Partial Release Fee definition

Partial Release Fee the amount identified in the SCHEDULE as the Partial Release Fee.
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Partial Release Fee with respect to a Time-Share Interest to be released from the Borrower's Mortgage, an amount to be paid at the time of each release and to be determined as provided in the Borrower's Mortgage.
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Partial Release Fee means an amount to be paid under a Loan in consideration of the partial release of a Time-Share Interest as security for such Loan. The Partial Release Fees for Time-Share Interests encumbered by a Mortgage which is part of the security for a Loan shall be determined by Lender prior to the time of the first Advance under such Loan and shall be in amounts sufficient to repay such Loan (based upon the Maximum Loan Amount for such Loan) when ninety percent (90%) of all Time-Share Interests into which the Real Property has been or will be subdivided have been sold.
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Examples of Partial Release Fee in a sentence

  • As used in this Agreement, the term ------------------------------------ "Partial Release Fee" means an amount to be paid under a Loan in consideration of the partial release of a Time-Share Interest as security for such Loan.

  • Until the ---------------------------------------------------------- principal of the Loan has been paid in full, Borrower will make to Lender at the time of each partial release of a Time-Share Interest from the Mortgage a principal payment on the Loan equal to the Partial Release Fee required to be paid in connection with such partial release.

  • Until principal , interest and other sums due under the Documents have been paid, exclusive of principal, interest and other charges on the Receivables Loan Note, Borrower will make to Lender at the time of each partial release of a Time-Share Interest from the Borrower's Mortgage a principal payment equal to the Partial Release Fee required to be paid in connection with such partial release.


More Definitions of Partial Release Fee

Partial Release Fee. The sum set forth in the Schedule of Definitions to be paid for the partial release of the lien of the Deed of Trust for each House.
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