Transfer Restriction Period definition
Transfer Restriction Period. The period from the Closing Date to the earlier of: (a) the latest of (i) the date on which the aggregate unpaid principal balance of all outstanding Mortgage Loans has been reduced to 33.0% of the aggregate Cut-off Date Balance of the Mortgage Loans; (ii) the date on which the aggregate outstanding principal balance of the Principal Balance Certificates has been reduced to 33.0% of the aggregate outstanding principal balance of the Principal Balance Certificates as of the Closing Date; and (iii) two years after the Closing Date; (b) the date on which all of the Mortgage Loans have been defeased in accordance with §43.7(b)(8)(i) of the Risk Retention Rules; and (c) the date on which the Risk Retention Rules have been effectively abolished or officially determined by the OCC, the Board of Governors of the Federal Reserve System, the FDIC, the Federal Housing Finance Agency, the Commission and the Department of Housing and Urban Development to be no longer applicable to the Trust.
Transfer Restriction Period. The period from the Closing Date to the earliest of (a) the latest of (i) the date on which the aggregate unpaid principal balance of all outstanding Mortgage Loans has been reduced to 33.0% of the aggregate Cut-off Date Balance; (ii) the date on which the aggregate outstanding Certificate Balance of the Principal Balance Certificates has been reduced to 33.0% of the aggregate outstanding Certificate Balance of the Principal Balance Certificates as of the Closing Date; and (iii) two years after the Closing Date; (b) with respect to the HRR Certificates only, the date on which all of the Mortgage Loans have been defeased in accordance with §244.7(b)(8)(i) of the Risk Retention Rules and (c) the date that the Risk Retention Rules applicable to a holder of the HRR Certificates or the Class VRR Certificates is withdrawn, repealed, amended or modified as it relates to the restrictions on hedging and transfer as to this securitization or the HRR Certificates or the Class VRR Certificates.
Transfer Restriction Period. The period from the Closing Date to the earlier of (a) the latest of (i) the date on which the aggregate unpaid principal balance of all outstanding Mortgage Loans has been reduced to 33.0% of the aggregate Cut-off Date Balance; (ii) the date on which the aggregate outstanding Certificate Balance of the Principal Balance Certificates has been reduced to 33.0% of the aggregate outstanding Certificate Balance of the Principal Balance Certificates as of the Closing Date; and (iii) two (2) years after the Closing Date; (b) with respect to the HRR Certificates only to the extent that such Certificates have been transferred to a Subsequent Third-Party Purchaser, the date on which all of the Mortgage Loans have been defeased in accordance with §244.7(b)(8)(i) of the Risk Retention Rules; and (c) the date that the Risk Retention Rules applicable to a holder of the HRR Certificates is withdrawn, repealed, amended or modified as it relates to the restrictions on hedging and transfer as to this securitization or the HRR Certificates.
Examples of Transfer Restriction Period in a sentence
For the avoidance of doubt, in no event shall an RR Interest be held as a Book-Entry Certificate during the RR Interest Transfer Restriction Period.
Upon the completion of any transfer during the RR Interest Transfer Restriction Period, the Certificate Administrator shall issue a receipt to such transferor and transferee.
For the avoidance of doubt, in no event shall a Risk Retention Certificate be held as a Book-Entry Certificate during the Transfer Restriction Period.
For the sake of clarity, after the Transfer Restriction Period the Risk Retention Certificates may be transferred at the direction of the Holder thereof in the same manner prescribed herein for other Certificates, subject to Section 5.03(j).
Additionally, the Class R Certificates shall only be in the form of Definitive Certificates, the Risk Retention Certificates shall be issued in the form of Definitive Certificates at all times during the Transfer Restriction Period and the RR Interest shall be issued in the form of Definitive Certificates at all times during the RR Interest Transfer Restriction Period.
More Definitions of Transfer Restriction Period
Transfer Restriction Period means, (i) with respect to each Investor other than Nortel Networks Inc., the period of time commencing on the date of this Agreement and ending upon the first anniversary of the date of this Agreement, and (ii) with respect to Nortel Networks Inc., the period of time commencing on the date of this Agreement and ending on February 28, 2003.
Transfer Restriction Period shall have the meaning set forth in SECTION 17.18.
Transfer Restriction Period means, with respect to the Sub-advisor, the Offering Period plus 12 months, and with respect to the Advisor, the Offering Period plus six months.
Transfer Restriction Period. The period from the Closing Date to the earliest of (i) the date that is the latest of: (A) the date on which the total unpaid principal balance of the Mortgage Loan has been reduced to 33% of the total unpaid principal balance of the Mortgage Loan as of the Cut-off Date; (B) the date on which the total outstanding Certificate Balance of the Certificates has been reduced to 33% of the total outstanding Certificate Balance of the Certificates as of the Closing Date; or (C) two years after the Closing Date, (ii) the date on which the Mortgage Loan has been defeased in accordance with the risk retention requirements set forth in §244.7(b)(8)(i) of the Credit Risk Retention Rules, or (iii) the date on which the Credit Risk Retention Rules have been (x) officially abolished or (y) subject to consent of the Retaining Sponsor (such consent may only be withheld to the extent the Retaining Sponsor (i) reasonably determines that the Rule applies to the Securitization or the Required Third Party Purchaser Retention Amount, (ii) provides to the Third Party Purchaser the Retaining Sponsor’s basis for the withheld consent, and (iii) gives the Third Party Purchaser a reasonable opportunity to address the Retaining Sponsor’s concerns), officially determined by the relevant regulatory agencies to be no longer applicable to the transaction or the Class HRR Certificates; provided that the termination of the Transfer Restriction Period shall not be effective without the written consent of the Retaining Sponsor.
Transfer Restriction Period means the period of time during which a Stock Award will remain subject to the transfer restrictions set forth in Section 4.05 of the Plan.
Transfer Restriction Period means the period commencing on the date which is thirty (30) days prior to any Securitization and ending on the date which is thirty (30) days following such Securitization.
Transfer Restriction Period. The period from the Closing Date to the earliest of (A) the latest of (i) the date on which the aggregate unpaid principal balance of all outstanding Mortgage Loans has been reduced to 33.0% of the aggregate Cut-off Date Balance of the Mortgage Loans; (ii) the date on which the aggregate outstanding principal balance of the Principal Balance Certificates has been reduced to 33.0% of the aggregate outstanding principal balance of the Principal Balance Certificates as of the Cut-off Date; and (iii) two years after the Closing Date; and (B) the date on which the applicable portion of the Risk Retention Requirements has been effectively abolished or officially determined by the OCC, the Board of Governors of the Federal Reserve System, the FDIC, the Federal Housing Finance Agency, the Commission and the Department of Housing and Urban Development to be no longer applicable to the Trust.