First Anniversary means the first anniversary of the Closing Date.
Second Anniversary means the second yearly anniversary after the Effective Date.
CONTRACT ANNIVERSARY The anniversary of the Contract Date.
Anniversary Each anniversary of the Cut-off Date.
Relevant Anniversary See "Bankruptcy Loss Amount."
Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;
Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.
Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.
Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.
Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.
Anniversary Date means each anniversary of the Closing Date.
Grant Date means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution.
Call Option Date As defined in Section 10.01(a) hereof.
Base Date means a date 30 day prior to the submission of tenders.
Option Expiration Date means the last day of the maximum term of an Option.
Month means calendar month.
Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.
FIFTH The Corporation is to have perpetual existence.
Liquidity Event means a Change of Control or an IPO.
TENTH The Board of Directors, by resolution passed by a majority of the whole Board, may designate any of their number to constitute an Executive Committee, which Committee, to the extent provided in said resolution, or in the By-Laws of the Company, shall have and may exercise all of the powers of the Board of Directors in the management of the business and affairs of the Corporation, and shall have power to authorize the seal of the Corporation to be affixed to all papers which may require it.
Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.
Expiration Date shall have the meaning set forth in Section 7(a) hereof.
Date of Grant means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.
Vesting Date has the meaning set forth in Section 3.10(c)(ii).
Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.