Mandatory Partial Prepayment definition

Mandatory Partial Prepayment has the meaning specified in Section 4(b) hereof.
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Mandatory Partial Prepayment means the partial fulfillment of a Parcel’s Special Tax obligation, as determined by following the procedures in Section 7.
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Mandatory Partial Prepayment. Event shall mean any one of the events described in Clauses 5.2.1.1 to 5.2.1.5 Representative of the Borrowers Surety shall mean the surety for the obligations of the Borrowers pursuant to the Finance Documents, given by the Representative of the Borrowers to the Agent, the Security Agent and the Lenders, in accordance with the terms of Clause 4.7 of Amendment N°1.
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Examples of Mandatory Partial Prepayment in a sentence

  • From time to time, the Sellers will pay a Mandatory Partial Prepayment to Buyer in accordance with Section 4(b) hereof.

  • Sellers are obligated to pay the Mandatory Partial Prepayment and take physical possession of the REO Properties or Trust Mortgage Loans, as applicable, giving rise to the Mandatory Partial Prepayment from REO Subsidiary or a Trust Subsidiary, as applicable, or its designee (including the Custodian) at Sellers’ expense on the related Mandatory Partial Prepayment Date.

  • From time to time, the Sellers may request a release of REO Property from the REO Subsidiary in conjunction with a Mandatory Partial Prepayment as a result of the decrease in Market Value of the Trust Interests in connection therewith.

  • Provided that no Default shall have occurred and be continuing, and Buyer has received the applicable Mandatory Partial Prepayment, Buyer agrees to permit the release from the REO Subsidiary of the related REO Property attributable to such Mandatory Partial Prepayment (including, the Repurchase Assets related thereto) at the request of Sellers.

  • Such obligation to pay the Mandatory Partial Prepayment exists without regard to any prior or intervening liquidation or foreclosure with respect to any Purchased Mortgage Loan, Trust Mortgage Loan or REO Property.

  • The Mandatory Partial Prepayment Amount shall be immediately paid upon occurrence of the Mandatory Partial Prepayment Event.

  • Provided that no Default shall have occurred and be continuing, and Buyer has received the applicable Mandatory Partial Prepayment, Buyer agrees to permit the release from the REO Subsidiary or a Trust Subsidiary, as applicable, of the related REO Property or the release from a Trust Subsidiary of the related Trust Mortgage Loans, as applicable, attributable to such Mandatory Partial Prepayment (including, the Repurchase Assets related thereto) at the request of Sellers.

  • Such obligation to pay the Mandatory Partial Prepayment exists without regard to any prior or intervening liquidation or foreclosure with respect to any Purchased Mortgage Loan or REO Property.

  • Sellers are obligated to pay the Mandatory Partial Prepayment and take physical possession of the REO Properties giving rise to the Mandatory Partial Prepayment from REO Subsidiary or its designee (including the Custodian) at Sellers’ expense on the related Mandatory Partial Prepayment Date.

  • From time to time, the Sellers may request a release of REO Property from the REO Subsidiary or any Trust Subsidiary or Trust Mortgage Loans from a Trust Subsidiary, as applicable, in conjunction with a Mandatory Partial Prepayment as a result of the decrease in Market Value of the Trust Interests in connection therewith.


More Definitions of Mandatory Partial Prepayment

Mandatory Partial Prepayment means prepayment of the certificates in part on the Distribution Date immediately succeeding the date on which the Funding Period ends in the event any portion of the Prefunded Amount remains on deposit in the Prefunding Account after giving effect to the sale to the Trust of all Subsequent Contracts sold to the Trust during the Funding Period, including any such acquisition and conveyance on the date on which the Funding Period ends.
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Related to Mandatory Partial Prepayment

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full 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.

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Optional Prepayment means prepayment prior to the Maturity Date of the Notes at the option of the Company in whole or in part other than a Special Event Prepayment.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.