Common use of Securitization Unwind Clause in Contracts

Securitization Unwind. If a Securitization Unwind (as hereinafter defined) occurs, an Additional Termination Event shall have occurred with respect to Party B and Party B shall be the sole Affected Party with respect to such Additional Termination Event. The Early Termination Date in respect of such Additional Termination Event shall not be earlier than 20 days prior to the date the Notice of Final Distribution is to be mailed to the affected Certificateholders. As used herein, "Securitization Unwind" means notice of the requisite amount of a party's intention to exercise its option to purchase the underlying mortgage loans pursuant the Base Agreement is given by the Trustee to certificateholders or noteholders, as applicable, pursuant to the Base Agreement.

Securitization Unwind. If a Securitization Unwind (as hereinafter defined) occurs, an Additional Termination Event shall have occurred with respect to Party B and Party B shall be the sole Affected Party with respect to such Additional Termination Event. The Early Termination Date in respect of such Additional Termination Event shall not be earlier than 20 days prior to the date 10th day of the Notice month of Final the Distribution is to Date upon which final distribution on the Certificates will be mailed to the affected Certificateholdersmade. As used herein, "Securitization Unwind" means notice of the requisite amount of a party's intention to exercise its option to purchase the underlying mortgage loans pursuant the Base Agreement is given by the Trustee to certificateholders or noteholders, as applicable, pursuant to the Base Agreement.

Securitization Unwind. If a Securitization Unwind (as hereinafter defined) occurs, an Additional Termination Event shall have occurred with respect to Party B and Party B shall be the sole Affected Party with respect to such Additional Termination Event. The Early Termination Date in respect of such Additional Termination Event shall not be earlier than 20 days prior to the date 10th day of the Notice month of Final the Distribution is to Date upon which final distribution on the Certificates will be mailed to the affected Certificateholdersmade. As used herein, "Securitization Unwind" means notice of the requisite amount of a party's intention to exercise its option to purchase the underlying mortgage loans pursuant the Base Agreement is given by the Trustee or Securities Administrator to certificateholders or noteholders, as applicable, pursuant to the Base Agreement.