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 shall, for the Series 2021-1 Notes, mean an amount equal to the excess, if any, of (i) the present value as of the date of prepayment of all future installments of principal and interest that the Issuer would otherwise be required to pay on such Notes being prepaid from the date of such prepayment to and including the Payment Date occurring in September 2026, absent such prepayment and assuming that (a) that no Class A LTV Test Sweep Amount, Release Price or the Early Termination Fee Prepayment Amounts is applied to reduce the outstanding principal balance of such Notes and (b) the entire unpaid Class Principal Balance of the Series 2021-1 Notes 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 for such Notes, of the United States Treasury Security having the maturity closest to the Payment Date occurring in September 2026 plus (y) 0.50% over (ii) the Class Principal Balance of such Notes (or portion thereof being prepaid) on the date of such prepayment. For the avoidance of doubt Prepayment Consideration will not be payable in connection with prepayments of the Series 2021-1 Notes under the following scenarios: (i) prepayments of the Series 2021-1 Notes that occur on or after the Payment Date occurring in September 2026, (ii) prepayments of the Series 2021-1 Notes in connection with certain casualty or condemnation events, (iii) prepayments of the Class A LTV Test Sweep Amount to the Series 2021-1 Notes, (iv) prepayments of the Series 2021-1 Notes from amounts on deposit in the Cash Trap Reserve Sub-Account, (v) prepayments of the Series 2021-1 Notes in an amount equal to the applicable Release Price in connection with the disposition of one or more Data Centers in an amount up to $17.25 million in the aggregate for all such dispositions, (vi) prepayments of the Series 2021-1 Notes in an amount up to the applicable Early Termination Fee Prepayment Amount not to exceed $17.25 million in the aggregate, or (vii) prepayments of the Series 2021-1 Notes during an Amortization Period or after the occurrence and during the continuance of an Event of Default.