Examples of Optional Termination Price in a sentence
Any termination pursuant to clause (a) above shall be effected by SLS purchasing all Mortgage Loans and REO Properties at a price equal to the Optional Termination Price.
Notwithstanding anything to the contrary herein, the Optional Termination Price paid by SLS shall be deposited by the Securities Administrator directly into the Certificate Account immediately upon Optional Termination.
The Class R Certificateholder hereby assigns to the Class C Certificateholders that portion of any amount received by the Class R Certificate upon an Optional Termination of the trust created hereunder that is attributable to clause (i)(C) of the definition of Optional Termination Price and required to cover what would otherwise be a shortfall in the amounts described in clause (i)(C) of the definition of Optional Termination Price.
Any termination pursuant to clause (a) above shall be effected by the Servicer purchasing all Mortgage Loans and REO Properties at a price equal to the amount described in clause (i) of the definition of Optional Termination Price.
If the Auction fails to achieve the Optional Termination Price and the NIMs Insurer, if any, fails to exercise its option to purchase all of the Mortgage Loans and REO Properties, the Servicer may purchase all of the Mortgage Loans and REO Properties at the Optional Termination Price, which similarly would result in an early retirement of the Certificates and the termination of the Trust Fund.