Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three months following the Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 14 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He6), Pooling and Servicing Agreement (MSAC Trust 2006-He3)
Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties prepayment penalties that prepays in full during the first three months following the Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 12 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He1), Assignment and Recognition Agreement (Morgan Stanley IXIS Real Estate Capital Trust 2006-1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He3)
Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three months following the Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date. SECTION 10.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He6), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He5), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He4)
Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties prepayment penalties that prepays in full during the first three months following the related Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding actual principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 3 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-13), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs)
Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties prepayment penalties that prepays in full during the first three months following the related Closing Date, the Seller shall pay the Purchaser, within three five (35) Business Days after such prepayment in fullfull or repurchase, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 2 contracts
Samples: Indemnification and Contribution Agreement (Sabr Trust 2005-Fr2), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2005-He1)
Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties prepayment penalties that prepays in full during the first three six months following the related Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust Series 2005-3), Assignment and Recognition Agreement (Morgan Stanley Abs Capital I Inc)
Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three months ninety days following the Closing Date, the Seller Company shall pay the Purchaser, within three (3) Business Days after such prepayment in fullfull or repurchase, an amount equal to the excess of (i) the Purchase Price Percentage purchase price percentage for such Mortgage Loan as stated in the Commitment Letter over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off DateDate over (ii) any Prepayment Penalties collected on such prepaid Mortgage Loans.
Appears in 1 contract
Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa2)
Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three months sixty (60) days following the related Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in fullfull or repurchase, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 1 contract
Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2006-Aa2)
Premium Recapture. With respect to any Mortgage Loan without a Prepayment Penalties Penalty that prepays in full during the first three months following the related Closing Date, the Seller shall pay the Purchaser, within three twenty (320) Business Days days after such notification of prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Dateprepayment date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (EquiFirst Loan Securitization Trust 2007-1)
Premium Recapture. With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first three six (6) months following the related Closing Date, the Seller shall pay the Purchaser, within three (3) Business Days after such prepayment in full, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.
Appears in 1 contract
Samples: Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs)
