Common use of Final Structure Due Date Clause in Contracts

Final Structure Due Date. The Underwriter agrees to submit to the Company, no later than 9:00 a.m. central time on the Final Structure Due Date specified in the applicable Terms Agreement its determination of the final structure relating to, among other items, the class designations, approximate principal amounts and payment priorities of the Certificates. Changes to such final structure may be made by the Underwriter after the Final Structure Due Date if the changes are of a non-material nature. The determination as to whether such changes are non-material shall be in the sole discretion of the Company. In addition, on or before the Final Structure Due Date the Underwriter may elect an extension thereof for an additional one or two business days beyond the original Final Structure Due Date if the Underwriter notifies the Company of its election not later than 9:00 a.m. central time on such original Final Structure Due Date and the Underwriter pays to the Company, on or prior to the Closing Date, an extension fee of $10,000. for each day the Final Structure Due Date is extended as reimbursement for the Company’s costs and expenses arising from such extension.

Appears in 14 contracts

Samples: Underwriting Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-1), Underwriting Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Ar1), First Horizon (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Re1)

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Final Structure Due Date. The Underwriter agrees to submit to the Company, no later than 9:00 a.m. central time on the Final Structure Due Date specified in the applicable Terms Agreement its determination of the final structure relating to, among other items, the class designations, approximate principal amounts and payment priorities of the Certificates. Changes to such final structure may be made by the Underwriter after the Final Structure Due Date if the changes are of a non-material nature. The determination as to whether such changes are non-material shall be in the sole discretion of the Company. In addition, on or before the Final Structure Due Date the Underwriter may elect an extension thereof for an additional one or two business days beyond the original Final Structure Due Date if the Underwriter notifies the Company of its election not later than 9:00 a.m. central time on such original Final Structure Due Date and the Underwriter pays to the Company, on or prior to the Closing Date, an extension fee of $10,000. 10,000 for each day the Final Structure Due Date is extended as reimbursement for the Company’s costs and expenses arising from such extension.

Appears in 4 contracts

Samples: Underwriting Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2007-Fa1), First Horizon (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Fa6), Underwriting Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Ar3)

Final Structure Due Date. The Underwriter agrees to submit to the Company, no later than 9:00 a.m. central time on the Final Structure Due Date specified in the applicable Terms Agreement its determination of the final structure relating to, among other items, the class designations, approximate principal amounts and payment priorities of the CertificatesNotes. Changes to such final structure may be made by the Underwriter after the Final Structure Due Date if the changes are of a non-material nature. The determination as to whether such changes are non-material shall be in the sole discretion of the Company. In addition, on or before the Final Structure Due Date the Underwriter may elect an extension thereof for an additional one or two business days beyond the original Final Structure Due Date if the Underwriter notifies the Company of its election not later than 9:00 a.m. central time on such original Final Structure Due Date and the Underwriter pays to the Company, on or prior to the Closing Date, an extension fee of $10,000. for each day the Final Structure Due Date is extended as reimbursement for the Company’s costs and expenses arising from such extension.

Appears in 1 contract

Samples: Underwriting Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1)

Final Structure Due Date. The Underwriter agrees to submit to the Company, no later than 9:00 11:00 a.m. central New York City time on the Final Structure Due Date specified in the applicable Terms Agreement its determination of the final structure relating to, among other items, the class designations, approximate principal amounts and payment priorities of the Certificates. Changes to such final structure may be made by the Underwriter after the Final Structure Due Date if the changes are of a non-material nature. The determination as to whether such changes are non-material shall be in the sole discretion of the Company. In addition, on or before the Final Structure Due Date the Underwriter may elect an extension thereof for an additional one or two business days beyond the original Final Structure Due Date if the Underwriter notifies the Company of its election not later than 9:00 11:00 a.m. central New York City time on such original Final Structure Due Date and the Underwriter pays to the Company, on or prior to the Closing Date, an extension fee of $10,000. for each day the Final Structure Due Date is extended as reimbursement for the Company’s costs and expenses arising from such extension.

Appears in 1 contract

Samples: Underwriting Agreement (BancCap Asset Securitization Issuance Corp, BASIC Asset Backed Securities Trust 2006-1, Mortgage Pass-Through Certificates, Series 2006-1)

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Final Structure Due Date. The Underwriter agrees to submit to the Company, no later than 9:00 a.m. central time on the Final Structure Due Date specified in the applicable Terms Agreement its determination of the final structure relating to, among other items, the class designations, approximate principal amounts and payment priorities of the Certificates. Changes to such final structure may be made by the Underwriter after the Final Structure Due Date if the changes are of a non-material nature. The determination as to whether such changes are non-material shall be in the sole discretion of the Company. In addition, on or before the Final Structure Due Date the Underwriter may elect an extension thereof for an additional one or two business days beyond the original Final Structure Due Date if the Underwriter notifies the Company of its election not later than 9:00 a.m. central time on such original Final Structure Due Date and the Underwriter pays to the Company, on or prior to the Closing Date, an extension fee of $10,000. for each day the Final Structure Due Date is extended as reimbursement for the Company’s costs and expenses arising from such extension.. 187715 Xxxxxx Xxxxxxx/First Horizon Master Underwriting Agreement

Appears in 1 contract

Samples: Underwriting Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-2)

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