Common use of Prepayment Penalty Clause in Contracts

Prepayment Penalty. With respect to each Mortgage Loan that has a Prepayment Penalty feature, each such prepayment penalty shall be enforceable and will be enforced by the Company for the benefit of the Purchaser, and each Prepayment Penalty shall be permitted pursuant to federal, state and local law. Each such Prepayment Penalty is in an amount equal to the maximum amount permitted under applicable law and no such Prepayment Penalty may be imposed for a term in excess of five (5) years with respect to Mortgage Loans originated on or after October 1, 2002;

Prepayment Penalty. With respect to each Mortgage Loan that has a Prepayment Penalty featurePenalty, each such prepayment penalty shall be Prepayment Penalty is enforceable and will be enforced by the Company for the benefit of the Purchaser, and each Prepayment Penalty shall be is permitted pursuant to applicable federal, state and local law. Each such Prepayment Penalty is in an amount equal With respect to the maximum amount permitted under applicable law and Mortgage Loans originated prior to October 1, 2002, no such Prepayment Penalty may be imposed for a term in excess of five (5) years with respect to Mortgage Loans originated on or after October 1, 2002following origination;

Prepayment Penalty. With respect to each Mortgage Loan that has a Prepayment Penalty prepayment penalty feature, each such prepayment penalty shall be enforceable and will be enforced by the Company for the benefit of the Purchaser, and each Prepayment Penalty prepayment penalty shall be permitted pursuant to federal, state and local law. Each such Prepayment Penalty prepayment penalty is in an amount equal to the maximum amount permitted under applicable law and no such Prepayment Penalty prepayment penalty may be imposed for a term in excess of five (5) years with respect to Mortgage Loans originated on or after October 1, 2002;; and

Prepayment Penalty. With respect to each Mortgage Loan that has a Prepayment Penalty feature, each such prepayment penalty shall be enforceable and will be enforced by the Company for the benefit of the Purchaser, and each Prepayment Penalty shall be permitted pursuant to federal, state and local law. Each such Prepayment Penalty is in an amount equal to the maximum amount permitted under applicable law and no such Prepayment Penalty may be imposed for a term in excess of five (5) years with respect to Mortgage Loans originated on or after October 1, 2002;; and

Prepayment Penalty. With respect to each Mortgage Loan that has a Prepayment Penalty prepayment penalty feature, each such prepayment penalty shall be enforceable and will be enforced by the Company for the benefit of the Purchaser, and each Prepayment Penalty prepayment penalty shall be permitted pursuant to federal, state and local law. Each such Prepayment Penalty prepayment penalty is in an amount equal to the maximum amount permitted under applicable law and no such Prepayment Penalty prepayment penalty may be imposed for a term in excess of five three (53) years with respect to Mortgage Loans originated on or after October 1, 2002;; and

Prepayment Penalty. With respect to each Mortgage Loan that has a Prepayment Penalty feature, each such prepayment penalty Prepayment Penalty shall be enforceable and will be enforced by the Company for the benefit of the Purchaser, and each Prepayment Penalty shall be permitted pursuant to federal, state and local law. Each such Prepayment Penalty is in an amount equal to that does not exceed the maximum amount permitted under applicable law and no such Prepayment Penalty may be imposed for a term in excess of five (5) years with respect to Mortgage Loans originated on or after October 1, 2002;; and

Prepayment Penalty. With respect to each Mortgage Loan that has a Prepayment Penalty prepayment penalty feature, each such prepayment penalty shall be enforceable and will be enforced by the Company for the benefit of the Purchaser, and each Prepayment Penalty prepayment penalty shall be permitted pursuant to federal, state and local law. Each such Prepayment Penalty prepayment penalty is in an amount equal to the maximum amount permitted under applicable law and no such Prepayment Penalty prepayment penalty may be imposed for a term in excess of five (5) years with respect to Mortgage Loans originated on or after October 1, 2002;