commitment, or proposed transaction, judgment, order, writ or decree, written or oral, absolute or contingent, other than (i) contracts for the purchase of supplies and services that were entered into in the ordinary course of business and that do not involve more than $50,000, and do not extend for more than one (1) year beyond the date hereof, (ii) sales contracts entered into in the ordinary course of business, and (iii) contracts terminable at will by the Company on no more than thirty (30) days' notice without cost or liability to the Company and that do not involve any employment or consulting arrangement and are not material to the conduct of the Company's business. For the purpose of this paragraph, employment and consulting contracts and contracts with labor unions, and license agreements and any other agreements relating to the Company's acquisition or disposition of patent, copyright, trade secret or other proprietary rights or technology (other than standard end-user license agreements) shall not be considered to be contracts entered into in the ordinary course of business.

  • Improper and Other Payments (a) Neither the Company, any director, officer, employee thereof, nor any agent or representative of the Company nor any person acting on behalf of any of them, has made, paid or received any unlawful bribes, kickbacks or other similar payments to or from any person or authority, (b) no contributions have been made, directly or indirectly, by the Company to a domestic or foreign political party or candidate; and (c) the internal accounting controls of the Company are believed by the Company’s management to be adequate to detect any of the foregoing under current circumstances.

  • Debt and Other Obligations Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein as the “Obligations.”

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