METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES Sample Clauses

METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES. 7.1 This Clause 7 shall apply if the CBC is required to sell or refinance Selected Mortgage Receivables in accordance with Clause 6.1 (subject to the proceeds being at least equal to the Adjusted Required Redemption Amount (after deduction of costs and as reduced by or increased with, as the case may be, any swap termination payment due by the CBC to the relevant Swap Counterparty, or by the relevant Swap Counterparty to the CBC, in connection with the termination of the Swap Agreement related to the relevant Series or a relevant part thereof)) and is at all times subject to Clause 9 of the Guarantee Support Agreement.
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METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES. 9.1 This Clause 9 shall apply if the CBC is required to sell or refinance Selected Mortgage Receivables in accordance with Clause 8 and is at all times subject to Clause 9 of the Guarantee Support Agreement, but the CBC does not have an obligation to do so vis-à-vis the Issuer and the Transferor. The CBC shall ensure that (i) the Selected Mortgage Receivables will be selected on a random basis and (ii) the proceeds of the sale or refinancing of the Selected Mortgage Receivables will be at least equal to the Adjusted Required Redemption Amount as reduced by or increased with, as the case may be, any swap termination payment due by the CBC to the relevant Swap Counterparty, or by the relevant Swap Counterparty to the CBC, in connection with the termination of the Swap Agreement related to the relevant Series or a relevant part thereof or, in case of Clause 9.5, such lower amount as may be available).
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METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES. 9.1 This Clause 9 shall apply if the CBC is required to sell or refinance Selected Mortgage Receivables in accordance with Clause 8 and is at all times subject to Clause 10 of the Guarantee Support Agreement, but the CBC does not have an obligation to do so vis-à-vis the Issuer and the Transferor. The CBC shall ensure that (i) the Selected Mortgage Receivables will be selected on a random basis and (ii) the proceeds of the sale or refinancing of the Selected Mortgage Receivables will be at least equal to the Adjusted Required Redemption Amount as reduced by or increased with, as the case may be, any swap termination payment due by the CBC to the relevant Swap Counterparty, or by the relevant Swap Counterparty to the CBC, in connection with the termination of the Swap Agreement related to the relevant Series or a relevant part thereof or, in case of Clause 6.5, such lower amount as may be available, plus, in the case of Savings Mortgage Receivables, Savings Investment Mortgage Receivables and Bank Savings Mortgage Receivables which are subject to an Insurance Savings Participation or a Bank Savings Participation, respectively, an amount equal to the aggregate Insurance Savings Participations and the Bank Savings Participations, and provided that the Amortisation Test is not breached following the proposed sale or refinancing.
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METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES. 9.1 This Clause 9 shall apply if the CBC is required to sell or refinance Selected Mortgage Receivables in accordance with Clause 5 and is at all times subject to Clause 10 of the Guarantee Support Agreement, but the CBC does not have an obligation to do so vis-à-vis the Issuer.
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METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES. ‌ This Clause shall apply if the CBC is required, subject to the proceeds being at least equal to the Adjusted Required Redemption Amount (after deduction of costs and as reduced by or increased with, as the case may be, any swap termination payment due by the CBC to the relevant Swap Counterparty, or by the relevant Swap Counterparty to the CBC, in connection with the termination of the Swap Agreement related to the relevant Series or a relevant part thereof) plus, in the case of Savings Mortgage Receivables which are subject to a Participation, an amount equal to the aggregate Participations, to sell or refinance Selected Mortgage Receivables in accordance with Clause 5.1 and is at all times subject to Clause 9 of the Guarantee Support Agreement.
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Related to METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES

  • LOCATION OF QUALIFIED PROPERTY AND INVESTMENT The Land on which the Qualified Property shall be located and on which the Qualified Investment shall be made is described in EXHIBIT 2, which is attached hereto and incorporated herein by reference for all purposes. The Parties expressly agree that the boundaries of the Land may not be materially changed from its configuration described in EXHIBIT 2 unless amended pursuant to the provisions of Section 10.2 of this Agreement.

  • DESCRIPTION OF QUALIFIED PROPERTY The Qualified Property that is subject to the Tax Limitation Amount is described in EXHIBIT 4, which is attached hereto and incorporated herein by reference for all purposes. Property which is not specifically described in EXHIBIT 4 shall not be considered by the District or the Appraisal District to be part of the Applicant’s Qualified Property for purposes of this Agreement, unless by official action the Board of Trustees provides that such other property is a part of the Applicant’s Qualified Property for purposes of this Agreement in compliance with Section 313.027(e) of the TEXAS TAX CODE, the Comptroller’s Rules, and Section 10.2 of this Agreement.

  • Qualified Property Applicant’s Qualified Property is described in Schedule 2.3, which is incorporated herein by reference. The Parties expressly agree that the location of the Qualified Property shall be within the Reinvestment Zone as set out in Schedule 2.1.

  • ADMISSION REQUIREMENTS FOR SENIOR COLLEGE PROGRAM  The A.A. degree and a minimum GPA of 2.00  Grade of C or better in a credit-bearing mathematics course worth three or more credits*  Grade of C or better in freshman composition, its equivalent, or a higher-level English course* *(Effective 10/1/08, per University policy) Students who wish to transfer but do not meet all of the above requirements or are unable to enroll within two years after graduation will receive admission consideration under our standard transfer credit policies. Total transfer credits granted toward the baccalaureate degree: 60 Total additional credits required at the senior college to complete baccalaureate degree: 60 Total credits required for the B.A. in Global History: 120

  • WITHDRAWAL OF SALE AND RESALE 7.1 The Bank at its absolute discretion through the Auctioneer reserves the right to suspend, withdraw, postpone and/or call off the Auction Sale of the Property for any reason whatsoever at any time before the fall of the hammer.

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