Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.
New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.
Exercise Date means the last day of each Offering Period.
Option Exercise Date has the meaning specified in Section 2.1.
Automatic Exercise Date means, with respect to an Option or a Stock Appreciation Right, the last business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g., the last business day prior to the tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable).
Initial Exercise Price shall have the meaning set forth in Section 2.4.1.
Initial Warrant Exercise Date means __________, 1997.
Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.
Option Exercise Period has the meaning set forth in Section 6.4.
Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:
Nonrenewal Notice Date has the meaning specified in Section 2.03(b)(iii).
Expiration Date shall have the meaning set forth in Section 7(a) hereof.
Renewal Notice As defined in Section 1.4(a).
Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.
Post-Termination Exercise Period means the period following termination of a Participant’s Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(h).
Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.
Renewal Option has the meaning set forth in §12.1.
Initial Term has the meaning set forth in Section 7.1.
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 Expiration Date is defined in Section 1.1(c) of the Agreement.
Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.
Date of Exercise means the date on which the Company shall have received (i) this Warrant (or any New Warrant, as applicable), with the Form of Election to Purchase attached hereto (or attached to such New Warrant) appropriately completed and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares so indicated by the holder hereof to be purchased.
Purchase Option Period As defined in Section 9.03(a) hereof.
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.
Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.
Renewal Term has the meaning set out in Section 9.1.