Optional Call Date definition

Optional Call Date. Any Payment Date on which the Pool Balance is less than 10% of the initial Pool Balance.

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Optional Call Date means each April 1, July 1, October 1 and January 1 from and including April 1, 1997 to and including October 1, 1998.

Optional Call Date. The first Distribution Date on which the aggregate of the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the immediately preceding Due Period is equal to or less than 10% of the Cut-Off Date Aggregate Principal Balance.

Examples of Optional Call Date in a sentence

Such payment shall be made on any date (the "Optional Call Payment Date") established by the Company, which in no event shall be more than 30 days after the Optional Call Date, to holders of record at the close of business on the tenth business day following such Optional Call Date.
For any Term Rate Period of more than 5 years but not more than 10 years, the First Optional Call Date shall be the fifth anniversary of the beginning of the Term Rate Period.
For any Term Rate Period of more than 10 years but not more than 20 years, the First Optional Call Date shall be the anniversary of the beginning of the Term Rate Period that is on or immediately after the midpoint of such Term Rate Period.
For any Term Rate Period of more than 20 years, the First Optional Call Date shall be the tenth anniversary of the beginning of the Term Rate Period.
In the event the Company exercises its optional right to call the Securities on an Optional Call Date, the Company shall issue a press release on such date announcing such event, the Optional Call Payment Amount and the Optional Call Payment Date.

More Definitions of Optional Call Date

Optional Call Date. Any Payment Date on which the Note Balance is less than 10% of the Initial Aggregate Note Balance prior to giving effect to any payments of principal on such Payment Date.

Optional Call Date means 24 January 2018.

Optional Call Date means March 3, 2031.

Optional Call Date means the First Optional Call Date and each Interest Payment Date thereafter.

Optional Call Date. Any Interest Period commencing after the first Payment Date on which the Pool Balance is less than 10% of the initial Pool Balance.

Optional Call Date means December 31, 1995 and each December 31st thereafter until December 31, 2003.

Optional Call Date means any date designated as such by the Issuer pursuant to Condition 8(d)(i) (Redemption at the Option of the Issuer).