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Common use of Prepayment Charges Clause in Contracts

Prepayment Charges. Each Prepayment Charge or penalty with respect to any Mortgage Loan is permissible, enforceable and collectible under applicable federal, state and local law;

Appears in 17 contracts

Sources: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc. Mortgage Pass-Through Certificates, Series 2005-2), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2007-Ar7), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust, Series 2005-10)

Parent Clauses

  • SERVICING OF THE MORTGAGE LOANS
  • Administration and Servicing of Mortgage Loans
  • Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls
  • MISCELLANEOUS PROVISIONS
  • Limitation Upon Liability of the Credit Risk Manager

Sub-Clauses

  • Advances
  • Priorities of Distribution
  • Additional Termination Requirements
  • Final Distribution on the Certificates
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