Prepayment Consideration definition
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
In certain circumstances, the Co-Issuers will be obligated to pay the Series 2025-1 Class A-2 Notes Make-Whole Prepayment Consideration in connection with a mandatory or optional prepayment of the Series 2025-1 Class A-2 Notes as described in the Indenture.
The Co-Issuers shall pay the Series 2025-1 Prepayment Amount together with the applicable Series 2025-1 Class A-2 Notes Make-Whole Prepayment Consideration, if any, by, to the extent not already deposited therein pursuant to Section 3.6(f), depositing such amounts in the applicable Series 2025-1 Class A-2 Distribution Account on or prior to the related Series 2025-1 Prepayment Date to be distributed in accordance with Section 3.6(k).
On each Series 2025-1 Prepayment Date with respect to any Series 2025-1 Prepayment, the Series 2025-1 Prepayment Amount and the Series 2025-1 Class A-2 Notes Make-Whole Prepayment Consideration, if any, shall be due and payable.
The Release Price will be applied in accordance with priority (i) of the Priority of Payments, and any applicable Prepayment Consideration shall be due in connection with such mandatory prepayment.
More Definitions of Prepayment Consideration
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 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 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, unless otherwise defined in the applicable Series Supplement,
Prepayment Consideration means, with respect to the prepayment of the principal balance of any Class of any Series of Term Notes (or portion thereof), an amount equal to the excess, if any, of (a) other than in connection with a disposition of Collateral, (i) the present value as of the date of prepayment of all future installments of principal and interest that the Co-Issuers would otherwise be required to pay on such Class of Notes (or portion thereof) from the date of such prepayment to and including the ARD Prepayment Date with respect to such Class of Notes, absent such prepayment and assuming the entire unpaid Class Principal Balance of such Class is required to be paid on such Payment Date, with such present value determined by the use of a discount rate equal to the sum of (x) the yield to maturity (adjusted to a “mortgage equivalent basis” pursuant to the standards and practices of the Securities Industry and Financial Markets Association), on a date of determination five (5) Business Days prior to the date of such prepayment, of the United States Treasury Security having the maturity closest to such Payment Date plus (y) 0.50% over (ii) the Class Principal Balance of such Class (or portion thereof being prepaid) on the date of such prepayment and (b) in connection with a prepayment made in connection with the disposition of Collateral, an amount equal to the product of (i) 1.00% and (ii) the Class Principal Balance of such Class (or portion thereof being prepaid) on the date of such prepayment. Any Prepayment Consideration for any Class of Notes will be paid pro rata to the Holders of such Class(es) of Notes being prepaid in proportion to the principal balance of the Notes of such Class(es) being prepaid. No Prepayment Consideration will be payable in connection with the prepayment of any Variable Funding Notes.