Auction Initiator Sample Clauses

Auction Initiator. The Class I-C Certificateholder; provided, that if the Class I-C Certificateholder has not exercised its rights to initiate an auction under Section 11.01 on any date on which the Class I-C Certificateholder is entitled to do so, and the Master Servicer has not exercised its termination rights under Section 11.01 on any date on which the Master Servicer is entitled to do so, the Auction Initiator shall be the Group I Certificate Insurer.