Optional Termination Amount definition

Optional Termination Amount. The repurchase price received by the Trustee in connection with any repurchase of all of the Mortgage Loans pursuant to Section 9.01.

Optional Termination Amount. The amount received by the Securities Administrator in connection with any purchase of all of the Mortgage Loans and REO Properties pursuant to Section 10.01(b) hereof.

Optional Termination Amount. The amount received by the Trustee in connection with any purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01(b) hereof.

Examples of Optional Termination Amount in a sentence

• 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 to the Trustee by the winning bidder at the Auction or by the Servicer 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 Trustee by the winning bidder at the Auction or by the NIMs Insurer or the Servicer 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 winning bidder at the Auction or by the Master Servicer shall be deposited by the Securities Administrator directly into the Distribution Account immediately upon receipt.

• 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.

More Definitions of Optional Termination Amount

Optional Termination Amount. The repurchase price received by the Securities Administrator in connection with any repurchase of all of the Mortgage Loans pursuant to Section 9.01.

Optional Termination Amount has the meaning given to it in Section 16.6(b);

Optional Termination Amount means, in connection with the execution of a Partial Unwind Agreement, the principal amount of Underlying Securities corresponding to the principal amount of an Affiliated Owner's Certificates to be redeemed pursuant to such Partial Unwind Agreement.

Optional Termination Amount in Section 3.5 of the Agreement is hereby deleted and replaced with the following:

Optional Termination Amount means with respect to each Swap Counterparty 50% of the sum of (a) $165 million, and (b) three (3) basis points of breakage costs based upon the present value of amounts due under the Swap Agreements (using a discount curve calculated from swap rates published on Reuters Screen Page “ISDAFIX3” at 11:30 a.m. New York Time on the Optional Termination Date), which costs shall not exceed the lesser of (i) one-third of the aggregate of the Fixed Amounts (as defined in the Collateral Agreement) payable by the Service Corporations under the Swap Agreements during the Quarterly Period (as defined in the Collateral Agreement) for the Month

Optional Termination Amount. The repurchase price received by the Trustee in connection with any repurchase of all of the Mortgage Loans pursuant to Section 9.01. Optional Termination Price: On any date after the Initial Optional Termination Date an amount equal to the sum of (i) the then aggregate outstanding Stated Principal Balance of the Mortgage Loans (or, if such Mortgage Loan is an REO Property, the fair market value of such REO Property) plus accrued interest thereon at the applicable Mortgage Rate through the Due Date in the month in which the proceeds of the auction will be distributed on the Certificates; (ii) any unreimbursed indemnity amounts, fees or out-of-pocket costs and expenses owed to the Trustee or the Servicer and all unreimbursed Advances and Servicing Advances, in each case incurred by such party in the performance of its obligations; (iii) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law; (iv) all reasonable fees and expenses incurred by the Trustee in connection with such auction and (v) unless the Class A Certificate Insurer consents to such termination, an amount sufficient to prevent any additional draws under the Class A Certificate Guaranty Insurance Policy and equal to all amounts owed to the Class A Certificate Insurer. Originator: FFFC or any successor thereto. OTS: The Office of Thrift Supervision.

Optional Termination Amount. The amount received by the Certificate Administrator in connection with any purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01(b). 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.