Permitted Prepayment Date definition

Permitted Prepayment Date means the last Business Day of a calendar month.
Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date
Permitted Prepayment Date means the second (2nd) anniversary of the first Payment Date

Examples of Permitted Prepayment Date in a sentence

However, if Lender does approve an Intended Prepayment Date that is not a Permitted Prepayment Date and accepts a prepayment on such Intended Prepayment Date, such prepayment shall be deemed to be received on the immediately following Permitted Prepayment Date.

Borrower further acknowledges that Lender is not required to accept a voluntary prepayment of the Mortgage Loan on any day other than a Permitted Prepayment Date.

If Borrower fails to prepay the Mortgage Loan on the Intended Prepayment Date for any reason (including on any Intended Prepayment Date that is not a Permitted Prepayment Date but is approved by Lender) and such failure continues for five (5) Business Days or longer, or into the following month (if sooner), Lender may recalculate the payoff amount.

In connection with any such voluntary prepayment, Borrower acknowledges and agrees that interest shall always be calculated and paid through the last day of the month in which the prepayment occurs (even if the Permitted Prepayment Date for such month is not the last day of such month, or if Lender approves prepayment on an Intended Prepayment Date that is not a Permitted Prepayment Date).

Except as otherwise provided herein, Borrower shall not have the right to prepay the Loan in whole or in part prior to the Permitted Prepayment Date.


More Definitions of Permitted Prepayment Date

Permitted Prepayment Date means the second (2nd) anniversary of the first (1st) Payment Date (or if such day is not a Business Day, the immediately succeeding Business Day)
Permitted Prepayment Date means the date that is three (3) years from the first day of the calendar month immediately following the Closing Date.
Permitted Prepayment Date means the last Business Day of a calendar month.[INSERT FOR DST TRANSACTIONS AND, IF APPLICABLE, SHARIA TRANSACTIONS: “Permitted Transfer” has the meaning set forth in Section 11.03(h) (Additional Permitted Transfers) of the Loan Agreement.][INSERT FOR HTC TRANSACTIONS: “Permitted Transferee” has the meaning set forth in Section 11.03(i) (Historic Investor Transfers) of the Loan Agreement.]
Permitted Prepayment Date means the Payment Date in November 2005.
Permitted Prepayment Date means the date that is the eleventh day of the month occurring after the date which is three (3) years following Securitization of the Loan.
Permitted Prepayment Date means March 7, 2014.