After the Purchaser Trust Termination Date Sample Clauses

After the Purchaser Trust Termination Date. The Vendor shall advise Tarion and the Escrow Agent in writing when the Purchaser Trust Termination Date has occurred with evidence that all Deposits owing to Purchasers whose Purchaser Agreement was terminated pursuant to an Early Termination Condition have received a full refund of Deposits as contemplated by section 5.1 above. The parties also acknowledge that the Tarion Security Amounts shall after the Purchaser Trust Termination Date be held by the Escrow Agent in trust for and subject to the security interest of Tarion and otherwise upon and subject to the terms of this Agreement. For greater certainty from and after the Purchaser Trust termination Date no amounts shall be released by the Escrow Agent without the express written consent of Tarion.
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After the Purchaser Trust Termination Date. The Vendor shall advise the Escrow Agent in writing when the Purchaser Trust Termination Date has occurred with evidence that all Deposit Funds owing to Purchasers whose Purchaser Agreement was terminated pursuant to an Early Termination Condition have received a full refund of Deposit Funds as contemplated by section 4.1 above. Thereafter the Escrow Agent may respond to a written direction from the Vendor to pay remaining Deposit Funds to the Vendor.
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Related to After the Purchaser Trust Termination Date

  • Assuming Institution Portfolio Sales of Remaining Shared-Loss Loans The Assuming Institution shall have the right, with the consent of the Receiver, to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Shared-Loss Loans held by the Assuming Institution at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Institution exercises its option under this Section 4.1, it must give sixty

  • Assuming Institution’s Liquidation of Remaining Shared-Loss Loans In the event that the Assuming Institution does not conduct a Portfolio Sale pursuant to Section 4.1, the Receiver shall have the right, exercisable in its sole and absolute discretion, to require the Assuming Institution to liquidate for cash consideration, any Shared-Loss Loans held by the Assuming Institution at any time after the date that is six months prior to the Termination Date. If the Receiver exercises its option under this Section 4.2, it must give notice in writing to the Assuming Institution, setting forth the time period within which the Assuming Institution shall be required to liquidate the Shared-Loss Loans. The Assuming Institution will comply with the Receiver’s notice and must liquidate the Shared-Loss Loans as soon as reasonably practicable by means of sealed bid sales to third parties, not including any of the Assuming Institution’s affiliates, contractors, or any affiliates of the Assuming Institution’s contractors. The selection of any financial advisor or other third party broker or sales agent retained for the liquidation of the remaining Shared-Loss Loans pursuant to this Section shall be subject to the prior approval of the Receiver, such approval not to be unreasonably withheld, delayed or conditioned.

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