Portfolio Option definition

Portfolio Option means the option granted to the Portfolio Option Holder pursuant to the Deed Poll to require the Issuer to (x) sell beneficial interest in the Mortgages in the Mortgage Portfolio, and (y) sell legal title or, if, at the time the option is exercised, the Issuer does not hold legal title to the Mortgages in the Mortgage Portfolio, procure that the Legal Title Holders sell legal title in the Mortgages in the Mortgage Portfolio, to the Portfolio Option Holder or a Third Party Purchaser, or (in case of legal title) a nominee of either of them.
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Portfolio Option means the option granted to the Portfolio Option Holder pursuant to the Deed Poll to require the Issuer to (x) sell beneficial interest in the Loans in the Portfolio, and (y) sell legal title or, if, at the time the option is exercised, the Issuer does not hold legal title to the Loans in the Portfolio, procure that the Sellers sell legal title in the Loans in the Portfolio, to the Portfolio Option Holder or a Third party Purchaser, or (in case of legal title) a nominee of either of them. "Portfolio Auction Conditions" means the following conditions: (a) the Liquidation Agent (or the Portfolio Manager or its behalf) shall seek and receive at least three bids from potential purchasers of the Portfolio; (b) the purchase price for the Loans and the Related Security sold pursuant to the portfolio auction process shall be at least an amount equal to the Market Sale Minimum Price; (c) either (i) the purchaser of the legal title to the Loans has all the Relevant Authorisations; or (ii) the purchaser of the beneficial interest in the Loans has identified a servicer who has the Relevant Authorisations to administer the Loans; and (d) any potential purchaser of the Loans and their Related Security shall not be permitted to transfer the beneficial interest in any of the Loans to a further purchaser until the transfer of the legal title to the Loans in favour of the purchaser of legal title to the Loans is perfected unless such transfer of beneficial interest is made to an entity which is within the charge to UK corporation tax. "Portfolio Option Commencement Date" means a date falling 60 days prior to the Step-Up Date. "Portfolio Option Holder" means: (a) where there is a sole Principal Residual Certificateholder, the Principal Residual Certificateholder; or(b) where there is not a sole Principal Residual Certificateholder, any entity that represents all of the Principal Residual Certificateholders. "Portfolio Option Suspension Period" means a period beginning on a Market Sale Commencement Date and ending on a date falling two calendar months after the date on which a Market Portfolio Sale is deemed to be an Unsuccessful Market Portfolio Sale. "Portfolio Purchase" means a purchase of the Loans and their Related Security by either the Portfolio Option Holder or the Third Party Purchaser pursuant to the exercise of the Portfolio Option. "Target Portfolio Purchase Completion Date" means the date identified as the date on which the Portfolio Purchase is expected to be co...
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Examples of Portfolio Option in a sentence

  • Portfolio Option Criteria for the Bachelor of Liberal Studies: Students must meet all of the following criteria at the time of portfolio submission: • Full acceptance and active student status • Completion of the English written communication proficiency requirement • Good academic standing (cumulative grade point average of 2.0 in all ▇▇▇▇▇ University course work) • Attendance at the Portfolio Seminar • Documentation of five years of professional work experience and/or community activities.

  • Unit members that have at least four years of experience and whose last three evaluations have been satisfactory may choose with the consent of the Evaluator the option of doing a Partner Option, a Portfolio Option or being evaluated by an Administrator using Form A – Traditional.

  • Employees participating in the Portfolio Option (an alternative evaluation model involving a collection of work samples focusing upon a particular area of concentration) shall be permanent employees, with five years of service in the District, whose performance on the Summary Evaluation “Meets Standards” for each of the immediate preceding five years.

  • Portfolio Option Criteria for the Bachelor of Liberal Studies: Students must meet all of the following criteria at the time of portfolio submission:  Full acceptance and active student status  Completion of the English written communication proficiency requirement  Good academic standing (cumulative grade point average of 2.0 in all ▇▇▇▇▇ University course work)  Attendance at the Portfolio Seminar  Documentation of five years of professional work experience and/or community activities.

  • Commencing 2014-2015 and continuing through 2015-2016, the Partner Option and the Portfolio Option will be available to eligible unit members.

  • Unit members that have at least four years of experience and whose last three evaluations, (Traditional, Partner Option, or Portfolio Option) have been satisfactory may choose with the consent of the Evaluator the option of doing a Partner Option, a Portfolio Option or being evaluated by an Administrator using Form A – Traditional.

  • Portfolio Option Criteria for the Bachelor of Public Administration: Students must meet all of the following criteria at the time of portfolio submission:  Full acceptance and active student status  Completion of the English written communication proficiency requirement  Good academic standing (cumulative grade point average of 2.0 in all ▇▇▇▇▇ University course work)  Attendance at the Portfolio Seminar  Documentation of five years of professional work experience and/or community activities.