{"component": "definition", "props": {"groups": [{"size": 135, "snippet_links": [{"key": "fees-and-penalties", "type": "clause", "offset": [15, 33]}, {"key": "the-mortgagor", "type": "definition", "offset": [48, 61]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [65, 80]}], "samples": [{"hash": "xZgO9SZRDh", "uri": "/contracts/xZgO9SZRDh#prepayment-premiums", "label": "Trust Agreement (BNC Mortgage Loan Trust 2007-3)", "score": 21.0, "published": true}, {"hash": "lYn1WbXH4UV", "uri": "/contracts/lYn1WbXH4UV#prepayment-premiums", "label": "Trust Agreement (Sasco 2006-Bc4)", "score": 21.0, "published": true}, {"hash": "lS7ORBuZQQA", "uri": "/contracts/lS7ORBuZQQA#prepayment-premiums", "label": "Trust Agreement (Sasco 2006-Bc3)", "score": 21.0, "published": true}], "snippet": "Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.", "hash": "2d0bb533e5c32239e57f9fc4b65e0bcc", "id": 1}, {"size": 41, "snippet_links": [{"key": "fees-and-penalties", "type": "clause", "offset": [15, 33]}, {"key": "the-mortgagor", "type": "definition", "offset": [48, 61]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [65, 80]}, {"key": "with-respect-to", "type": "clause", "offset": [81, 96]}, {"key": "the-seller", "type": "clause", "offset": [103, 113]}, {"key": "servicing-rights", "type": "definition", "offset": [123, 139]}, {"key": "as-indicated", "type": "definition", "offset": [141, 153]}, {"key": "mortgage-loan-schedule", "type": "definition", "offset": [161, 183]}, {"key": "principal-remittance-amount", "type": "definition", "offset": [234, 261]}, {"key": "interest-remittance-amount", "type": "definition", "offset": [269, 295]}], "samples": [{"hash": "lwPpk8jhKFR", "uri": "/contracts/lwPpk8jhKFR#prepayment-premiums", "label": "Trust Agreement (Lehman XS Trust 2006-1)", "score": 21.0, "published": true}, {"hash": "kedraE7pKJq", "uri": "/contracts/kedraE7pKJq#prepayment-premiums", "label": "Trust Agreement (Lehman XS Trust 2007-10h)", "score": 21.0, "published": true}, {"hash": "iIIqYw1ALCQ", "uri": "/contracts/iIIqYw1ALCQ#prepayment-premiums", "label": "Trust Agreement (Lehman XS Trust 2007-10h)", "score": 21.0, "published": true}], "snippet": "Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan with respect to which the Seller owns the servicing rights, as indicated in the Mortgage Loan Schedule. Prepayment Premiums shall not be included in the Principal Remittance Amount or the Interest Remittance Amount with respect to any Pool.", "hash": "11748a8f1479cab28300bcc7b897222c", "id": 2}, {"size": 34, "snippet_links": [{"key": "fees-and-penalties", "type": "clause", "offset": [15, 33]}, {"key": "the-mortgagor", "type": "definition", "offset": [48, 61]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [65, 80]}, {"key": "in-the-case", "type": "clause", "offset": [81, 92]}, {"key": "voluntary-prepayment", "type": "clause", "offset": [114, 134]}, {"key": "such-mortgage-loan", "type": "definition", "offset": [138, 156]}, {"key": "prepayment-period", "type": "definition", "offset": [176, 193]}], "samples": [{"hash": "jJzQTyS5bWT", "uri": "/contracts/jJzQTyS5bWT#prepayment-premiums", "label": "Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)", "score": 21.0, "published": true}, {"hash": "ioS8gD0aajC", "uri": "/contracts/ioS8gD0aajC#prepayment-premiums", "label": "Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2)", "score": 21.0, "published": true}, {"hash": "g30aUyUce0F", "uri": "/contracts/g30aUyUce0F#prepayment-premiums", "label": "Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)", "score": 21.0, "published": true}], "snippet": "Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan in the case of a full or partial voluntary prepayment of such Mortgage Loan during the related Prepayment Period.", "hash": "3a8778da18ecb1f35967d3739c406173", "id": 3}, {"size": 22, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "each-mortgage-loan", "type": "definition", "offset": [16, 34]}, {"key": "prepayment-charge", "type": "definition", "offset": [40, 57]}, {"key": "penalty-interest", "type": "clause", "offset": [61, 77]}, {"key": "the-mortgagor", "type": "definition", "offset": [101, 114]}, {"key": "in-connection-with", "type": "clause", "offset": [115, 133]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [154, 175]}, {"key": "mortgage-note", "type": "clause", "offset": [204, 217]}, {"key": "as-specified", "type": "clause", "offset": [235, 247]}, {"key": "mortgage-loan-schedule", "type": "definition", "offset": [255, 277]}], "samples": [{"hash": "nxoa0bQmSP", "uri": "/contracts/nxoa0bQmSP#prepayment-premiums", "label": "Pooling and Servicing Agreement (JPMMT 2007-A6)", "score": 19.0, "published": true}, {"hash": "lIF7ba2LCZs", "uri": "/contracts/lIF7ba2LCZs#prepayment-premiums", "label": "Pooling and Servicing Agreement (J.P. 