Examples of Majority Class CE Certificateholders in a sentence
If the Majority Class CE Certificateholders (or, if the Majority Class CE Certificateholder is the Seller or an affiliate of the Seller, the Master Servicer) is subject to regulation by the OCC, the FDIC, the Federal Reserve or the Office of Thrift Supervision, however, the option may not be exercised unless the aggregate fair market value of the Mortgage Loans and REO Properties is greater than or equal to the Termination Price.
Upon receipt of such notice, the Majority Class CE Certificateholders may exercise their option to terminate the Trust Fund on or before the Distribution Date selected by the Servicer in accordance with the procedures set forth in this Section 10.01.
If the NIMS Insurer or the Majority Class CE Certificateholders (or, if the Majority Class CE Certificateholder is the Seller or an affiliate of the Seller, the Servicer) is subject to regulation by the OCC, the FDIC, the Federal Reserve or the Office of Thrift Supervision, however, the option may not be exercised unless the aggregate fair market value of the Mortgage Loans and REO Properties is greater than or equal to the Termination Price.
If such option is not exercised by the Majority Class CE Certificateholders on the first applicable Distribution Date, the Servicer may exercise such option, but only upon providing at least sixty days prior written notice to the Majority Class CE Certificateholders and the Seller of the Servicer's intention to terminate the Trust Fund and the applicable Distribution Date for such termination.
The NIMS Insurer, if there is a NIMS Insurer, or if there is no NIMS Insurer or if the NIMS Insurer fails to purchase on the first date possible, the Majority Class CE Certificateholders and each Servicer (any such party, the "Purchasing Party") may, at such party's option, purchase a Mortgage Loan or REO Property which becomes 120 or more days Delinquent or for which the related Servicer has accepted a deed in lieu of foreclosure.
If such option is not exercised by the Majority Class CE Certificateholders on the first applicable Distribution Date, the Servicer (or, if the Servicer fails to exercise such right, the NIMS Insurer) may exercise such option, but only upon providing at least sixty days prior written notice to the Majority Class CE Certificateholders and the Seller of the Servicer's (or the NIM Insurer's) intention to terminate the Trust Fund and the applicable Distribution Date for such termination.
Upon receipt of such notice, the Majority Class CE Certificateholders may exercise their option to terminate the Trust Fund on or before the Distribution Date selected by the Master Servicer in accordance with the procedures set forth in this Section 10.01.
If the NIMS Insurer or the Majority Class CE Certificateholders or, if the Majority Class CE Certificateholder is the Seller or an affiliate of the Seller, the Servicer, is subject to regulation by the OCC, the FDIC, the Federal Reserve or the Office of Thrift Supervision, however, the option may not be exercised unless the aggregate fair market value of the Mortgage Loans and REO Properties is greater than or equal to the Termination Price.
If such option is not exercised by the Majority Class CE Certificateholders on the first applicable Distribution Date, the Master Servicer may exercise such option, but only upon providing at least sixty days prior written notice to the Majority Class CE Certificateholders and the Seller of the Master Servicer's intention to terminate the Trust Fund and the applicable Distribution Date for such termination.
If such option is not exercised by the Majority Class CE Certificateholders on the first applicable Distribution Date, the Servicer may exercise such option, but only upon providing at least 60 days prior written notice to the Majority Class CE Certificateholders of the Servicer's intention to terminate the Trust Fund and the applicable Distribution Date for such termination.