Minimum Bid Price definition

Minimum Bid Price shall have the meaning set forth in Section 7.2(j) of this Agreement.

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Minimum Bid Price. An amount equal to the sum of (i) the aggregate unpaid principal balance of the Mortgage Loans plus any accrued and unpaid interest thereon from the date as to which interest was last paid to (but not including) the date of purchase, calculated at the Mortgage Rate thereon, (ii) the fair market value of all other property of the Trust Fund as determined by a third party appraisal (on all property other than cash) which appraisal may be relied upon by the Trustee, (iii) any unpaid Servicing Advances, fees and expenses of the Master Servicer, the Servicers, the Trustee and any Pool PMI Insurer (including indemnities), (iv) the amount of any costs and damages incurred by the Trust Fund as a result of any violation of any predatory or abusive lending law arising from or in connection with the origination of such Mortgage Loan and (v) the Class A-IO Termination Amount.

Minimum Bid Price means the price below which a bid price will not be accepted, whether or not all of the Securities offered in an Auction have been sold.

Examples of Minimum Bid Price in a sentence

• The Trustee (or an agent thereof) shall sell all of the property of the Trust Fund to the highest bidder; provided, that (i) the sale price shall not be less than the Minimum Bid Price and (ii) the Trustee shall have received bids from no fewer than three prospective purchasers.

• If after following the procedures set forth in the immediately preceding paragraph the Trustee is unable to identify a prospective purchaser of the Trust Fund property that is willing to pay the Minimum Bid Price therefor, the Trustee (or an agent thereof) shall repeat the above-specified process at three-month intervals until the property of the Trust Fund has been sold.

• The Storage Service provider is not obliged to publish any economic criteria also in relation to the determination of the Minimum Bid Price but may apply such criteria to all Authorized Storage Customers in a non-discriminatory manner.

• The aggregate number of shares to be registered under the Combined Registration Statement shall be equal to 125% of (A/B)+C, where A is the Maximum Commitment Amount, B is 92% of the Minimum Bid Price and C is the number of Incentive Warrant Shares.

• The bid notice shall specify the Mortgage Loans and the REO Properties that are being sold, and identify the Minimum Bid Price and the other information necessary for the bidders to make bids.

More Definitions of Minimum Bid Price

Minimum Bid Price. The greater of (a) the sum of (1) the total unpaid principal balance of the Mortgage Loans (other than Liquidated Mortgage Loans), (2) interest accrued and unpaid on the Mortgage Loans, (3) any unreimbursed Advances, fees and expenses of the Master Servicer, the Servicers, the Securities Administrator and the Trustee and (4) with respect to any REO Property, the balance of the related Mortgage Loan at the time the related Mortgaged Property became REO Property, and (b) the sum of (1) the aggregate unpaid Certificate Principal Balance of the then-outstanding Certificates, (2) interest accrued and unpaid on the Certificates and (3) any unreimbursed Servicing Advances, fees and expenses of the Master Servicer, the Servicers, the Securities Administrator and the Trustee.

Minimum Bid Price. An amount equal to the greater of (A) the sum of (i) the aggregate unpaid principal balance of the Mortgage Loans plus any accrued and unpaid interest thereon from the date as to which interest was last paid to (but not including) the date of purchase, calculated at the Mortgage Rate thereon, (ii) the fair market value of all other property of the Trust Fund as determined by a third party appraisal (on all property other than cash) which appraisal may be relied upon by the Trustee, (iii) any unpaid Servicing Advances, fees and expenses of the Master Servicer, the Servicers, the Trustee and any Pool PMI Insurer (including indemnities), (iv) the amount of any costs and damages incurred by the Trust Fund as a result of any violation of any predatory or abusive lending law arising from or in connection with the origination of such Mortgage Loan and (v) the Class [A-IO] Termination Amount and (B) the sum of (i) the aggregate Class Principal Balance of the Certificates, (ii) interest accrued and unpaid on the Certificates, (iii) any Unpaid Basis Risk Shortfalls and Deferred Principal Amounts with respect to the Certificates, (iv) any unpaid Servicing Advances, fees and expenses of the Master Servicer, the Servicers, the Trustee and any Pool PMI Insurer (including indemnities), (v) the amount of any costs and damages incurred by the Trust Fund as a result of any violation of any predatory or abusive lending law arising from or in connection with the origination of such Mortgage Loan and (vi) the Class [A-IO] Termination Amount.

Minimum Bid Price means the lower of such price per Token denominated in an Accepted Digital Currency equivalent of (a) the Current Clearing Price or (b) the Starting Bid Price calculated based on the Applicable Exchange Rate.

Minimum Bid Price has the meaning assigned to such term in Section 4(c).

Minimum Bid Price. With respect to any auction of the Mortgage Loans and any REO Properties pursuant to Section 9.04, the sum of (i) the Termination Price that would be payable by the NIM Insurer if the Optional Termination were exercised in the following calendar month pursuant to Section 9.01 and (ii) all reasonable fees and expenses incurred by the Trustee in connection with any auction conducted pursuant to Section 9.04; provided, however, that if in connection with any auction administered hereunder the Directing Certificateholder elects to pay the amount of any difference between such Minimum Bid Price and such lesser amount that is the highest bid submitted by a Qualified Bidder, then the Minimum Bid Price shall mean the highest bid submitted by a Qualified Bidder.

Minimum Bid Price. As defined in Section 10.01 hereof.

Minimum Bid Price. An amount equal to (1) the aggregate Class Certificate Balance of the Certificates, (2) interest accrued and unpaid on the Certificates and (3) any unreimbursed Advances, Servicing Advances, fees and expenses of the Master Servicer and the Trustee (including any expenses related to any auctions).