Prepayment In Full definition

Prepayment In Full. With respect to any Mortgage Loan, a Mortgagor payment consisting of a Principal Prepayment in the amount of the outstanding principal balance of such loan and resulting in the full satisfaction of such obligation.
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Prepayment In Full. With respect to any Mortgage Loan, any payment by the Borrower in the amount of the outstanding principal balance of such Mortgage Loan which is received in advance of its Due Date and is not accompanied by an amount representing scheduled interest for any period subsequent to the date of prepayment.
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Prepayment In Full means with respect to any Mortgage Loan, a Mortgagor payment consisting of a Principal Prepayment in the amount of the outstanding principal balance of such Mortgage Loan, together with interest thereon at the related Mortgage Rate to the date of such prepayment, and resulting in the full satisfaction of such Mortgage Loan.
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Examples of Prepayment In Full in a sentence

  • I-38 Prepayment In Full.................................................................................


More Definitions of Prepayment In Full

Prepayment In Full has the meaning assigned to such term in Section 2.05(b)(i).
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Prepayment In Full. A Prepayment that reduces the outstanding principal balance of the related Home Equity Loan to zero.
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Prepayment In Full has the meaning assigned to such term in Section 2.05(b)(i). “Prepayment Lockout Period” means the period from the Closing Date to and including the first anniversary of the Closing Date.
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Prepayment In Full. With respect to any Collection Period for any Contract, a Prepayment during such Collection Period of all amounts payable under such Contract, including, without limitation, a Prepayment in whole under Section 3.2(d).
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Related to Prepayment In Full

  • Principal Prepayment in Full Any Principal Prepayment made by a Mortgagor of the entire principal balance of a Mortgage Loan.

  • Payment in Full means, with respect to any Obligations (a) the payment in full in cash of all such Obligations (other than contingent indemnification and expense reimbursement obligations to the extent no claim giving rise thereto has been asserted) and (b) the termination or expiration of all of the Commitments.

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

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

  • 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.