Examples of Partial Principal Prepayment in a sentence

Borrower and Lenders reaffirm and agree that, as of the Amendment 9 Effective Date, immediately after giving effect to the Trigger Exchange Closing, (A) the outstanding principal amount of the Loans owed by Borrower to each Lender is set forth on Schedule 3.03(b)(iii) hereto and (B) the aggregate outstanding principal amount of the Loans shall have been satisfied and discharged in an aggregate principal amount equal to the Partial Principal Prepayment Amount.
Aggregate Partial Principal Prepayment received and appiled in prior month: .....
Aggregate Partial Principal Prepayment received and appiled in prior month: ..........................
Aggregate Partial Principal Prepayment received and appiled in prior month: ......
On the Amendment 9 Effective Date, Borrower shall prepay the Loans in an aggregate outstanding principal amount equal to the Partial Principal Prepayment Amount by issuing ratably to the Lenders 11,850,131 shares of the common stock of Borrower, free and clear of all Liens, in exchange for and full satisfaction of the Partial Principal Prepayment Amount, all pursuant to and in accordance with the Trigger Exchange Agreement.

More Definitions of Partial Principal Prepayment

Partial Principal Prepayment. A Principal Prepayment by a Mortgagor of a partial principal balance of a Mortgage Loan. Pass-Through Transfer: The sale or transfer of same or all of the Mortgage Loans to a trust as part of a publicly issued or privately placed, rated or unrated Mortgage pass-through transaction. Periodic Rate Cap: With respect to each ARM Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date.

Partial Principal Prepayment means ----------------------------

Partial Principal Prepayment. A Principal Prepayment by a Mortgagor in part but not in full of the outstanding principal balance of a Mortgage Loan. Pass-Through Transfer: The sale or transfer of some or all of the Mortgage Loans to a trust as part of a publicly issued or privately placed, rated or unrated Mortgage pass-through transaction. Periodic Rate Cap: With respect to each ARM Loan, the maximum number of percentage points by which the Mortgage Interest Rate may increase or decrease on any Adjustment Date. Permitted Investments: At any time, any one or more of the following obligations and securities:

Partial Principal Prepayment. Any payment of principal on a Mortgage Loan, other than a Full Principal Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

Partial Principal Prepayment. Any Principal Prepayment made by a Mortgagor which is not a Full Principal Prepayment.

Partial Principal Prepayment means (a) any Principal Prepayment other than a Principal Prepayment in Full and (b) any cash amount deposited in the Certificate Account pursuant to the provision in Section 3.05(a)or pursuant to Section3.05(b).

Partial Principal Prepayment. A Principal Prepayment by a Mortgagor of a partial principal balance of a Mortgage Loan. Pass-Through Transfer: Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.