Common use of Notice of Auction Clause in Contracts

Notice of Auction. On the Distribution Date in the month prior to the Auction Distribution Date, the Auction Administrator shall give written notice by letter to the Holder of each Certificate (which form of notice is attached hereto as Exhibit C) that will be subject to the Auction, with a copy to CSI, specifying (i) that such Certificate shall be auctioned in accordance with this Agreement on the Auction Distribution Date and that the Par Price for such Certificate shall (upon the Auction Administrator's receipt thereof in accordance with Section 2 of this Agreement) be payable to such Holder, subject to the surrender of the Certificate by the Holder thereof to the Certificate Registrar pursuant to Section 5 hereof in the event that the Certificate is not then held in book-entry form, (ii) the Auction Distribution Date, (iii) the method of calculating the Par Price payable to such Holder (in accordance with Section 2 of this Agreement) and (iv) in the event such Certificate is not then held in book-entry form, that such Certificate should be surrendered to the Certificate Registrar for registration of transfer to the winning Bidder.

Appears in 3 contracts

Samples: Auction Administration Agreement (Thornburg 2006-2), Auction Administration Agreement (Thornburg Mortgage Securities Trust 2006-3), Auction Administration Agreement (Thornburg Mortgage Securities Trust 2006-5)

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Notice of Auction. On the Distribution Date in the month prior to the Auction Distribution Date, the Auction Administrator shall give written notice by letter to the Holder of each Certificate (which form of notice is attached hereto as Exhibit C) that will be subject to the Auction, with a copy to CSIGCD, specifying (i) that such Certificate shall be auctioned in accordance with this Agreement on the Auction Distribution Date and that the Par Price for such Certificate shall (upon the Auction Administrator's ’s receipt thereof in accordance with Section 2 of this Agreement) be payable to such Holder, subject to the surrender of the Certificate by the Holder thereof to the Certificate Registrar pursuant to Section 5 hereof in the event that the Certificate is not then held in book-entry form, (ii) the Auction Distribution Date, (iii) the method of calculating the Par Price payable to such Holder (in accordance with Section 2 of this Agreement) and (iv) in the event such Certificate is not then held in book-entry form, that such Certificate should be surrendered to the Certificate Registrar for registration of transfer to the winning Bidder.

Appears in 3 contracts

Samples: Auction Administration Agreement (Thornburg Mortgage Securities Trust 2005-2), Auction Administration Agreement (Thornburg Mortgage Securities Trust 2005-4), Auction Administration Agreement (Thornburg Mortgage Securities Trust 2005-3)

Notice of Auction. On the Distribution Date in the month prior to the Auction Distribution Date, the Auction Administrator shall give written notice by letter to the Holder of each Certificate (which form of notice is attached hereto as Exhibit C) that will be subject to the Auction, with a copy to CSI, specifying (i) that such Certificate shall be auctioned in accordance with this Agreement on the Auction Distribution Date and that the Par Price for such Certificate shall (upon the Auction Administrator's ’s receipt thereof in accordance with Section 2 of this Agreement) be payable to such Holder, subject to the surrender of the Certificate by the Holder thereof to the Certificate Registrar pursuant to Section 5 hereof in the event that the Certificate is not then held in book-entry form, (ii) the Auction Distribution Date, (iii) the method of calculating the Par Price payable to such Holder (in accordance with Section 2 of this Agreement) and (iv) in the event such Certificate is not then held in book-entry form, that such Certificate should be surrendered to the Certificate Registrar for registration of transfer to the winning Bidder.