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With respect to each Mortgage Loan that has a Prepayment Premium feature, each such Prepayment Premium is enforceable, and each Prepayment Premium is permitted pursuant to federal, state and local law. Each such Prepayment Premium is in an amount equal to or less than the maximum amount permitted under applicable law; however, no such Prepayment Premium may be imposed for a term in excess of three (3) years (or five years with respect to Mortgage Loans originated prior to October 1, 2002);", "hash": "e3b4aacfba8b152f659f74b593b6712f", "id": 6}, {"size": 9, "snippet_links": [{"key": "an-obligor", "type": "clause", "offset": [38, 48]}, {"key": "in-connection-with", "type": "clause", "offset": [49, 67]}], "samples": [{"hash": "gwxRm1JGPwL", "uri": "/contracts/gwxRm1JGPwL#prepayment-premiums", "label": "Transfer and Servicing Agreement (American Capital Strategies LTD)", "score": 21.0, "published": true}, {"hash": "eR6KpdVh30M", "uri": "/contracts/eR6KpdVh30M#prepayment-premiums", "label": "Transfer and Servicing Agreement (American Capital Strategies LTD)", "score": 21.0, "published": true}, {"hash": "diVzZ0IdX8A", "uri": "/contracts/diVzZ0IdX8A#prepayment-premiums", "label": "Transfer and Servicing Agreement (American Capital Strategies LTD)", "score": 21.0, "published": true}], "snippet": "means any prepayment premiums paid by an Obligor in connection with any Prepayment.", "hash": "a350163dcd8a933acbc050fcedd30dfb", "id": 7}, {"size": 8, "snippet_links": [{"key": "fees-and-penalties", "type": "clause", "offset": [15, 33]}, {"key": "the-mortgagor", "type": "definition", "offset": [48, 61]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [65, 80]}, {"key": "with-respect-to", "type": "clause", "offset": [81, 96]}, {"key": "the-seller", "type": "clause", "offset": [103, 113]}, {"key": "servicing-rights", "type": "definition", "offset": [123, 139]}, {"key": "as-indicated", "type": "definition", "offset": [141, 153]}, {"key": "mortgage-loan-schedule", "type": "definition", "offset": [161, 183]}], "samples": [{"hash": "ilQ0E0nNVJA", "uri": "/contracts/ilQ0E0nNVJA#prepayment-premiums", "label": "Trust Agreement (Structured Asset Securities Corp Mort Pas THR 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"offset": [78, 111]}, {"key": "mortgage-loan-agreement", "type": "definition", "offset": [137, 160]}], "samples": [{"hash": "8QkOJT2szDk", "uri": "/contracts/8QkOJT2szDk#prepayment-premiums", "label": "Co Lender Agreement (Benchmark 2019-B15 Mortgage Trust)", "score": 28.9603011636, "published": true}, {"hash": "i1xaSpgHKdR", "uri": "/contracts/i1xaSpgHKdR#prepayment-premiums", "label": "Co Lender Agreement (Morgan Stanley Capital I Trust 2019-L3)", "score": 28.8863791923, "published": true}, {"hash": "aV6CfdwzGvJ", "uri": "/contracts/aV6CfdwzGvJ#prepayment-premiums", "label": "Co Lender Agreement (Benchmark 2019-B14 Mortgage Trust)", "score": 28.8863791923, "published": true}], "snippet": "means, with respect to the Mortgage Loan, any \u201cYield Maintenance Premium\u201d or \u201cYield Maintenance Default Premium\u201d, each as defined in the Mortgage Loan Agreement.", "hash": "82ed892ed4ae4a7e7a718f0af3bc44e7", "id": 9}, {"size": 5, "snippet_links": [{"key": "mortgage-loan-schedule", "type": "definition", "offset": [35, 57]}, {"key": "mortgage-loan-is", "type": "definition", "offset": [64, 80]}, {"key": "subject-to", "type": "definition", "offset": [81, 91]}, {"key": "prepayment-premium", "type": "clause", "offset": [94, 112]}, {"key": "with-respect-to", "type": "clause", "offset": [172, 187]}, {"key": "by-the-seller", "type": "clause", "offset": [319, 332]}, {"key": "of-the-purchaser", "type": "clause", "offset": [349, 365]}, {"key": "pursuant-to-federal", "type": "clause", "offset": [408, 427]}, {"key": "local-law", "type": "clause", "offset": [439, 448]}, {"key": "equal-to", "type": "definition", "offset": [495, 503]}, {"key": "maximum-amount", "type": "definition", "offset": [521, 535]}, {"key": "applicable-law", "type": "definition", "offset": [552, 566]}, {"key": "five-years", "type": "definition", "offset": [663, 673]}, {"key": "prior-to", "type": "clause", "offset": [707, 715]}, {"key": "october-1", "type": "definition", "offset": 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With respect to each Conduit Mortgage Loan that has