Call Option Holder definition
Examples of Call Option Holder in a sentence
In the event that the Call Option Holder does not exercise its right of optional termination, the obligations and responsibilities created by the Agreement will terminate upon the earliest of (i) the Distribution Date on which the Class Certificate Principal Balance of each Class of Certificates has been reduced to zero, (ii) the final payment or other liquidation of the last Mortgage Loan and (iii) the Latest Possible Maturity Date.
The final amount of such Budget Surplus, and any extension of the Grant Period, shall be determined by Grantor upon ▇▇▇▇▇▇▇’s timely submission of the relevant AFR and a revised Proposal.
Any transfer to a Call Option Holder not meeting the requirements of this Section 10.03(b) shall be null and void.
Subject to the restrictions set forth in Section 10.03(b), the Seller may, in its sole discretion, designate one (1) successor Call Option Holder upon delivery to, and acknowledgement by, the Trustee and the Master Servicer of, a Call Option Assignment Agreement.
The Trustee shall, within two Business Days of receipt of an executed Call Option Assignment Agreement from the Seller, acknowledge and deliver to the Seller and the successor Call Option Holder, an executed and acknowledged copy of such Call Option Assignment Agreement.