Prepayment definition

Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

Prepayment is a payment of an amount on a date earlier than the scheduled payment date for such amount as required by this Agreement.

Prepayment means any payment of principal made by the Mortgage Loan Borrower with respect to the Mortgage Loan which is received in advance of its scheduled Maturity Date, whether made by reason of a casualty or condemnation, due to the acceleration of the maturity of the Notes or otherwise.

Examples of Prepayment in a sentence

• The Certificates with a Principal Payment Date of , 20 are subject to mandatory prepayment prior to their stated Principal Payment Date, in part in Authorized Denominations, from State Payments on the Principal Payment Dates on and after , 20 , in the amount of the Principal Component evidenced and represented thereby being prepaid, plus accrued interest evidenced and represented thereby to the Prepayment Date, without premium, as follows: Mandatory Prepayment Date Principal Component *Final Maturity.

• However, the amounts reflected on the ATM screen against the Cardholder’s Prepaid Card Account shall not for any purpose whatsoever be taken as a conclusive Stored Value statement of the Cardholder’s Prepaid Card Account with AEON Credit as it shall not include Prepayment to the Cardholder’s Prepaid Card Account which have not been verified by AEON Credit.

• Prepayment Construction prepayment in the aggregate amount of 10% of the total contract amount shall be payable by GNSR Company to CCCC R&B in instalments in accordance with CCCC R&B’s construction preparation status after CCCC R&B has delivered the performance bond.

• Prepayment Construction prepayment in the aggregate amount of 10% of the total contract amount shall be payable by GNSR Company to CCCC Second Harbour in instalments in accordance with CCCC Second Harbour’s construction preparation status after CCCC Second Harbour has delivered the performance bond.

• Prepayment Construction prepayment in the aggregate amount of 10% of the total contract amount shall be payable by GNSR Company to CR 25th Bureau in instalments in accordance with CR 25th Bureau’s construction preparation status after CR 25th Bureau has delivered the performance bond.

More Definitions of Prepayment

Prepayment. Any payment of principal of a Home Equity Loan which is received by the Servicer which is not a Scheduled Principal Payment and which is not accompanied by an amount of interest representing the full amount of scheduled interest due on any Due Date in any month or months subsequent to the month of prepayment, the portion of Substitution Amounts representing principal, the portion of the Loan Purchase Price of any Home Equity Loan purchased from the Trust pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof representing principal and the proceeds of any Insurance Policy which are to be applied as a payment of principal on the related Home Equity Loan shall be deemed to be Prepayments for all purposes of this Agreement.

Prepayment means repaying part of the Principal Amount ahead of schedule. Depending on the type of Mortgage you have and the amount you are paying, you may have to pay a Prepayment charge when you make a Prepayment.

Prepayment. Any payment of principal of a Mortgage Loan which is received by the Master Servicer in advance of the scheduled due date for the payment of such principal (other than the principal portion of any Prepaid Installment), and the proceeds of any Insurance Policy which are to be applied as a payment of principal on the related Mortgage Loan shall be deemed to be Prepayments for all purposes of this Agreement.

Prepayment means any moneys received or recovered by or for the account of the Authority from any unscheduled payment of or with respect to principal (including any penalty, fee, premium or other additional charge for prepayment of principal which may be provided by the terms of a Mortgage Loan, but excluding any Servicing Fees with respect to the collection of such moneys) on any Mortgage Loan prior to the scheduled payments of principal called for by such Mortgage Loan, whether (a) by voluntary prepayment made by the Borrower or (b) as a consequence of the damage, destruction or condemnation of the mortgaged premises or any part thereof or (c) by the sale, assignment, endorsement or other disposition of such Mortgage Loan by the Authority or (d) in the event of a default thereon by the Borrower, by the acceleration, sale, assignment, endorsement or other disposition of such Mortgage Loan by the Authority or by any other proceedings taken by the Authority.

Prepayment means the payment of all or a portion of an Assessment before the due date thereof. Amounts received at the time of a Prepayment which represent a payment of principal, interest or penalties on a delinquent installment of an Assessment are not to be considered a Prepayment, but rather are to be treated as the payment of the regularly scheduled Assessment.

Prepayment means a Revolving Loan Mandatory Prepayment or a Revolving Loan Optional Prepayment, as the case may be, and "Prepayments" mean collectively all Revolving Loan Mandatory Prepayments and all Revolving Loan Optional Prepayments.

Prepayment means premature repayment of the Loan in part or full by the Borrower ahead of the repayment tenor specified in the Schedule.