Common use of Termination upon Liquidation or Purchase of all Mortgage Loans Clause in Contracts

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special Servicer, the Modification Oversight Agent, the Servicers, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan Group, the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through Loan Group and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through Loan Group, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through Loan Group, at the time of the purchase is less than or equal to 5% of the Aggregate Loan Group Balance of the Pass-Through Loan Group as of the Cut-off Date; or

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3 and Loan Group 4 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 5the sum of (1) 10% of the Aggregate Loan Group aggregate Principal Balance of the Pass-Through Mortgage Loans in Loan Group 3 and Loan Group 4 as of the Initial Cut-off Date and (2) the sum of the Aggregate Group 1 Collateral Balance and the Aggregate Group 2 Collateral Balance as of the Initial Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3 and Loan Group 4, the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "“Optional Termination Date"”) on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-4 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 and Loan Group 6 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "“Optional Termination Date"”) on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase p urchas e is less l ess than or equal to 510% of the Aggregate Loan Group Groups 1-6 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special Servicer, the Modification Oversight Agent, the Servicers, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) created hereby shall terminate upon the earlier of: (a) (i) with respect to the any Related Pass-Through Loan GroupGroups, the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the such Related Pass-Through Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the such Related Pass-Through Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the such Related Pass-Through Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Related Pass-Through Collateral Balance of the for such Related Pass-Through Loan Group Groups as of the Cut-off Date; or

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special Servicer, the Modification Oversight Agent, Servicer or the Servicers, the SellerBack-Up Servicer, the Sellers, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3 and Loan Group 4, the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-4 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; or

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with i)with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "“Optional Termination Date"”) on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-5 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special Servicer, the Modification Oversight Agent, Servicer or the Servicers, the SellerBack-Up Servicer, the Sellers, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6, Loan Group 7 and Loan Group 8 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group aggregate Principal Balance of the Pass-Through Mortgage Loans in such Loan Group Groups as of the Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special Servicer, the Modification Oversight Agent, Servicer or the Servicers, the SellerBack-Up Servicer, the Sellers, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5, the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-5 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; or

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3 and Loan Group 4 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group aggregate Principal Balance of the Pass-Through Mortgage Loans in such Loan Group Groups as of the Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with i)with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "“Optional Termination Date"”) on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group aggregate Principal Balance of the Pass-Through Mortgage Loans in such Loan Group Groups as of the Initial Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with i)with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6 and Loan Group 7 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "“Optional Termination Date"”) on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-7 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special Servicer, the Modification Oversight Agent, Servicer or the Servicers, the SellerBack-Up Servicer, the Sellers, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3 and Loan Group 4, the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-4 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; or;

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special Servicer, the Modification Oversight Agent, Servicer or the Servicers, the SellerBack-Up Servicer, the Sellers, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6 and Loan Group 6 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "Optional Termination Date") on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group aggregate Principal Balance of the Pass-Through Mortgage Loans in such Loan Group Groups as of the Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 and Loan Group 6 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "“Optional Termination Date"”) on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-6 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; orand

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special Servicer, the Modification Oversight Agent, Servicer or the Servicers, the SellerBack-Up Servicer, the Sellers, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3 and Loan Group 4, the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "“Optional Termination Date"”) on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-4 Collateral Balance of the Pass-Through Loan Group as of the Initial Cut-off Date; or

Termination upon Liquidation or Purchase of all Mortgage Loans. The obligations and responsibilities of the Master Servicer, the Special ServicerServicer or the Servicers, the Modification Oversight Agent, the ServicersBack-Up Servicer, the Seller, the Depositor, the Trustee and the Trust Administrator created hereby with respect to the related Loan Group(s) Group or Groups created hereby shall terminate upon the earlier of: (a) (i) with i)with respect to the Pass-Through Loan GroupGroup 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 and Loan Group 6 the purchase by the Terminating Entity, at its election, of all Mortgage Loans in the Pass-Through such Loan Group Groups and all property acquired in respect of any remaining Mortgage Loan in the Related Pass-Through such Loan GroupGroups, which purchase right the Terminating Entity may exercise at its sole and exclusive election as of any Distribution Date (such applicable Distribution Date with respect to such Mortgage Loans being herein referred to as the "“Optional Termination Date"”) on or after the date on which the aggregate Principal Balance of the Mortgage Loans in the Pass-Through such Loan GroupGroups, at the time of the purchase is less than or equal to 510% of the Aggregate Loan Group Groups 1-6 Collateral Balance of the Pass-Through Loan Group as of the Cut-off Date; orand