Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 11.01, the Terminating Entity shall, at least twenty days prior to the date notice is to be mailed to the affected Certificateholders notify the Trustee and Trust Administrator of such Optional Termination Date and of the applicable purchase price of the Mortgage Loans to be purchased. The Trust Administrator shall give notice to the Rating Agencies of election to purchase the Mortgage Loans pursuant to Section 11.01 hereof and of the Optional Termination Date.
Procedure Upon Optional Termination. 131 SECTION 11.03
Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 11.01, Olympus shall, at least twenty days prior to the date notice is to be mailed to the affected Certificateholders notify the Trustee and Trust Administrator of such Optional Termination Date and of the applicable purchase price of the Mortgage Loans to be purchased.
Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 10.01, the Servicer shall, at least twenty days prior to the date notice is to be mailed to the affected Certificateholders notify the Trustee and the Insurer of such Optional Termination Date and of the applicable repurchase price of the Mortgage Loans to be repurchased.
Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 14.01, the [Depositor] shall, at least 20 days prior to the Optional Termination Date (unless a shorter period shall be satisfactory to the Trustee and the Master Servicer), notify the Trustee and the Master Servicer of such Optional Termination Date and of the Repurchase Price of the Contracts to be purchased.
Procedure Upon Optional Termination. 12 ARTICLE XV MISCELLANEOUS.............................................................. 13
Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 11.01, Vesta shall, at least twenty days prior to the date notice is to be mailed to the affected Certificateholders notify the Trustee and Trust Administrator of such Optional Termination Date and of the applicable purchase price of the Mortgage Loans to be purchased.
Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 4.01, the Depositor shall, at least ten days prior to the date notice is to be mailed to the Certificateholders (unless a shorter period shall be satisfactory to the Trustee), notify the Trustee of such Optional Termination Date, and of the Repurchase Price of the Mortgage Assets to be purchased.
Procedure Upon Optional Termination. 42 ARTICLE V
Procedure Upon Optional Termination. (a) In case of any Optional Termination, the Terminating Entity or Ocwen, as applicable, shall, no later than ten (10) days prior to the first day of the related Optional Termination Notice Period, notify the Trustee of such Optional Termination Date and of the applicable purchase price of the Mortgage Loans to be purchased. Upon purchase by the Terminating Entity or Ocwen, as applicable, of any Mortgage Loans pursuant to Section 11.01, the Trustee shall notify the Servicer that is servicing any of such Mortgage Loans (and with respect to the purchase of the Mortgage Loans in any Loan Group to which a Swap or a Cap relates, the related Counterparty) of such purchase. In connection with any Optional Termination, four (4) Business Days prior to the final Distribution Date specified in the notice required pursuant to this Section 11.03(a), the Trustee shall, no later than 4:00 pm New York City time on such day, request in writing (in accordance with the applicable provision in the Swap Agreement) and by phone from the Swap Counterparty the amount of the Estimated Swap Termination Payment. The Swap Counterparty shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Estimated Swap Termination Payment; the Trustee shall promptly on the same day notify the Terminating Entity of the amount of the Estimated Swap Termination Payment.
