Release Premium definition

Release Premium means, with respect to the related Individual Property released in accordance with Section 2.6.2 hereof, the difference between the Adjusted Release Amount and the Release Amount for such Individual Property.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Release Premium means, for any Property Release, the applicable Release Premium Percentage times the aggregate Property Borrowing Base of the Financed Properties released in connection with such Property Release.

Release Premium of a Property at any time means the Release Price of such Property minus its Allocated Loan Amount.

Examples of Release Premium in a sentence

Mortgage Loans to mortgagors not receiving Entry Costs Assistance shall be acquired by the Servicer from the Mortgage Lenders at a price equal to 100% of the principal amount thereof plus (i) accrued interest and (ii) the applicable Servicing Release Premium.
Mortgage Loans to mortgagors receiving Entry Cost Assistance will be acquired by the Servicer from the Mortgage Lenders at a price equal to 100% of the principal amount thereof plus (i) accrued interest, (ii) the applicable Servicing Release Premium, and (iii) the amount of cash assistance provided by the Mortgage Lender for such Loan, as directed by the Authority.
The Purchase Price for each eligible Mortgage Loan shall be based on the market price, plus Service Release Premium, adjusted as applicable based on the adjustment provisions posted on Purchaser’s rate sheets, in Purchaser’s Residential Lending Products Manual, and/or on the SRP Database (collectively, the “Product Pricing Materials”).
If a Mortgage Loan is refinanced within the first six months of Utah Housing purchasing the Mortgage Loan by the same Lender from whom Utah Housing purchased the Mortgage Loan, Utah Housing may require the Lender to reimburse the Servicing Release Premium (SRP) paid to the Lender at the time the Mortgage Loan was purchased.
In connection with a Property Release, it shall provide a report (the “Release Premium Report”) to the Agent and the Calculation Agent detailing the Release Premium, the Release Premium Deduction, the Reduction Amount, the Property Value, the Property Borrowing Base and the Borrowing Base, both before and after giving effect to such Property Release, in form and substance reasonably acceptable to the Agent.
The Premium Discount Percent shall be equal to a fraction, the numerator of which is the sum of (a) the Servicing Release Premium, plus (b) Premium/Discount on Loans, plus (c) Discount/Premium Points achieved on the sale of the Loans Held for Sale, minus the principal value of any Loans Held for Sale not sold, and the denominator of which is the principal balance of all Loans Held for Sale at Closing.
The Release Premium shall be applied as provided in the Mortgage (as defined below).
Correspondent agrees that DIME may, at its option, deduct from any Servicing Release Premium payment, and/or bonus payment due Correspondent, any moneys paid by DIME on behalf of Correspondent, or due DIME based upon Correspondent's failure to perform under the terms of this Agreement, the Dime Correspondent Manual and/or any related Commitment.
If the entire unpaid principal amount of the ------------ Promissory Note shall be prepaid and all of the other Obligations and the Release Premium shall be paid pursuant to Section 2.19.
If the entire unpaid principal amount of the Promissory ------- Note shall be prepaid and all of the other Obligations and the Release Premium shall be paid pursuant to section 2.19, then all rights under this Mortgage shall terminate and the Mortgaged Property shall become wholly released and cleared of the lien, security interest, conveyance and assignment evidenced by this Mortgage.

More Definitions of Release Premium

Release Premium means the amount equal to the Release Amount minus the Allocated Loan Amount provided that such amount shall not be less than zero.

Release Premium shall have the meaning specified in the Fee Letter.

Release Premium has the meaning assigned to that term in Section 5.11.

Release Premium means (a) for any Initial Parking Facility, the amount corresponding to such Initial Parking Facility as set forth in the definition of “Release Price”, (b) for any Additional Parking Facilities or Additional Obligor Parking Facilities acquired with the proceeds of a disposition of a Parking Facility, an amount equal to the Release Premium for such disposed Parking Facility, (c) in connection with any issuance of a new Series of Notes, the amount specified in the related Series Supplement and (d) for any Additional Parking Facilities or Additional Obligor Parking Facilities that are added to the Collateral as an Equity Asset Contribution Cure or otherwise, an amount to be proposed by the Manager and approved by the Controlling Class Representative. Once the Release Premium for a Parking Facility is determined in accordance with the foregoing, it will not be recalculated when new Parking Facilities are added to the Collateral.

Release Premium means for a Collateral Property as of any date of determination, an amount equal to one hundred fifteen percent (115%) of the Allocated Loan Amount for such Collateral Property.

Release Premium. For any Property Release, (i) if in connection with the Initial Securitization, 5% of the Property Borrowing Base of the released Financed Property and, (ii) otherwise, 10% of such Property Borrowing Base.