Servicer Prepayment Charge Payment Amount definition

Servicer Prepayment Charge Payment Amount. The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

Servicer Prepayment Charge Payment Amount. The amount payable by the Servicer in respect of any impermissibly waived Prepayment Charges pursuant to Section 3.15 hereof.

Servicer Prepayment Charge Payment Amount. The amount payable by the Servicer in respect of any impermissible waiver by the Servicer of a Prepayment Charge pursuant to the Servicing Agreement. EXHIBIT B FORM OF TERMS LETTER April 1, 2007 Structured Asset Securities Corporation 745 Seventh Avenue New York, New York 10019 Re: Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2007-EQ1 Ladies and Gentlemen: This letter (the "Terms Letter") is made in accordance with the Mortgage Loan Sale and Assignment Agreement, dated as of April 1, 2007 (the "Mortgage Loans Sale Agreement"), between Structured Asset Securities Corporation and Lehman Brothers Holdings Inc. Capitalized terms used but not defined herein shall have the meanings set forth in the Mortgage Loan Sale Agreement. The Purchase Price shall be $643,299,849.91. This Terms Letter may be signed in any number of counterparts, each of which shall be deemed to be an original, but taken together, shall constitute a single document. Please acknowledge your agreement with the foregoing by signing and returning the enclosed copy of this Terms Letter to the undersigned. Very truly yours, LEHMAN BROTHERS HOLDINGS INC. By: Name: Angel P. Lau Title: Authorized Signatory Acknowledged and Agreed: STRUCTURED ASSET SECURITIES CORPORATION By: Name: Ellen V. Kiernan Title: Senior Vice President

Examples of Servicer Prepayment Charge Payment Amount in a sentence

• As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Servicer Prepayment Charge Payment Amount) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein).

• As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Master Servicer Prepayment Charge Payment Amount) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein).

• The obligation of the Master Servicer set forth in Section 2.03(c) to cure breaches (or, in the case of (a)(vii) or (a)(viii) above, to pay a Master Servicer Prepayment Charge Payment Amount) shall constitute the sole remedy against the Master Servicer available to the Certificateholders, the Depositor, the NIMS Insurer or the Trustee on behalf of the Certificateholders respecting a breach of the representations, warranties and covenants contained in this Section 2.04.

• The Master Servicer shall forward the Verification Report to the Servicer and shall notify the Servicer if the Master Servicer has determined that such Servicer did not deliver the appropriate Prepayment Charge to the Trustee or the appropriate Servicer Prepayment Charge Payment Amount in accordance with this Agreement.

• Master Servicer Prepayment Charge Payment Amount: The amounts (i) payable by the Master Servicer in respect of any Prepayment Charges waived other than in accordancewith the standard set forth in the first sentence of Section 3.20(a), or (ii) collected from the Master Servicer in respect of a remedy for the breach of the representation made by CHL set forth in Section 3.20(c).

More Definitions of Servicer Prepayment Charge Payment Amount

Servicer Prepayment Charge Payment Amount. Any amount paid by the Servicer as a result of an impermissible waiver of a Prepayment Charge pursuant to Section 4.01 of this Agreement.

Servicer Prepayment Charge Payment Amount. The amount payable by a Servicer in respect of any impermissible waiver by the Servicer of a Prepayment Charge pursuant to the related Servicing Agreement.

Servicer Prepayment Charge Payment Amount. The amounts payable by the related Servicer in respect of any waived Prepayment Charges pursuant to Section 3.01.

Servicer Prepayment Charge Payment Amount. The amount payable by the Master Servicer in respect of any waived Prepayment Charges pursuant to Section 3.01, which amount shall be equal to the difference between the amount of Prepayment Charge due by a Mortgagor before any waiver and the actual amount of the Prepayment Charge that was paid by the Mortgagor.

Servicer Prepayment Charge Payment Amount. The amount payable by a Servicer in respect of any impermissible waiver by the Servicer of a Prepayment Charge pursuant to the related Servicing Agreement. EXHIBIT B FORM OF TERMS LETTER

Servicer Prepayment Charge Payment Amount. The amounts (i) payable by the Servicer in respect of any Prepayment Charges waived other than in accordance with the standard set forth in Section 2.04(a)(viii) or (ii) collected from the Servicer in its capacity as Seller in respect of a remedy for the breach of the representation and warranty made by the Servicer in its capacity as Seller set forth in Section 2.04(a)(vii).

Servicer Prepayment Charge Payment Amount. The amount payable by a Servicer in respect of any waived Prepayment Charges pursuant to Section 3.01 or pursuant to the Servicing Agreement.