Examples of Original Class A Note Principal Balance in a sentence
The Master Servicer may effect an early termination of the Class A Notes pursuant to Section 8.01 of the Sale and Servicing Agreement on or after any Payment Date on which the Class A Note Principal Balance is less than or equal to 10% of the Original Class A Note Principal Balance by purchasing, on the next succeeding Payment Date, all of the outstanding Mortgage Loans and REO Properties at the Termination Price, pursuant to the provisions of Section 8.01(b) of the Sale and Servicing Agreement.
The Servicer may effect an early termination of the Class A Notes pursuant to Section 8.01 of the Sale and Servicing Agreement on or after any Payment Date on which the Class A Note Principal Balance is less than or equal to 10% of the Original Class A Note Principal Balance by purchasing, on the next succeeding Payment Date, all of the outstanding Mortgage Loans and REO Properties at the Termination Price, pursuant to the provisions of Section 8.01(b) of the Sale and Servicing Agreement.
On and subject to the terms and conditions of this Agreement, one or more of the Purchasers shall advance to the Issuer, as the purchase price for the Notes, an amount equal to the Original Class A Note Principal Balance on the Closing Date.
The Servicer may effect an early termination of the Class A Notes pursuant to Section 8.01 of the Sale and Servicing Agreement on or after any Payment Date on which the Class A Note Principal Balance is less than or equal to 10% of the Original Class A Note Principal Balance by purchasing on the next succeeding Payment Date, all of the outstanding Mortgage Loans and REO Properties at the Termination Price, pursuant to the provisions of Section 8.01 of the Sale and Servicing Agreement.
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The Class A Notes shall be subject to optional redemption by the Trust A Certificateholder on any Payment Date after the Class A Note Principal Balance has been reduced to an amount less than or equal to $65,000,000 (10% of the Original Class A Note Principal Balance) and all amounts due and owing to the Note Insurer pursuant to the Insurance Agreement have been paid.
As provided in the Indenture, the Notes may be redeemed pursuant to Section 10.1(b) of the Indenture, in whole, but not in part, at the option of the Sponsor, on any Payment Date on or after the date on which the Class A Note Principal Balance is less than or equal to 10% of the Original Class A Note Principal Balance.
The Servicer may effect an early termination of the Class A Notes pursuant to Section 8.01 of the Sale and Servicing Agreement on or after any Payment Date on which the Class A Note Principal Balance is less than or equal to [___]% of the Original Class A Note Principal Balance by purchasing, on the next succeeding Payment Date, all of the outstanding Mortgage Loans and REO Properties at the Termination Price, pursuant to the provisions of Section 8.01(b) of the Sale and Servicing Agreement.