a Prepayment Premium feature, each such Prepayment Premium is enforceable and will be enforced by the Seller for the benefit of the Purchaser, and each Prepayment Premium is permitted pursuant to federal, state and local law. Each such Prepayment Premium is in an amount equal to or less than the maximum amount permitted under applicable law; however, no such Prepayment Premium may be imposed for a term in excess of three (3) years (or five years with respect to Loans originated prior to October 1, 2002);", "hash": "b5f753b21f3978a1e439f1768429be0b", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIccHJlcGF5bWVudC1wcmVtaXVtcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Prepayment Premiums", "size": 318, "snippet": "Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.", "id": "prepayment-premiums", "examples": ["Any <strong>Prepayment Premiums</strong> and Yield Maintenance Charges applicable to the Mortgage Loan constitute \u201ccustomary prepayment penalties\u201d within the meaning of Treasury Regulations Section 1.860G-1(b)(2).", "For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any <strong>Prepayment Premiums</strong> with respect to the Mortgage Loans.", "Additional servicing compensation in the form of assumption or modification fees, late payment charges, insufficient funds fees, reconveyance fees and other ancillary fees (other than <strong>Prepayment Premiums</strong>) shall be retained by the Servicer (subject to Section 3.24) only to the extent such fees or charges are received by the Servicer.", "All distributions of <strong>Prepayment Premiums</strong>, if any, made with respect to a Class of Class X Certificates on any Distribution Date, pursuant to this Section 6.10, shall be made, and shall be deemed to have been made, in respect of the various Class X REMIC III Regular Interests that relate to the subject Class of Class X Certificates, pro rata in accordance with the respective amounts by which the Notional Amounts of such Class X REMIC III Regular Interests declined on such Distribution Date.", "In the event the Servicer is unable to verify the existence of Prepayment Premium, the Servicer shall not be obligated to pay such <strong>Prepayment Premiums</strong> into the Collection Account.", "<strong>Prepayment Premiums</strong> payable with respect to each Mortgage Loan, if any, constitute \u201ccustomary prepayment penalties\u201d within meaning of Treasury Regulations Section 1.860G-1(b)(2).", "Holders of this Certificate may be entitled to <strong>Prepayment Premiums</strong> and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement.", "On each Distribution Date, all <strong>Prepayment Premiums</strong>, if any, distributed on the Class C REMIC III Regular Interest on such Distribution Date pursuant to this Section 6.10 shall be further distributed by the Certificate Administrator on behalf of the Trustee to the Holders of the Class C Certificates and the Class PST Certificates, pro rata, based on the Class C Percentage Interest and the Class C-PST Percentage Interest, respectively, in the Class C REMIC III Regular Interest.", "On each Distribution Date, all <strong>Prepayment Premiums</strong>, if any, distributed on the Class A-S REMIC III Regular Interest on such Distribution Date pursuant to this Section 6.10 shall be further distributed by the Certificate Administrator on behalf of the Trustee to the Holders of the Class A-S Certificates and the Class PST Certificates, pro rata, based on the Class A-S Percentage Interest and the Class A-S-PST Percentage Interest, respectively, in the Class A-S REMIC III Regular Interest.", "On each Distribution Date, all <strong>Prepayment Premiums</strong>, if any, distributed on the Class B REMIC III Regular Interest on such Distribution Date pursuant to this Section 6.10 shall be further distributed by the Certificate Administrator on behalf of the Trustee to the Holders of the Class B Certificates and the Class PST Certificates, pro rata, based on the Class B Percentage Interest and the Class B-PST Percentage Interest, respectively, in the Class B REMIC III Regular Interest."], "related": [["prepayment-premium", "Prepayment Premium", "Prepayment Premium"], ["prepayment-premium-period", "Prepayment Premium Period", "Prepayment Premium Period"], ["prepayment-charges", "Prepayment Charges", "Prepayment Charges"], ["applicable-prepayment-premium", "Applicable Prepayment Premium", "Applicable Prepayment Premium"], ["prepayment-penalty", "Prepayment Penalty", "Prepayment Penalty"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}