Prepayment Charge. Each Mortgage Loan that is subject to a prepayment penalty as provided in the related Mortgage Note is identified on the Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Charge may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Charge may be imposed for a term in excess of three (3) years following origination;
Appears in 14 contracts
Samples: Pooling and Servicing Agreement (Sabr Trust 2005-Fr3), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1), Pooling and Servicing Agreement (Sabr Trust 2005-Fr1)
Prepayment Charge. Each Mortgage Loan that is subject to a prepayment penalty as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Charge may be imposed for a term in excess of five (5) years following origination. With respect to Mortgage Loans originated on or after October 1, 2002, and no such Prepayment Charge may be imposed for a term in excess of three (3) years following origination;
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Wmc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Wmc2)
Prepayment Charge. Each Mortgage Loan that is subject to a prepayment penalty Prepayment Charge as provided in the related Mortgage Note is identified unless otherwise indicated on the Mortgage Loan ScheduleSchedule attached hereto. With respect to Mortgage Loans originated prior to October 1, 2002, no such Mortgage Loan has a Prepayment Charge may be imposed for a term period in excess of five (5) years following originationyears. With respect to Mortgage Loans originated on or after October 1, 2002, no such Mortgage Loan has a Prepayment Charge may be imposed for a term period in excess of three (3) years following originationyears;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-He2)
Prepayment Charge. Each Mortgage Loan that is subject to a prepayment penalty Prepayment Charge as provided in the related Mortgage Note is identified on the related Mortgage Loan Schedule. With respect to Mortgage Loans originated prior to October 1, 2002, no such Prepayment Charge may be imposed for a term in excess of five (5) years following origination. With Except with respect to one Group II Mortgage Loan, with respect to Mortgage Loans originated on or after October 1, 2002, no such Prepayment Charge may be imposed for a term in excess of three (3) years following origination;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2004-Op1)
