Optional Termination Notice Period definition

Optional Termination Notice Period. The period during which notice is to be given to the affected Certificateholders of an Optional Termination pursuant to Section 11.03(d).
Sample 1Sample 2Sample 3
Optional Termination Notice Period. As defined in Section 9.02. Originator: With respect to each Mortgage Loan, the entity that sold such Mortgage Loan to the Seller. OTS: The Office of Thrift Supervision.
Sample 1Sample 2
Optional Termination Notice Period. As defined in Section 9.02. OTS: The Office of Thrift Supervision.
Sample 1Sample 2

Examples of Optional Termination Notice Period in a sentence

  • Upon receiving such notice, the Trust Administrator shall immediately request from DLJMC and DLJMC shall deliver no later than seventeen (17) days prior to the first day of the Optional Termination Notice Period a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan in any of the related Loan Groups.

  • Upon receiving such notice, the Trustee shall immediately request from DLJMC and DLJMC shall deliver no later than seventeen (17) days prior to the first day of the Optional Termination Notice Period a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan.

  • If the Terminating Entity elects to terminate the Trust Fund pursuant to Section 9.01, at least 10 days prior to the first day of the Optional Termination Notice Period, the Terminating Entity shall notify any other Servicer, the Rating Agencies, the Swap Counterparty and the Trustee of the date it intends to terminate the Trust Fund and of the applicable repurchase price of the Mortgage Loans and REO Properties.

  • If the Terminating Entity elects to terminate the Trust Fund or the Auction Purchaser purchases the Mortgage Loans pursuant to Section 9.01, at least 10 days prior to the first day of the Optional Termination Notice Period, the Terminating Entity or the Auction Purchaser, as applicable, shall notify any other Servicer, the Rating Agencies, the Swap Counterparty and the Trustee of the date it intends to terminate the Trust Fund and of the applicable repurchase price of the Mortgage Loans and REO Properties.

  • Contact details for the LADO and other external organisations, including the Cambridgeshire Prevent Officer, are listed below.Anyone making such a report, provided that it is done in good faith, will do so with the full support of the school and receive appropriate support.

  • Upon receiving such notice, the Trust Administrator shall immediately request from DLJMC and DLJMC shall deliver no later than seventeen (17) days prior to the first day of the Optional Termination Notice Period a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan.

  • Upon receiving such notice, the Indenture Trustee shall immediately request from the Seller and the Seller shall deliver no later than seventeen (17) days prior to the first day of the Optional Termination Notice Period a letter indicating whether or not the Seller retains the servicing rights to any Loan.

  • This transfer method shall be available for the Client’s use once the Company has been provided the signed Client Registration Form and a copy of the Client’s passport(41).

  • Optional Termination Notice Period: The period during which notice is to be given to the affected Certificateholders of an Optional Termination pursuant to Section 11.03(d).

  • If any Servicer intends to be the Terminating Entity, such party must give written notice to the Indenture Trustee no later than twenty (20) days prior to the first day of the Optional Termination Notice Period.

Related to Optional Termination Notice Period

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • 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.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Notice Period has the meaning set forth in Section 5.09(e).

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Nonrenewal Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating 5 years thereafter.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Event Termination Date See Section 2(e) hereof.

  • Agreement Termination Date is defined in Section 7.4.