Clean-Up Repurchase Option. (a) The Servicer may, as of any Distribution Day (the “Purchase Date”), purchase from the Co-Owners of a Series all, but not less than all, of the Ownership Interests of the Series owned by such Co-Owner on the Purchase Date. The purchase shall not be effected unless:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Royal Bank of Canada), Pooling and Servicing Agreement
Clean-Up Repurchase Option. (a1) The Subject to the provisions of this Section, the Servicer may, as of any Distribution Reporting Day (the “Purchase Date”), purchase from the Co-Owners of a Series all, but not less than all, of the Ownership Interests of the Series owned by such Co-Owner Owners on the Purchase Date. The purchase shall not be effected unless:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement
