Common use of Removal of Mortgage Loans at Election of Issuer Clause in Contracts

Removal of Mortgage Loans at Election of Issuer. Subject to the conditions set forth below and Section 8.2 of the Indenture, the Issuer may, but shall not be obligated to, require the removal of Mortgage Loans from Pool I and/or Pool II, from time to time, as of the close of business on a Payment Date (each, a "Removal Date"). On the tenth Business Day (the "Removal Notice Date") prior to the Removal Date designated in such notice, the Issuer shall give the Indenture Trustee, the Insurer and the Servicer a notice of the proposed removal that contains a list of the Mortgage Loans to be removed. Such removal of Mortgage Loans in Pool I and/or Pool II shall be permitted upon satisfaction of the following conditions:

Removal of Mortgage Loans at Election of Issuer. Subject to the conditions set forth below and Section 8.2 of the Indenture, the Issuer may, but shall not be obligated to, require the removal of Mortgage Loans from Pool I and/or Pool IILoans, from time to time, as of the close of business on a Payment Date (each, a "Removal DateREMOVAL DATE"). On the tenth Business Day (the "Removal Notice DateREMOVAL NOTICE DATE") prior to the Removal Date designated in such notice, the Issuer shall give the Indenture Trustee, the Insurer and the Servicer a notice of the proposed removal that contains a list of the Mortgage Loans in the Pool to be removed. Such removal of Mortgage Loans in Pool I and/or Pool II shall be permitted upon satisfaction of the following conditions:

Removal of Mortgage Loans at Election of Issuer. Subject to the conditions set forth below and Section 8.2 of the Indenture, the Issuer may, but shall not be obligated to, require the removal of Mortgage Loans from Pool I and/or Pool IILoans, from time to time, as of the close of business on a Payment Date (each, a "“Removal Date"”). On the tenth Business Day (the "“Removal Notice Date"”) prior to the Removal Date designated in such notice, the Issuer shall give the Indenture Trustee, the Insurer and the Servicer a notice of the proposed removal that contains a list of the Mortgage Loans in the Pool to be removed. Such removal of Mortgage Loans in Pool I and/or Pool II shall be permitted upon satisfaction of the following conditions:

Removal of Mortgage Loans at Election of Issuer. Subject to the conditions set forth below and Section 8.2 of the Indenture, the Issuer may, but shall not be obligated to, require the removal of Mortgage Loans from Pool I I, Pool II and/or Pool IIIII, from time to time, as of the close of business on a Payment Date (each, a "Removal Date"). On the tenth Business Day (the "Removal Notice Date") prior to the Removal Date designated in such notice, the Issuer shall give the Indenture Trustee, the Insurer and the Servicer a notice of the proposed removal that contains a list of the Mortgage Loans to be removed. Such removal of Mortgage Loans in Pool I and/or Pool II and/or Pool III shall be permitted upon satisfaction of the following conditions:

Removal of Mortgage Loans at Election of Issuer. Subject to the conditions set forth below and Section 8.2 of the Indenture, the Issuer may, but shall not be obligated to, require the removal of Mortgage Loans from Pool I and/or Pool IIII and/or Pool III, from time to time, as of the close of business on a Payment Date (each, a "Removal Date"). On the tenth Business Day (the "Removal Notice Date") prior to the Removal Date designated in such notice, the Issuer shall give the Indenture Trustee, the Insurer and the Servicer a notice of the proposed removal that contains a list of the Mortgage Loans to be removed. Such removal of Mortgage Loans in Pool I and/or I, Pool II or Pool III shall be permitted upon satisfaction of the following conditions:

Removal of Mortgage Loans at Election of Issuer. Subject to the conditions set forth below and Section 8.2 of the Indenture, the Issuer may, but shall not be obligated to, require the removal of Mortgage Loans from Pool I and/or Pool IILoans, from time to time, as of the close of business on a Payment Date (each, a "Removal Date"). On the tenth Business Day (the "Removal Notice Date") prior to the Removal Date designated in such notice, the Issuer shall give the Indenture Trustee, the Insurer and the Servicer a notice of the proposed removal that contains a list of the Mortgage Loans in the Pool to be removed. Such removal of Mortgage Loans in Pool I and/or Pool II shall be permitted upon satisfaction of the following conditions: