Premium Recapture definition

Premium Recapture. Any portion of a Premium that the Loan Originator receives back from a third party seller of a Loan.
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Premium Recapture has the meaning set forth in Section 10.1(b)(i).
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Premium Recapture. This term shall have the meaning set forth in Section 7.01(b).
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Examples of Premium Recapture in a sentence

  • The Seller shall be entitled to the benefit of any Prepayment Penalty collected from the Mortgagor in connection with a Principal Prepayment in full made during such thirty (30) day period (or such other period specified in the related Purchase Price and Terms Agreement) to the extent such Prepayment Penalty is applied to reduce the Premium Recapture Amount the Seller would otherwise be required to remit to the Purchaser pursuant to this Subsection 4.02.

  • In the event that any Mortgage Loan prepays-in-full within the period of time from the related Closing Date set forth in the related Trade Confirmation (the "Premium Recapture Period"), the Company shall, upon demand by the Purchaser made no later than 180 days after the expiration of the related Premium Recapture Period, remit to the Purchaser the Premium with respect to such prepaid Mortgage Loan net of the amount of any Prepayment Charges paid with respect to such Mortgage Loan.

  • In the event any Mortgage Loan is paid in full after the Cut-off Date and on or prior to the Closing Date, the Seller shall, in addition to the Premium Recapture Amount, pay the Purchaser the Accrued Interest paid by the Purchaser for such Mortgage Loan.

  • In the event any Mortgage Loan is paid in full after the related Cut-off Date and on or prior to the related Closing Date, the Seller shall, in addition to the Premium Recapture Amount, pay the Purchaser the accrued interest paid by the Purchaser for such Mortgage Loan.

  • B-35 Section 3.04 Repurchase of Certain Mortgage Loans; Premium Recapture..

  • Section 3.06 Prepayment in Full Premium Recapture.............................

  • In the event that any Mortgage Loans prepays-in-full within three (3) months from and after the related Closing Date, the Seller shall remit to the Purchaser the Premium Recapture Price with respect to such Mortgage Loan.

  • Tenant's receipt and payment to Landlord of the Transfer Premium Recapture shall not affect or reduce any obligations of Tenant hereunder.

  • Section 3.05 Prepayment in Full Premium Recapture............................

  • In determining the amount of the Transfer Premium Recapture, no consideration shall be given to any costs of renovation or construction of improvements to the Premises for the benefit of the Transferee paid for by Tenant as a part of the Transfer.

Related to Premium Recapture

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.