Clean-Up Call Date definition

Clean-Up Call Date. The second Distribution Date immediately following the Auction Termination Date.

Clean-Up Call Date. The first Distribution Date following the last day of the Remittance Period on which the Pool Balance has declined to 10% or less of the Pool Balance as of the Cut-Off Date.

Clean-Up Call Date. The meaning specified in Section 9.1 hereof.

Examples of Clean-Up Call Date in a sentence

• The Pooling and Servicing Agreement additionally provides that the Owner of the Class X-IO Certificates may, at its option, purchase from the Trust all remaining Home Equity Loans and other property then constituting the Trust Estate, and thereby effect early retirement of the Certificates, on any Distribution Date on or after the Clean-Up Call Date.

• If the Owner of the Class X-IO Certificates does not exercise this optional purchase on the Clean-Up Call Date, then (i) on the next Distribution Date, the Trustee will begin an auction process to sell the Home Equity Loans and (ii) on the third Distribution Date following such date and on each Distribution Date thereafter, the amounts that otherwise would have been payable to the Class X-IO Certificates will be paid to the Offered Certificates as an additional principal distribution amount.

• The Pooling and Servicing Agreement additionally provides that the Servicer may, at its option, purchase from the Trust all remaining Home Equity Loans and other property then constituting the Trust Estate, and thereby effect early retirement of the Certificates, on any Distribution Date on or after the Clean-Up Call Date.

• The Pooling and Servicing Agreement also provides that the Servicer will have the right to purchase all the Mortgage Loans (a "Clean-Up Call") on any Determination Date after the month in which the aggregate Loan Balances of the Mortgage Loans in the Trust Fund has declined to less than 10% of the Original Aggregate Loan Balance of the Mortgage Loans as of the Closing Date (the "Clean-Up Call Date").

• The Pooling and Servicing Agreement additionally provides that the Servicer may, at its option, purchase from the Trust all remaining Home Equity Loans and other property then constituting the Trust Estate, and thereby effect early retirement of the Certificates, on any Monthly Remittance Date after the Clean-Up Call Date.

More Definitions of Clean-Up Call Date

Clean-Up Call Date. The first Monthly Remittance Date on which the aggregate outstanding principal balances of the Home Equity Loans as of the close of business on the last day of the immediately preceding Remittance Period has declined to 10% or less of the Maximum Collateral Amount.

Clean-Up Call Date. The first Monthly Remittance Date on which the aggregate Loan Balances of the Home Equity Loans has declined to $40,000,000 or less.

Clean-Up Call Date. As defined in Section 8.01(b).

Clean-Up Call Date means the first Distribution Date upon which the Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period is less than or equal to 20% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans.

Clean-Up Call Date. Any Payment Date when the aggregate Class Note Balance of the Notes is equal to or less than 10% of the Original Note Principal Balance, in each case after giving effect to distributions on that Payment Date.

Clean-Up Call Date. The first Distribution Date on which the Pool Balance is less than 5% of the sum of the Original Pool Balance and the Prefunding Account Deposit. Closing Date: March 29, 2001. Closing Date Deposit: $0.

Clean-Up Call Date. As defined in the Sale and Servicing Agreement.