Common use of Portfolio Sale Clause in Contracts

Portfolio Sale. The Borrower shall prepay all or that part of the Loan which is equal to the principal amount of any Mortgage Loans which are the subject of a Portfolio Sale by the Borrower on the date of completion of such sale together with the Collateral Removal Fee in respect of such Mortgage Loans.

Appears in 1 contract

Samples: Agreement (First Alliance Corp /De/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.