Deleted Term Asset definition
Deleted Term Asset. A Term Asset replaced or to be replaced by a Qualified Substitute Term Asset.
Examples of Deleted Term Asset in a sentence
The foregoing notwithstanding, if and to the extent the Series Supplement provides, the Depositor may, as an alternative to repurchasing any such Term Asset as provided above, cause such Term Asset to be removed from the Trust (in which case it shall become a Deleted Term Asset) by agreeing to substitute, within the time period set forth above, one or more Qualified Substitute Term Assets in the manner and subject to the limitations set forth in Section 2.3(b) and the related Series Supplement.