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

  • This Deed shall take effect as a Deed Poll for the benefit of the Portfolio Option Holder.

  • RENEWABLE PORTFOLIO OPTIONS The Customer will be charged for the Renewable Portfolio Option in addition to all other charges under this schedule for the term of enrollment in the Renewable Portfolio Option.

  • We hereby notify you of our intention to exercise the Portfolio Option.

  • 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 Xxxxx University course work) • Attendance at the Portfolio Seminar • Documentation of five years of professional work experience and/or community activities.

  • Comprehensive Examination (M.A. in Rhetoric and Composition Portfolio Option Only) The comprehensive examination is a three-day take-home exam administered by the members of the student’s Master’s Committee.

  • Available at: https://digitalcommons.law.buffalo.edu/belj/vol6/iss1/1 This Article is brought to you for free and open access by the Law Journals at Digital Commons @ University at Buffalo School of Law.

  • As part of the 2018-2019 work plan, the POC discussed the interactions between the RPS and the Portfolio Option programs but reached no actionable conclusions.

  • The Account Manager will have unlimited investment discretion with respect to any changes to investments in your Program Account, within the parameters of the selected Portfolio Option.

  • The Directors are confident that the Company will continue to meet its liabilities as they fall due, however a portfolio purchase call option becomes available to the Portfolio Option Holder in February 2024 (the first optional redemption date) (“FORD”).

  • I understand that the Portfolio Option investments listed by AET are presented for informational purposes only, not as a recommendation or an endorsement.

Related to Portfolio Option

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Top-Up Option has the meaning set forth in Section 1.4(a).

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Optioned Stock means the Common Stock subject to an Option.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Director Option means an Option granted pursuant to Section 6.

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • SAR means a stock appreciation right granted under the Plan.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(f);

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.