Common use of Initial Optional Termination Date Clause in Contracts

Initial Optional Termination Date. The first Distribution Date on which the aggregate Scheduled Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is equal to 10.00% or less of the Scheduled Principal Balance of the Mortgage Loans as of the Cut-off Date.

Initial Optional Termination Date. The first Distribution Date on or after which the aggregate Scheduled Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is equal to 10.00% or less of the Scheduled Assumed Principal Balance of the Mortgage Loans is less than or equal to [10]% of the aggregate Assumed Principal Balance thereof as of the Cut-off Date.

Initial Optional Termination Date. The first Distribution Date on or after which the aggregate Scheduled Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is equal to 10.00% or less of the Scheduled Assumed Principal Balance of the Mortgage Loans is less than 10% of the aggregate Assumed Principal Balance thereof as of the Cut-off Date.

Initial Optional Termination Date. The first Distribution Date on or after which the aggregate Scheduled Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is equal to 10.00% or less of the Scheduled Assumed Principal Balance of the Mortgage Loans is less than or equal to 10% of the aggregate Assumed Principal Balance thereof as of the Cut-off Cut Off Date.

Initial Optional Termination Date. The first Distribution Date following the date on which the aggregate Scheduled Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is equal to 10.00% or less of the Scheduled Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance thereof as of the Cut-off Date.