Examples of Call Right Holder in a sentence
The obligations and responsibilities created by the Agreement shall terminate upon the earlier to occur of (A) the final distribution to Certificateholders of all amounts required to be distributed pursuant to the Agreement or (B) the optional purchase by a Call Right Holder of the last Mortgage Certificate remaining in the Trust Fund at a purchase price determined as provided in the Agreement.
The obligations and responsibilities created by the Agreement shall terminate upon the earlier to occur of (A) the final distribution to Certificateholders of all amounts required to be distributed pursuant to the Agreement or (B) the optional purchase by the Call Right Holder of the Mortgage Certificates in the Trust Fund at a purchase price determined as provided in the Agreement.
Fair market value for the purposes of the previous sentence and the first paragraph of this Section 10.01 will be determined by the Call Right Holder as of the close of business on the third Business Day next preceding the date upon which such notice of the exercise of any purchase right is furnished to Certificateholders pursuant to the sixth paragraph of this Section 10.01.
If such right is exercised by the Call Right Holder, the Securities Administrator shall, promptly following payment of the purchase price, release to the Call Right Holder, or its respective designees, the Mortgage Files pertaining to such Mortgage Loans being purchased.
Any such purchase shall be accomplished by the applicable Call Right Holder (a) providing written notice to the Trustee of its intention to purchase the related Mortgage Certificates no later than the end of the calendar month preceding the month of the Final Distribution Date and (b) remitting, not later than the Business Day preceding the Final Distribution Date, the Termination Price to the Trustee for deposit into the Certificate Account.
If such right is exercised, the Trustee shall, promptly following payment of the Termination Price, release to the Call Right Holder or its designee the Mortgage Certificates.
If such right is exercised, the Trustee shall, promptly following payment of the Termination Price, release to the Call Right Holder or its designee the Mortgage Certificates being purchased.
Any such purchase shall be accomplished by the Call Right Holder (a) providing written notice to the Trustee of its intention to purchase the Mortgage Certificates no later than the end of the calendar month preceding the month of the Final Distribution Date and (b) remitting, not later than the Business Day preceding the Final Distribution Date, the Termination Price to the Trustee for deposit into the Certificate Account.
The WMMSC Master Servicer, as a Call Right Holder, may not exercise its purchase option for the WMMSC Group 3 Call Right Mortgage Loans until all WMMSC Master Serviced Loan Reimbursement Amounts for the WMMSC Group 3 Call Right Mortgage Loans have been paid.
The right of the WF Mastxx Xxrvicer, as a Call Right Holder, to purchase the WF Group 1 Call Right Mortgage Loans or WF Group 3 Call Right Mortgage Loans is conditioned upon the aggregate Stated Principal Balance of the WF Group 1 Call Right Mortgage Loans or the WF Group 3 Call Right Mortgage Loans, as applicable, being less than 1% of the aggregate Cut-Off Date Principal Balance of such Mortgage Loans subject to the related purchase option.