Principal Prepayment Clause Samples

Principal Prepayment. 42 Principal Prepayment in Full.................................................42

Principal Prepayment. Any Mortgagor payment or other recovery of (or proceeds with respect to) principal on a Mortgage Loan (including loans purchased or repurchased under Sections 2.02, 2.03, 3.20 and 10.01 hereof) that is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment. Partial Principal Prepayments shall be applied by the Master Servicer or the applicable Servicer, as appropriate, in accordance with the terms of the related Mortgage Note.

Principal Prepayment. 27 Proceeding....................................................... 27

Principal Prepayment. 29 Principal Prepayment Amount.................................................................30

Principal Prepayment. Upon the occurrence and during the continuance of a Commitment Limit Breach or a Coverage Breach, and after giving effect to the Commitment Breach Notice Period or Coverage Breach Cure Plan Period, as applicable described in clauses (a) and (b) above, any cash and Cash Equivalents held in the Collateral Accounts and 100% of Net Distributions received by any Credit Party, shall be promptly (and in any event within three (3) Business Days of receipt thereof) applied by the Borrower to prepay the Principal Outstanding Amount, it being understood that the provisions of this Section 2.5(d) (Principal Prepayment) shall cease to apply (i) after approval of a Cure Plan (until the Cure Date) and (ii) once a Commitment Limit Breach or a Coverage Breach, as applicable, is no longer in effect.

Principal Prepayment. Any payment (whether partial or full) or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due Date to the extent that it is not accompanied by an amount as to interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment, including Insurance Proceeds and the purchase price in connection with any purchase of a Mortgage Loan, any cash deposit in connection with the substitution of a Mortgage Loan, but excluding any Net Liquidation Proceeds.

Principal Prepayment. The Borrower shall have the right, at any time and from time to time, on thirty days' prior written notice to the Lender, to prepay the Loan in whole or in part, without penalty or premium. The Borrowers shall pay accrued interest then outstanding on the Loan through the date of prepayment.

Principal Prepayment. 32 Prospectus.......................................................... 32 SECTION PAGE

Principal Prepayment. 9 Purchaser.............................................................. 9