Appears in 2 contracts

Samples: Auction Administration Agreement (Zuni 2006-Oa1), Auction Administration Agreement (Thornburg Mortgage Securities Trust 2006-6)

Notice of Auction. On the Distribution Payment Date in the month prior to the Auction Distribution Payment Date, the Auction Administrator shall give written notice by letter to the Holder of each Certificate Note (which form of notice is attached hereto as Exhibit C) that will be subject to the Auction, with a copy to CSI, specifying (i) that such Certificate Note shall be auctioned in accordance with this Agreement on the Auction Distribution Payment Date and that the Par Price for such Certificate Note shall (upon the Auction Administrator's ’s receipt thereof in accordance with Section 2 of this Agreement) be payable to such Holder, subject to the surrender of the Certificate Note by the Holder thereof to the Certificate Note Registrar pursuant to Section 5 hereof in the event that the Certificate Note is not then held in book-entry form, (ii) the Auction Distribution Payment Date, (iii) the method of calculating the Par Price payable to such Holder (in accordance with Section 2 of this Agreement) and (iv) in the event such Certificate Note is not then held in book-entry form, that such Certificate Note should be surrendered to the Certificate Note Registrar for registration of transfer to the winning Bidder.

Appears in 2 contracts

Samples: Auction Administration Agreement (Thornburg Mortgage Securities Trust 2007-2), Auction Administration Agreement (Thornburg Mortgage Securities Trust 2007-1)

Notice of Auction. On the Distribution Date in the month prior to the Auction Distribution Date, the Auction Administrator shall give written notice by letter to the Holder of each Certificate (which form of notice is attached hereto as Exhibit C) that will be subject to the Auction, with a copy to CSIRBS, specifying (i) that such Certificate shall be auctioned in accordance with this Agreement on the Auction Distribution Date and that the Par Price for such Certificate shall (upon the Auction Administrator's ’s receipt thereof in accordance with Section 2 of this Agreement) be payable to such Holder, subject to the surrender of the Certificate by the Holder thereof to the Certificate Registrar pursuant to Section 5 hereof in the event that the Certificate is not then held in book-entry form, (ii) the Auction Distribution Date, (iii) the method of calculating the Par Price payable to such Holder (in accordance with Section 2 of this Agreement) and (iv) in the event such Certificate is not then held in book-entry form, that such Certificate should be surrendered to the Certificate Registrar for registration of transfer to the winning Bidder.

Appears in 1 contract

Samples: Auction Administration Agreement (Thornburg Mortgage Securities Trust 2006-1)

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Notice of Auction. On the Distribution Date in the month prior to the Auction Distribution Date, the Auction Administrator shall give written notice by letter to the Holder of each Certificate (which form of notice is attached hereto as Exhibit C) that will be subject to the Auction, with a copy to CSIDBAG, specifying (i) that such Certificate shall be auctioned in accordance with this Agreement on the Auction Distribution Date and that the Par Price for such Certificate shall (upon the Auction Administrator's ’s receipt thereof in accordance with Section 2 of this Agreement) be payable to such Holder, subject to the surrender of the Certificate by the Holder thereof to the Certificate Registrar pursuant to Section 5 hereof in the event that the Certificate is not then held in book-entry form, (ii) the Auction Distribution Date, (iii) the method of calculating the Par Price payable to such Holder (in accordance with Section 2 of this Agreement) and (iv) in the event such Certificate is not then held in book-entry form, that such Certificate should be surrendered to the Certificate Registrar for registration of transfer to the winning Bidder.

Appears in 1 contract

Samples: Auction Administration Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-1)

Notice of Auction. On the Distribution Date in the month prior to the Auction Distribution Date, the Auction Administrator shall give written notice by letter to the Holder of each Certificate (which form of notice is attached hereto as Exhibit C) that will be subject to the Auction, with a copy to CSIGCD, specifying (i) that such Certificate shall be auctioned in accordance with this Agreement on the Auction Distribution Date and that the Par Price for such Certificate shall (upon the Auction Administrator's ’s receipt thereof in accordance with Section 2 of this Agreement) be payable to such Holder, subject to the surrender of the Certificate by the Holder thereof to the Certificate Registrar pursuant to Section 5 hereof in the event that the Certificate is not then held in book-entry form, (ii) the Auction Distribution Date, (iii) the method of calculating the Par Price payable to such Holder (in accordance with Section 2 of this Agreement) and (iv) in the event such Certificate is not then held in book-entry form, that such Certificate should be surrendered to the Certificate Registrar Trustee for registration of transfer to the winning Bidder.

Appears in 1 contract

Samples: Auction Administration Agreement (Thornburg Mortgage Securities Trust 2004-2)

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