Common use of Optional Termination Date Clause in Contracts

Optional Termination Date. The Distribution Date following the Due Period at the end of which the Pool Balance is less than 10% of the sum of the Cut-Off Date Pool Balance and the Original Pre-Funded Amount.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Delta Financial Corp), Pooling and Servicing Agreement (Renaissance Mort Acc Corp Renaissance Home Eq Ln Tr 2004 1), Pooling and Servicing Agreement (Renaissance Mort Accept Corp Home Equity Ln as Bk Ce Se 03-3)

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Optional Termination Date. The Distribution Date following the Due Period at the end of which the Pool Balance is less than 10% of the sum of the Cut-Off Date Pool Balance and the Original Pre-Funded AmountBalance.

Appears in 1 contract

Samples: Custodial Agreement (Renaissance Mortgage Acceptance Corp)

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Optional Termination Date. The Distribution Date following the Due Period at the end of which the sum of the Group I Pool Balance and Group II Pool Balance is less than 10% of the sum of the Cut-Off Date Pool Balance and the Original Pre-Funded Amountfor each Loan Group.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2004-4)

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