Definition of Term Fixed Rate Prepayment Penalty Loan


Term Fixed Rate Prepayment Penalty Loan means a Term Fixed Rate Loan which is subject to such prepayment and conversion penalties and premiums effective as of or after the Conversion Date as established by the Bank at the time of making the Term Fixed Rate Loan for such loans as offered by said Bank to other commercial borrowers similarly situated and under similar circumstances.
Sample 1

Examples of Term Fixed Rate Prepayment Penalty Loan in a sentence

With respect to any Term Fixed Rate Loan, the Borrower shall also notify the Agent as to which portion, if any, shall be a Term Fixed Rate Non-Prepayment Penalty Loan and as to which portion, if any, shall be a Term Fixed Rate Prepayment Penalty Loan.