Termination of Agreement; Optional Repurchase Sample Clauses

Termination of Agreement; Optional Repurchase. (a) This Agreement and the respective obligations and responsibilities of the Sponsor, the [Master Administrator], the [Master Servicer], the Servicer and the Trustee created hereby (other than the obligation of the Trustee to make payments to Certificateholders as hereinafter set forth) shall terminate on the date (the "Trust Termination Date") which is the earlier to occur of:
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Termination of Agreement; Optional Repurchase. (a) This Agreement and the respective obligations and responsibilities of the Seller, the Servicer and the Trustee created hereby shall terminate on the date (the "Trust Termination Date") which is the earlier to occur of:
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Termination of Agreement; Optional Repurchase. 86 SECTION 11.02. Beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 SECTION 11.03. Amendment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 SECTION 11.04. Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89 SECTION 11.05. Notices and Reports to be Delivered to the Rating Agency . . . . . . . . . 91 SECTION 11.06. Merger and Integration . . . . . . . . . . . . . . . . . . . . . . . . . . 91 SECTION 11.07. Headings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91 SECTION 11.08. Certificates Nonassessable and Fully Paid . . . . . . . . . . . . . . . . . 92 SECTION 11.09.
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Termination of Agreement; Optional Repurchase. 86 SECTION 11.02. Beneficiaries.................................... 88 SECTION 11.03. Amendment........................................ 88 SECTION 11.04. Notices.......................................... 89 SECTION 11.05. Notices and Reports to be Delivered to the Rating Agency................................ 91 SECTION 11.06. Merger and Integration........................... 91 SECTION 11.07. Headings......................................... 91 SECTION 11.08. Certificates Nonassessable and Fully Paid............................................. 92 SECTION 11.09.
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Related to Termination of Agreement; Optional Repurchase

  • Optional Repurchase Series Termination 36 Section 7.01. ...............................

  • Optional Repurchase (a) So long as a Transferor is the Servicer or an Affiliate of the Servicer, on any day occurring on or after the date on which the Invested Amount is reduced to 5% or less of the Initial Invested Amount, such Transferor shall have the option to purchase the Series 2017-5 Certificateholders’ Table of Contents Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. If, on the date on which a Transferor exercises such option, the long-term unsecured debt obligations of such Transferor purchasing the Series 2017-5 Certificateholders’ Interest is not rated at least in the third highest rating category by the Rating Agency, such Transferor shall deliver to the Trustee, with a copy to the Rating Agency, an Officer’s Certificate of such Transferor which shall have attached to it the relevant fraudulent conveyance statute, if any, and set forth the factual basis for a conclusion that the exercise of such optional repurchase would not constitute a fraudulent conveyance of such Transferor.

  • Early Termination of Agreement This Agreement may be terminated prior to the Ending Date upon any one of the following events:

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

  • Early Termination of Option The Option, to the extent not previously exercised, and all other rights in respect thereof, whether vested and exercisable or not, shall terminate and become null and void prior to the Expiration Date in the event of: • the termination of the Participant’s employment or services as provided in Section 5.6 of the Plan, or • the termination of the Option pursuant to Section 7.3 of the Plan.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Termination of Repurchase Option Sections 2, 3, 4 and 5 of this Agreement shall terminate upon the exercise in full or expiration of the Repurchase Option, whichever occurs first.

  • Termination of the Option The Option shall terminate and may no longer be exercised after the first to occur of (a) the close of business on the Option Expiration Date, (b) the close of business on the last date for exercising the Option following termination of the Participant’s Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8.

  • Procedure Upon Optional Termination (a) In case of any Optional Termination pursuant to Section 11.01, the Terminating Entity shall, at least twenty days prior to the date notice is to be mailed to the affected Certificateholders notify the Trustee and Trust Administrator of such Optional Termination Date and of the applicable purchase price of the Mortgage Loans to be purchased. The Trust Administrator shall give notice to the Rating Agencies of election to purchase the Mortgage Loans pursuant to Section 11.01 hereof and of the Optional Termination Date.

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