Common use of Pre-Maturity Test Clause in Contracts

Pre-Maturity Test. (1) For so long as the Hard Bullet Covered Bonds remain outstanding, the Partnership and the Partners (other than the Liquidation GP) shall use all commercially reasonable efforts to ensure that on each Pre-Maturity Test Date the Partnership is in compliance with the Pre-Maturity Test as set out in Schedule 4. (2) If it is determined that the Partnership does not meet the Pre-Maturity Test as of any Pre-Maturity Test Date, the Managing GP (or the Cash Manager on its behalf) shall immediately notify in writing the Partnership, the Partners and the Bond Trustee. (3) If the Pre-Maturity Test is breached, and unless the Pre-Maturity Liquidity Ledger is otherwise funded from other sources pursuant to Section 7.2(1)(a) through (c), the Partnership shall sell Randomly Selected Loans if required pursuant to Section 7.2.

Pre-Maturity Test. (1) For so long as the Hard Bullet Covered Bonds remain outstanding, the Partnership and the Partners (other than the Liquidation GP) shall use all commercially reasonable efforts to ensure that on each Pre-Maturity Test Date the Partnership is in compliance with the Pre-Maturity Test as set out in Schedule 4. (2) If it is determined that the Partnership does not meet the Pre-Maturity Test as of any Pre-Pre- Maturity Test Date, the Managing GP (or the Cash Manager on its behalf) shall immediately notify in writing the Partnership, the Partners and the Bond Trustee. (3) If the Pre-Maturity Test is breached, and unless the Pre-Maturity Liquidity Ledger is otherwise funded from other sources pursuant to Section 7.2(1)(a) through (cor Section 7.2(1)(b), the Partnership shall sell Randomly Selected Loans Portfolio Assets if required pursuant to Section 7.2.

Pre-Maturity Test. ‌ (1) For so long as the Hard Bullet Covered Bonds remain outstanding, the Partnership and the Partners (other than the Liquidation GP) shall use all commercially reasonable efforts to ensure that on each Pre-Maturity Test Date the Partnership is in compliance with the Pre-Maturity Test as set out in Schedule 4. (2) If it is determined that the Partnership does not meet the Pre-Maturity Test as of any Pre-Maturity Test Date, the Managing GP (or the Cash Manager on its behalf) shall immediately notify in writing the Partnership, the Partners and Partners, the Bond TrusteeTrustee and CMHC. (3) If the Pre-Maturity Test is breached, and unless the Pre-Maturity Liquidity Ledger is otherwise funded from other sources pursuant to clauses (a) or (b) of Section 7.2(1)(a) through (c7.2(1), the Partnership shall offer to sell Randomly Selected Loans if required pursuant to Section 7.2.

Pre-Maturity Test. ‌ (1) For so long as the Hard Bullet Covered Bonds remain outstanding, the Partnership and the Partners (other than the Liquidation GP) shall use all commercially reasonable efforts to ensure that on each Pre-Maturity Test Date the Partnership is in compliance with the Pre-Maturity Test as set out in Schedule 4. (2) If it is determined that the Partnership does not meet the Pre-Maturity Test as of any Pre-Pre- Maturity Test Date, the Managing GP (or the Cash Manager on its behalf) shall immediately notify in writing the Partnership, the Partners and the Bond Trustee. (3) If the Pre-Maturity Test is breached, and unless the Pre-Maturity Liquidity Ledger is otherwise funded from other sources pursuant to Section 7.2(1)(a) through (cor Section 7.2(1)(b), the Partnership shall sell Randomly Selected Loans Portfolio Assets if required pursuant to Section 7.2.

Pre-Maturity Test. (1) For so long as the any Hard Bullet Covered Bonds remain outstanding, the Partnership and the Partners (other than the Liquidation GP) shall use all commercially reasonable efforts to ensure that on each Pre-Maturity Test Date the Partnership is in compliance with the Pre-Maturity Test as set out in Schedule 4. (2) If it is determined that the Partnership does not meet the Pre-Maturity Test as of any Pre-Pre- Maturity Test Date, the Managing GP (or the Cash Manager on its behalf) shall immediately notify in writing the Partnership, the Partners and the Bond Trustee. (3) If the Pre-Maturity Test is breached, and unless the Pre-Maturity Liquidity Ledger is otherwise funded from other sources pursuant to Section 7.2(1)(a) through (c), the Partnership shall sell Randomly Selected Loans if required pursuant to Section 7.2.

Pre-Maturity Test. (1) For so long as the any Hard Bullet Covered Bonds remain outstanding, the Partnership and the Partners (other than the Liquidation GP) shall use all commercially reasonable efforts to ensure that on each Pre-Maturity Test Date the Partnership is in compliance with the Pre-Maturity Test as set out in Schedule 4. (2) If it is determined that the Partnership does not meet the Pre-Maturity Test as of any Pre-Maturity Test Date, the Managing GP (or the Cash Manager on its behalf) shall immediately notify in writing the Partnership, the Partners and the Bond Trustee. (3) If the Pre-Maturity Test is breached, and unless the Pre-Maturity Liquidity Ledger is otherwise funded from other sources pursuant to Section 7.2(1)(a) through (c), the Partnership shall sell Randomly Selected Loans if required pursuant to Section 7.2.

Pre-Maturity Test. (1) For so long as the Hard Bullet Covered Bonds remain outstanding, the Partnership and the Partners (other than the Liquidation GP) shall use all commercially reasonable efforts to ensure that on each Pre-Maturity Test Date the Partnership is in compliance with the Pre-Pre- Maturity Test as set out in Schedule 4. (2) If it is determined that the Partnership does not meet the Pre-Maturity Test as of any Pre-Pre- Maturity Test Date, the Managing GP (or the Cash Manager on its behalf) shall immediately notify in writing the Partnership, the Partners and the Bond Trustee. (3) If the Pre-Maturity Test is breached, and unless the Pre-Maturity Liquidity Ledger is otherwise funded from other sources pursuant to Section 7.2(1)(a) through (cor Section 7.2(1)(b), the Partnership shall sell Randomly Selected Loans Portfolio Assets if required pursuant to Section 7.2.

Pre-Maturity Test. (1) For so long as the Hard Bullet Covered Bonds remain outstanding, the Partnership and the Partners (other than the Liquidation GP) shall use all commercially reasonable efforts to ensure that on each Pre-Maturity Test Date the Partnership is in compliance with the Pre-Maturity Test as set out in Schedule 4. (2) If it is determined that the Partnership does not meet the Pre-Maturity Test as of any Pre-Pre- Maturity Test Date, the Managing GP (or the Cash Manager on its behalf) shall immediately notify in writing the Partnership, the Partners and Partners, the Bond TrusteeTrustee and CMHC. (3) If the Pre-Maturity Test is breached, and unless the Pre-Maturity Liquidity Ledger is otherwise funded from other sources pursuant to clauses (a) or (b) of Section 7.2(1)(a) through (c7.2(1), the Partnership shall offer to sell Randomly Selected Loans if required pursuant to Section 7.2.