Examples of Optional Termination Amount in a sentence
Any Optional Termination Amount to be paid by the NIMs Insurer may be paid by the NIMs Insurer to the Trustee for deposit into the Certificate Account.
Upon any termination as a result of an Auction, the Trustee shall, out of the Optional Termination Amount deposited into the Certificate Account, (x) reimburse the Trustee for its costs and expenses necessary to conduct the Auction and any other unreimbursed amounts owing to it and (y) pay to the Servicer, the aggregate amount of any unreimbursed out-of-pocket costs and expenses owed to the Servicer and any unpaid or unreimbursed Servicing Fees, Advances and Servicing Advances.
Notwithstanding anything to the contrary herein, the Optional Termination Amount paid by Countrywide shall be deposited by the Securities Administrator directly into the Certificate Account immediately upon Optional Termination.
Notwithstanding anything to the contrary herein, the Optional Termination Amount paid to the Trustee by the winning bidder at the Auction or by the NIMs Insurer, if any, or by the Servicer, as applicable, shall be deposited by the Trustee directly into the Certificate Account immediately upon receipt.
Notwithstanding anything to the contrary herein, the Optional Termination Amount paid to the Securities Administrator by the Master Servicer shall be deposited by the Securities Administrator directly into the Distribution Account immediately upon receipt.