Prepayment Rebate definition

Prepayment Rebate. In the event of prepayment in full of this Contract prior to its scheduled maturity whether before, on or after date of any acceleration, the sum of the digits method, commonly referred to as the “Rule of 78”, will be used in computing the unearned portion of the Finance Charge. In no event will a rebate of less than $1.00 be made.
View Source
Prepayment Rebate. The prepayment rebate set forth in Section 3.5.
View Source

Examples of Prepayment Rebate in a sentence

  • Prepayment Rebate: You may prepay this contract in full at any time before the final installment is due.

Related to Prepayment Rebate

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • 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.

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

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

  • 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.