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 a Servicer in respect of any impermissible waiver by such Servicer of a Prepayment Charge pursuant to the related Servicing Agreement. EXHIBIT B FORM OF TERMS LETTER December 1, 2006 Structured Asset Securities Corporation 700 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Re: Structured Asset Securities Corporation Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2006-BC6 Ladies and Gentlemen: This letter (the “Terms Letter”) is made in accordance with the Mortgage Loan Sale and Assignment Agreement dated as of December 1, 2006 (the “Mortgage Loans Sale Agreement”), between Structured Asset Securities Corporation and Lxxxxx 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 $[ ]. 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, LXXXXX BROTHERS HOLDINGS INC. By: ___________________________ Name: Mxxxxxx X. Xxxxxxxx Title: Authorized Signatory Acknowledged and Agreed: STRUCTURED ASSET SECURITIES CORPORATION By: __________________________ Name: Exxxx X. Xxxxxxx 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 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.

• As shown in Figure 3, only two bands were observed, which correspond to the starting P/T (17 nt on gel) and the fully polymerized P/T (34 of nt on gel).

• 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).

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 amounts (i) payable by the Servicer in respect of any Prepayment Charges waived other than in accordance with the standard set forth in Section 3.29(a) or (ii) collected from the Seller in respect of a remedy for the breach of the representation and warranty made by the Seller set forth in Section 3.4 of the Mortgage Loan Purchase Agreement.