Prepayment Cost definition

Prepayment Cost has the meaning ascribed thereto in the CCB.
Sample 1
Prepayment Cost means, with respect to the prepayment (or, in the circumstances referred to in Section 8.1(b), repayment) of any principal ------------- amount of any Note, the sum of (a) any costs or expenses incurred by the holder of such Note in making reasonable alternative arrangements in connection with the re-deployment or re-investment of amounts so prepaid or repaid (including, without limitation, any such costs or expenses incurred in connection with the termination or implementation of any Swap) plus (b) two percent of the principal amount prepaid.
Sample 1
Prepayment Cost is defined in Section 8.6. -----------
Sample 1

Examples of Prepayment Cost in a sentence

  • On each Payment Date, and based on the calculations and instructions provided to it by the Trust Manager, the Trustee shall pay to the relevant Swap Provider an amount equal to the Prepayment Cost Surplus (if any) for the Collection Period on that Payment Date to the extent received by or on behalf of the Trustee.

  • The Executive shall be supplied with a purchased or leased car selected by the Corporation to be used by him for the Corporation's business.

  • This winter road is authorized under Land Use Permit W2019Q0003, which expires on December 18, 2024.• The Big Spruce Lake WR connecting Snare rapids to the Side Dams, and Snare 5B Spillway.

  • Prepayment Cost Surplus means, in relation to a Collection Period, the amount by which the total of all Prepayment Costs for that Collection Period exceeds the total of all Prepayment Benefits for that Collection Period.

  • Prepayment Cost • State whether any portion of the leasehold cost must be prepaid and, if so, describe the arrangements.

  • This cost, known as a Prepayment Cost, may include the accrued interest amount on the day your prepayment is made.

  • On each Payment Date, and based on the calculations and instructions provided to it by the Trust Manager under clause 6.2(b), the Trustee shall pay to Westpac an amount equal to the Prepayment Cost Surplus (if any) for the Collection Period on that Payment Date to the extent received by or on behalf of the Trustee.

  • In the case of each prepayment of Notes pursuant to Section 8.2, the principal ----------- amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Prepayment Cost.

  • Subject to the payment in full of all Senior Debt, the holders of the Notes shall be subrogated to the rights of the holders of Senior Debt to receive payments or distributions of assets of the Company made on the Senior Debt until the principal of, Prepayment Cost, if any, and interest on (and any other amounts due with respect to) the Notes shall be paid in full.

  • This cost, known as a Prepayment Cost, may include the accrued interest amount on the day you close your account.


More Definitions of Prepayment Cost

Prepayment Cost has the meaning set forth in Section 4.5(b) hereof.
Sample 1
Prepayment Cost means, on the early discharge of a Purchased Receivable which is a Housing Loan bearing a fixed rate of interest (other than a Receivable subject to a concessionary rate of interest for 12 months or less), the amount (if any) owed by the relevant Obligor and collected by Westpac, in accordance with the relevant Receivable Agreement.
Sample 1
Prepayment Cost means the amount equal to the sum of:
Sample 1
Prepayment Cost as to each Prepayment Installment, an amount equal to (i) the present value of the interest that would be payable on the Prepayment Installment from the date of prepayment to the maturity of such installment at the interest rate payable on the Term Note, minus (ii) the present value of the interest that would be payable on the Prepayment Installment from the date of prepayment to the due date of such installment at the interest rate equal to the annualized yield on the United States Treasury security with a maturity date nearest the final maturity of the Term Note as reported on the date of prepayment. For purposes of the foregoing computation, present value shall be computed using a discount rate equal to the annualized yield on such United States Treasury security.
Sample 1

Related to Prepayment Cost

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • 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.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Prepayment Penalty Schedule A data field in the Mortgage Loan Schedule attached hereto as Exhibit A which sets forth the amount or method of calculation of the Prepayment Penalty Amount and the term during which such Prepayment Penalty Amount is imposed with respect to a Mortgage Loan.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Prepayment Penalty Amount With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Prepayment Shift Percentage Not applicable.

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Excess Prepayment Interest Shortfall With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and/or the portion of any compensating interest payments allocable to any Outside Serviced Mortgage Loan to the extent received from the related Outside Master Servicer.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).