Group II Optional Termination definition

Group II Optional Termination. The termination of the portion of the Trust Fund related to Loan Group II created hereunder as a result of the purchase of all of the Group II Mortgage Loans and any related REO Property pursuant to Section 10.01 hereof.
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Examples of Group II Optional Termination in a sentence

  • The right to repurchase all Mortgage Loans in Loan Group II and related REO Properties pursuant to the preceding paragraph shall be exercisable on or after the Group II Optional Termination Date.

  • The Master Servicer shall remit the related Mortgage Loan Purchase Price to the Securities Administrator on the Business Day prior to the Distribution Date for such Group I Optional Termination by the Majority Class I-C Certificateholder or Group II Optional Termination by EMC or its designee, as applicable.

  • The Master Servicer shall remit the related Mortgage Loan Purchase Price to the Securities Administrator on the Business Day prior to the Distribution Date for such Group I Optional Termination or Group II Optional Termination by the Majority Class I-C Certificateholder or Majority Class I-C Certificateholder, as applicable.

  • The right of the Master Servicer or the Depositor to purchase all the assets remaining in the REMIC relating to the Group I Loans or Group II Loans, as applicable, pursuant to clause (ii) above is conditioned upon the occurrence of the Loan Group I Optional Termination Date or Loan Group II Optional Termination Date, as applicable.

  • Group II Optional Termination: At its option, on any date when the aggregate principal balance of the Group II Loans is equal to or less than 10% of the original principal balance of the Group II Loans (the first such date, the "Group II Optional Termination Date"), the Master Servicer or the Company will have the right to purchase all the remaining Group II Loans and thereby effect early retirement of the Group II Certificates.

  • The margin on the Class A-II Certificates will increase to two times the initial Class A-II margin after the Group II Optional Termination Date subject to Group II Net WAC Cap.

  • Group I Optional Termination Date or Group II Optional Termination Date, as applicable.

  • The Master Servicer shall remit the related Mortgage Loan Purchase Price to the Securities Administrator on the Business Day prior to the Distribution Date for such Group I Optional Termination by the Majority Class I-C Certificateholder or Group II Optional Termination by the Majority Class II-C Certificateholder, as applicable.

Related to Group II Optional Termination

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Loan Termination Date means the earliest to occur of the following: (i) as to the REVOLVING NOTES, November 1, 2012, as to the TERM NOTES, October 31, 2016, (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date ADMINISTRATIVE AGENT has received (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Scheduled Commitment Termination Date means, unless otherwise extended pursuant to and in accordance with Section 2.14, the Payment Date occurring in May 2024.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Stated Termination Date means December 31, 2000.

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Agreement Termination Date is defined in Section 7.4.