Default Prepayment Premium definition

Default Prepayment Premium means an amount equal to five percent (5%) of the Debt being repaid or prepaid.
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Default Prepayment Premium has the meaning set forth in Section 2.06(f)(iii).
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Default Prepayment Premium means an amount equal to the greater of (i) the Prepayment Premium and (ii) an amount equal to five percent (5%) of the Debt being repaid or prepaid.
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Examples of Default Prepayment Premium in a sentence

  • During the continuance of an Event of Default and notwithstanding any acceleration of the Debt in accordance with the applicable terms and conditions hereof, the Default Prepayment Premium shall, in all cases, be deemed a portion of the Debt due and owing hereunder and under the other Loan Documents.

  • No prepayment premium or penalty (including, without limitation, any Default Prepayment Premium) shall be due in connection with any prepayment made pursuant to this Section 2.7(b) (including, without limitation, in connection with any REMIC Payment).

Related to Default Prepayment Premium

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Mandatory Prepayment Date as defined in Section 2.12(e).