First Prepayment Finance Charge

Example Definitions of "First Prepayment Finance Charge"
First Prepayment Finance Charge. Means the interest assessed by Stillwater on the amount of the First Prepayment and calculated as the product of (i) the amount of the First Prepayment prior to deducting the First Prepayment Finance Charge; (ii) Stillwater's Cost of Borrowing plus [**] basis points; and (iii) the number of days from the date of the First Prepayment until the Estimated Delivery Date divided by 360.
All Definitions