Prepayment Consideration shall have the meaning set forth in Section 2.3.1.
Prepayment Consideration means any Prepayment Premium, Yield Maintenance Charge and/or Excess Defeasance Deposit Proceeds.
Prepayment Consideration has the meaning set forth in Section 2.6(c) hereof.
Examples of Prepayment Consideration in a sentence
Any due and unpaid Prepayment Consideration shall be paid in accordance with the Priority of Payments.
On the date of any optional prepayment in connection with which Prepayment Consideration is payable, the Indenture Trustee or the Paying Agent, as applicable, in either case at the prior written direction of the Manager (or, at any time that the Notes are Specially Serviced Notes, the Servicer), shall pay such Prepayment Consideration received in respect of any Class and Series of Notes to the Holders of such Notes pro rata based on the amount of principal prepaid on each such Note.
Prepayment Consideration that is not paid when due because funds are not available to make such payment pursuant to the Priority of Payments shall not bear interest.
No Prepayment Consideration shall be payable in connection with prepayments of any Series of Variable Funding Notes.
Except as otherwise provided in this Section 2.09(c) or in a Series Supplement for any Series of Term Notes, Prepayment Consideration shall be payable in connection with (i) any optional prepayment of any Class of Term Notes and (ii) any prepayments of any Class of Term Notes made in connection with a Release Price Disposition, in each case of clauses (i) and (ii), that are made during the applicable Prepayment Consideration Period.
More Definitions of Prepayment Consideration
Prepayment Consideration means an amount equal to the greater of (i) one percent (1%) of the Loan balance at the time of prepayment and (ii) the Yield Maintenance Amount.
Prepayment Consideration means, with respect to any Series of Notes, the premium to be paid on certain prepayments of principal with respect to such Series of Notes, identified as a “Prepayment Consideration” pursuant to the applicable Series Supplement.
Prepayment Consideration shall be the amount equal to the sum of (i) an amount equal to the interest which would have accrued on the Principal Indebtedness for the period from and including (A) the date (the “Event Date”) which is the earlier of (x) the date of prepayment of the Loan or (y) such earlier date upon which the entire remaining Principal Indebtedness shall become due and payable, whether as a result of acceleration of the maturity of the Loan or otherwise, to but excluding (B) the next Payment Date following the Event Date, plus (ii) the sum of two percent of the Principal Indebtedness on the Event Date plus an amount equal to the “Present Value Yield Differential”, calculated as the excess, if any, of (A) the amount of the monthly interest which would otherwise be payable on the principal balance of the Loan from (1) the date (the “Yield Determination Date”) which is the Payment Date following the Event Date through and including (2) the Scheduled Maturity Date, over (B) the amount of the monthly interest Lender would earn if an amount equal to the Principal Indebtedness of the Loan as of the Event Date were invested for the period from the Yield Determination Date through the Scheduled Maturity Date at the Yield Rate (as hereinafter defined), such difference (the “Yield Differential”) to be discounted to present value at the Yield Rate using the following formula: Present Value Yield Differential = Yield Differential x [1-(1+r)-n] where: r= Yield Rate, and n= the remaining Weighted Average Life to Maturity (as defined below) from the Yield Determination Date.
Prepayment Consideration means any Yield Maintenance paid in connection with a principal prepayment on, or other early collection of principal of, any Class of Notes.
Prepayment Consideration has the meaning specified in Section 2.06(a).
Prepayment Consideration means an amount equal to the greater of the following based upon the Agreed Valuation Amount: (A) one (1%) percent of the Agreed Valuation Amount; and (B) the present value of a series of payments each equal to the Payment Differential (hereinafter defined) and payable on each Monthly Payment Date over the remaining original term of this Note and on the Maturity Date discounted at the Reinvestment Yield (hereinafter defined) for the number of months remaining from the date prepayment is received (the "DEFAULT PREPAYMENT DATE") through and including the Maturity Date. The term "REINVESTMENT YIELD" as used herein shall be equal to the lesser of (a) the yield on the U.S. Treasury issue (primary issue) with a maturity date closest to the Maturity Date, or (b) the yield on the U.S. Treasury issue (primary issue) with a term equal to the remaining average life of the Debt, with each such yield being based on the bid price for such issue as published in The Wall Street Journal on the date that is 14 days prior to the Default Prepayment Date (or, if such bid price is not published on that date, the next preceding date on which such bid price is so published). The term "PAYMENT DIFFERENTIAL" as used herein shall be equal to (x) the Applicable Interest Rate minus the Reinvestment Yield, divided by (y) 12 and multiplied by (z) the Agreed Valuation Amount (or such other amount being prepaid in order to reinstate the Debt, provided such amount does not exceed the Agreed Valuation Amount) on the Default Prepayment Date, provided that the Payment Differential shall in no event be less than zero. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. Lender shall notify Borrower of the amount, and the basis of determination, of the required Prepayment Consideration. For purposes of this Note, the term "DEFAULT PREPAYMENT" shall mean a prepayment of any principal amount of this Note made during the continuance of any Event of Default or after an acceleration of the Maturity Date under any circumstances, including, without limitation, a prepayment occurring in connection with reinstatement of the Security Instrument provided by statute under foreclosure proceedings or exercise of a power of sale, any statutory right of redemption exercised by Borrower or any other party having a statutory right to redeem or prevent foreclosure, any sale in foreclosure or under exercise of a power of sale or otherwise.
Prepayment Consideration means any “Yield Maintenance” (as defined in the Loan Agreement) paid in connection with a principal prepayment on, or other early collection of principal of, any Component of the Mortgage Loan.