Required Prepayments definition

Required Prepayments. All Mortgage Loans in warehouse 45 days will be reduced by 2% of the Mortgage Note Amount. On the day a Pledged Loan becomes an Aged Mortgage Loan, the Warehousing Advance against such Pledged Loan must be (a) repaid in full, to the extent the Aged Mortgage Loan Sublimit would be exceeded, or (b) otherwise, reduced by 5% of the Mortgage Note Amount.

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Required Prepayments. All Required Prepayments shall be consummated in accordance with Section 8 of the Note (after giving effect to the Investor Prepayment Premium Waiver), except with respect to Scheduled Required Prepayments each of which shall have a Company Optional Redemption Date determined in accordance with Schedule I attached hereto.

Required Prepayments. See requirements under Borrowing Base.

Examples of Required Prepayments in a sentence

• Effective upon the Effective Date, the Company agrees it is required to pay the Required Prepayments at such times and in such amounts as required hereunder.

• PREPAYMENT OF THE NOTES 20 Section 8.1. Required Prepayments 20 Section 8.2. Optional Prepayments with Make-Whole Amount 20 Section 8.3. Allocation of Partial Prepayments 21 Section 8.4. Maturity; Surrender, Etc.

• After any Casualty Payment is made, the remaining scheduled Required Prepayments and Interest under this Loan Agreement shall be proportionately reduced so that the remaining Required Prepayments shall fully amortize the Loan Balance by the Maturity Date.

• PREPAYMENT OF THE NOTES 22 Section 8.1. Required Prepayments 22 Section 8.2. Optional Prepayments with Make-Whole Amount 22 Section 8.3. Allocation of Partial Prepayments 22 Section 8.4. Maturity; Surrender, Etc.

• PREPAYMENT OF THE NOTES 19 8.1. Required Prepayments 19 8.2. Optional Prepayments with Make-Whole Amount 19 8.3. Prepayment of Notes Upon Change in Control 19 8.4. Offer to Prepay upon the Sale of Certain Assets 21 8.5. Allocation of Partial Prepayments 22 8.6. Maturity; Surrender, etc 22 8.7. Purchase of Notes 23 8.8. Make-Whole Amount 23 9.

• Required Prepayments of Series A Notes..........................................

• Required Prepayments of Series B Notes..........................................

• PREPAYMENT OF THE NOTES 14 Section 8.1 Required Prepayments 14 Section 8.2 Optional Prepayments 14 Section 8.3 Allocation of Partial Prepayments 15 Section 8.4 Maturity; Surrender, Etc.

• Required Prepayments of Series A Notes, Series B Notes, Series C Notes and Series D Notes.........................................................................................

• Payment.................................................................................................34 4.1. Payment at Maturity............................................................................34 4.2. Contingent Required Prepayments for Excess Credit Exposure.....................................34 4.3.

More Definitions of Required Prepayments

Required Prepayments. [*]% of the Mortgage Note Amount, paid each month occurring more than 90 days after the date of the Warehousing Advance -------------------------------------------------------------------------------- LEGAL FEE STATEMENT -------------------------------------------------------------------------------- INVOICE DATE: February 6, 2004 CUSTOMER: First NLC Financial Services, LLC NLC, Inc. Re: Legal document preparation fee for the First Amendment to the Second Amended and Restated Warehousing Credit and Security Agreement dated November 1, 2003, by and among First NLC Financial Services, LLC, NLC, Inc. and Residential Funding Corporation. -------------------------------------------------------------------------------- TOTAL AMOUNT DUE $350.00 -------------------------------------------------------------------------------- INFORMATION DENOTED BY [*] HEREIN HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THIS INFORMATION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. EXECUTED GMAC Residential Funding -------------------------------------------------------------------------------- SECOND AMENDED AND RESTATED WAREHOUSING CREDIT AND SECURITY AGREEMENT -------------------------------------------------------------------------------- BETWEEN FIRST NLC FINANCIAL SERVICES, LLC, a Florida limited liability company AND NLC, INC., a Tennessee corporation AND RESIDENTIAL FUNDING CORPORATION, a Delaware corporation Dated as of November 1, 2003 -------------------------------------------------------------------------------- TABLE OF CONTENTS -------------------------------------------------------------------------------- 1. THE CREDIT...................................................................1-1 1.1. The Warehousing Commitment............................................1-1 1.2. Expiration of Warehousing Commitment..................................1-1 1.3. Warehousing Note......................................................1-2 2.

Required Prepayments means, as to each Extending Lender, prepayments of its Class C and/or Class E Loans on the Restatement Effective Date in an amount which is equal to 20% of the aggregate principal amount of the Term Loans and the Revolving Commitment held by that Extending Lender (prior to giving effect to the Required Prepayments), provided that (i) such percentage shall be increased by 1% for each integral percentage by which the Participating Extending Lender Exposure exceeds 80% of $5,548,925,000 (but not to a percentage which is in excess of 25%), (ii) those Extending Lenders which have executed a Prepayment Adjustment Agreement shall receive the Incentive Fees in lieu of the Required Prepayments to the extent agreed by any such Extending Lender and (iii) any Extending Lender that otherwise elects not to receive such prepayments shall not be required to receive such prepayments.

Required Prepayments. The Issuer shall make the required prepayments contemplated by Section 8.1 in the Existing Note Purchase Agreements, without any Make-Whole Amount or other premium.