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The prepayment speed assumption assumes a constant rate of prepayment of mortgage loans of 0.2% per annum of the then outstanding principal balance of such mortgage loans in the first month of the life of the mortgage loans, increasing by an additional 0.2% per annum in each succeeding month until the thirtieth month, and a constant 6% per annum rate of prepayment thereafter for the life of the mortgage loans.", "size": 134, "hash": "f0cc6607432fc981ad99bc0666f3c222", "id": 6}, {"samples": [{"hash": "h5WEA9FmRAy", "uri": "/contracts/h5WEA9FmRAy#prepayment-assumption", "label": "Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Bo1)", "score": 21.0, "published": true}, {"hash": "gZmDXFJSEfh", "uri": "/contracts/gZmDXFJSEfh#prepayment-assumption", "label": "Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2003-Sd2)", "score": 21.0, "published": true}, {"hash": "fAEkxaui3xa", "uri": "/contracts/fAEkxaui3xa#prepayment-assumption", "label": "Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "rate-of", "type": "clause", "offset": [15, 22]}, {"key": "the-prospectus-supplement", "type": "clause", "offset": [51, 76]}, {"key": "relating-to", "type": "definition", "offset": [77, 88]}, {"key": "class-of", "type": "definition", "offset": [94, 102]}, {"key": "offered-certificates", "type": "clause", "offset": [103, 123]}], "snippet": "The applicable rate of prepayment, as described in the Prospectus Supplement relating to each Class of Offered Certificates.", "size": 126, "hash": "aa892e96024bd9bf019e6c5d732fa23c", "id": 7}, {"samples": [{"hash": "lxJ4ZghhjGN", "uri": "/contracts/lxJ4ZghhjGN#prepayment-assumption", "label": "Pooling and Servicing Agreement (Ace Securities Corp)", "score": 18.0, "published": true}, {"hash": "kur6DaUEHM9", "uri": "/contracts/kur6DaUEHM9#prepayment-assumption", "label": "Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Float Rate Mort Pa Th Cer Ser 2001-1)", "score": 18.0, "published": true}, {"hash": "ktKFexU4fEB", "uri": "/contracts/ktKFexU4fEB#prepayment-assumption", "label": "Pooling and Servicing Agreement (Floating Rate Mort Pass Through Cert Series 2000-1)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-mortgage-loans", "type": "clause", "offset": [22, 40]}, {"key": "original-issue-discount", "type": "definition", "offset": [125, 148]}, {"key": "certificates-for", "type": "clause", "offset": [156, 172]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [173, 200]}, {"key": "constant-prepayment-rate", "type": "definition", "offset": [212, 236]}, {"key": "rate-of", "type": "clause", "offset": [280, 287]}, {"key": "of-mortgage-loans", "type": "clause", "offset": [320, 337]}, {"key": "outstanding-principal-balance", "type": "clause", "offset": [354, 383]}], "snippet": "A prepayment rate for the Mortgage Loans of 28% CPR. The Prepayment Assumption is used solely for determining the accrual of original issue discount on the Certificates for federal income tax purposes. A CPR (or Constant Prepayment Rate) represents an annualized constant assumed rate of prepayment each month of a pool of mortgage loans relative to its outstanding principal balance for the life of such pool.", "size": 120, "hash": "0b45f5de04b5fe31c201c0e0438bb99b", "id": 8}, {"samples": [{"hash": "ggGg7mcxwOf", "uri": "/contracts/ggGg7mcxwOf#prepayment-assumption", "label": "Pooling and Servicing Agreement (COMM 2015-Lc19 Mortgage Trust)", "score": 26.527721405, "published": true}, {"hash": "bYpXfcXnTbm", "uri": "/contracts/bYpXfcXnTbm#prepayment-assumption", "label": "Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-C28)", "score": 26.4948673248, "published": true}, {"hash": "ff8aWE1xiKW", "uri": "/contracts/ff8aWE1xiKW#prepayment-assumption", "label": "Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-C29)", "score": 26.4811763763, "published": true}], "snippet_links": [{"key": "for-purposes-of", "type": "clause", "offset": [0, 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month, and beginning in the twelfth month and in each month thereafter during the life of the Mortgage Loans, a constant prepayment rate of 16.0% per annum.", "size": 75, "hash": "5296e41bc1c0633671e65064dd7f6833", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIecHJlcGF5bWVudC1hc3N1bXB0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Prepayment Assumption", "snippet": "As defined in the Prospectus Supplement.", "size": 3026, "id": "prepayment-assumption", "examples": ["In addition, the Depositor shall provide or cause to be provided to the Trust Administrator, within ten (10) days after the Closing Date, all information or data that the Trust Administrator reasonably determines to be relevant for tax purposes as to the valuations and issue prices of the Certificates, including, without limitation, the price, yield, <strong>Prepayment Assumption</strong> and projected cash flow of the Certificates.", "To the extent directly applicable, the <strong>Prepayment Assumption</strong> used in pricing the Offered Certificates will be used in preparing any reports concerning or touching on interest payments made or original issue discount with respect to the Certificates.", "The Trustee shall use the Tax <strong>Prepayment Assumption</strong> for purposes of computing any tax reporting, including, but not limited to, the calculation of the original issue discount.", "No representation is made that the Mortgage Loans will prepay at a rate based on the Standard <strong>Prepayment Assumption</strong> or any other rate.", "In addition, the Depositor shall provide or cause to be provided to the Trustee, within ten (10) days after the Closing Date, all information or data that the Trustee reasonably determines to be relevant for tax purposes as to the valuations and issue prices of the Certificates, including, without limitation, the price, yield, <strong>Prepayment Assumption</strong> and projected cash flow of the Certificates.", "No representation is made that the Mortgage Loans will prepay at a rate based on the Basic <strong>Prepayment Assumption</strong> or any other rate.", "A <strong>prepayment assumption</strong> under Code Section 1272(s)(6)(B)(iii) will be made using a Standard <strong>Prepayment Assumption</strong> (&quot;SPA&quot;) of 200%, which represents an assumed rate of prepayment each month relative to the then-outstanding principal balance of the pool of mortgage loans.", "The Scheduled Final Distribution Dates set forth above were calculated without regard to any delays in the collection of Balloon Payments, without regard to a reasonable liquidation time with respect to any Mortgage Loans that may be delinquent and using the <strong>Prepayment Assumption</strong>.", "A <strong>prepayment assumption</strong> under Code Section 1272(a)(6)(B)(iii) will be made using a Standard <strong>Prepayment Assumption</strong> (&quot;SPA&quot;) of 200%, which represents an assumed rate of prepayment each month relative to the then-outstanding principal balance of the pool of mortgage loans.", "Within 10 days of the Closing Date, the Depositor shall furnish to the Trustee the portion of the issue prices of the Certificates allocable to the related REMIC III Regular Interests and to the respective Basis Risk Arrangements and the yields on the Certificates and the <strong>Prepayment Assumption</strong> with respect to the Loan."], "related": [["prepayment-asset-sale", "Prepayment Asset Sale", "Prepayment Asset Sale"], ["prepayment", "Prepayment", "Prepayment"], ["discount-prepayment-accepting-lender", "Discount Prepayment Accepting Lender", "Discount Prepayment Accepting Lender"], ["notice-of-loan-prepayment", "Notice of Loan Prepayment", "Notice of Loan Prepayment"], ["incremental-term-loan-assumption-agreement", "Incremental Term Loan Assumption Agreement", "Incremental Term Loan Assumption Agreement"]], "related_snippets": [], "updated": 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