Prepayment Penalties definition

Prepayment Penalties. Any prepayment premium, penalty or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.
Prepayment Penalties. [Countrywide] [Purchaser] shall be entitled to any penalties resulting from the prepayment of any Mortgage Loans by the related mortgagor(s).
Prepayment Penalties means any prepayment penalties (boeterente) under a Mortgage Loan as a result of the Mortgage Loan being repaid (in whole or in part) prior to the maturity date of such Mortgage Loan other than (i) on a date whereon the interest rate is reset or (ii) as otherwise permitted pursuant to the Mortgage Conditions.

Examples of Prepayment Penalties in a sentence

  • The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.

  • The Mortgage Note and the Mortgage and any other agreement executed and delivered by a Mortgagor in connection with a Mortgage Loan are genuine, and each is the legal, valid and binding obligation of the maker thereof enforceable in accordance with its terms (including, without limitation, any provisions therein relating to Prepayment Penalties).

  • Prepayment Penalties received by the Trust will be allocated as described in this Supplement.

  • One hundred percent (100%) of the Prepayment Penalties are received by the Trustee and dis- tributed to Class IO.

  • The Mortgage Loans provide for payment of Prepayment Penalties during speci- fied periods beginning on the applicable lockout period end date or, if no lockout period applies, the applicable Issue Date.


More Definitions of Prepayment Penalties

Prepayment Penalties means any prepayment penalties, breakage costs, fees, expenses or similar charges arising as a result of the discharge of any Indebtedness.
Prepayment Penalties. Any prepayment fees, penalties, premiums or charges to be paid by the Mortgagor on a Mortgage Loan.
Prepayment Penalties. [Indymac] [Purchaser] shall be entitled to any penalties resulting from the prepayment of any Mortgage Loans by the related mortgagor(s).
Prepayment Penalties. Barclays Bank PLC shall be entitled to any penalties resulting from the prepayment of any Mortgage Loans by the related mortgagor(s).
Prepayment Penalties. [Greenpoint] [Purchaser] shall be entitled to any penalties resulting from the prepayment of any Mortgage Loans by the related mortgagor(s).
Prepayment Penalties any charge or fee actually paid or payable to the provider of Financial Debt, calculated in accordance with the underlying contract, and arising solely as a result of the mandatory prepayment of such Financial Debt before its contractual date for payment but (for the avoidance of doubt) such charges or fees shall not include any unpaid interest then due nor other charge or fee already taken into account in the calculation of Financial Debt;
Prepayment Penalties. Sutton Funding LLC shall be entitled to any penalties resulting from thx xxxxayment of any Mortgage Loans by the related mortgagor(s).