Auction Call definition

Auction Call. As defined in Section 11.01.
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Auction Call. The exercise of the auction under the Auction Administration Agreement and the Auction Swap Agreement on the Auction Call Date.
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Auction Call. As defined in Section 9.03(b) of the Trust Agreement.
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Examples of Auction Call in a sentence

  • The Master Servicer shall accommodate such request to conduct an Auction Call at its sole discretion.

  • If Avelo exercises its option to terminate the Trust Fund pursuant to clause (a) of Section 11.01, or if an Auction Call is requested pursuant to clause (b) of such Section, the Master Servicer, pursuant to the applicable Step 2 Assignment Agreements and by no later than the tenth (10th) day of the month of final distribution, shall notify the Trustee, each Servicer and the Securities Administrator of the final Distribution Date and of the applicable sale price of the Mortgage Loans and REO Properties.

  • Accordingly, the sale of the Mortgage Loans and the REO Properties as a result of the exercise of the Avelo Call or the Auction Call will result in the final distribution on the Certificates on that Distribution Date.

  • Accordingly, the sale of the Mortgage Loans and the REO Properties as a result of the exercise of the Auction Call will result in the final distribution on the Certificates on that Distribution Date.

  • The proceeds of the purchase or sale of such assets of the Trust on to the Optional Termination Date or pursuant to the Auction Call described in Section 11.01 above (other than, with respect to any Mortgage Loan and the related REO Property, an amount equal to the excess, if any, of the amount in Section 11.01(a)(ii) over the sum of the amount in Section 11.01(a)(i) (such excess, the "Fair Market Value Excess")) will be distributed to the holders of the Certificates in accordance with Section 4.01.

  • The proceeds of the purchase or sale of such assets of the Trust pursuant to the Avelo Call or the Auction Call described in Section 11.01 above (other than, with respect to any mortgage loan and the related property, an amount equal to the excess, if any, of the amount in Section 11.01(a)(2) over the sum of the amount in Section 11.01(a)(1) (such excess, the "Fair Market Value Excess")) will be distributed to the holders of the Certificates in accordance with Section 4.01.

  • Accordingly, the sale of the Mortgage Loans and the REO Properties as a result of the exercise by Avelo, Litton or the Auction Call will result in the final distribution xx xhe Xxxxxficates on that Distribution Date.

  • The proceeds of the purchase or sale of such assets of the Trust pursuant to the Auction Call described in this Section 11.01 (other than, with respect to any mortgage loan and the related property, an amount equal to the excess, if any, of the amount in Section 11.01(2) over the sum of the amount in Section 11.01(1) (such excess, the “Fair Market Value Excess”)) will be distributed to the holders of the Certificates in accordance with Section 4.01.

  • Notice of redemption pursuant to Section 9.1, Section 9.2 or the Maturity of any Notes shall be given by first class mail, postage prepaid, mailed not less than ten (10) Business Days (or four (4) Business Days where the notice of an Auction Call Redemption, an Optional Redemption, a Clean-up Call or a Tax Redemption is withdrawn pursuant to Section 9.3(b)) prior to the applicable Redemption Date or Maturity, to each Holder of Notes to be redeemed, at its address in the Notes Register.

  • The Class A Certificates (other than the Class A-7 Certificates) are subject to a Mandatory Auction Call (as described herein).


More Definitions of Auction Call

Auction Call. The payment of the proceeds of the auction under the Auction Administration Agreement and the Auction Swap Agreement on the Auction Distribution Date.
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Auction Call. As defined in Section 7.01(b) hereof. Aurora: Aurora Loan Services Inc., or its successors in interest.
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Auction Call. The Trustee shall solicit bids for the purchase of mortgage loans remaining in in a Mortgage Loan Group when the outstanding Certificate Balance of the related group equals 10% or less of the original principal balance of the Certificates in the related group. This call will be excersized at no less than par plus accrued interest. If the auction is not successful, the Servicer's will have the right to purchase the mortgage loans in a Mortgage Loan Group when the outstanding Certificate Balance of the related group has declined to 5% of original, again, at no less than par plus accrued interest.
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Auction Call. The Trustee shall solicit bids for the purchase of the Home Equity Loans in a Collateral Group at a price equal to or greater than the Auction Redemption Price for such group on an Auction Redemption Date for each Group.
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Auction Call. As defined in Section 4.03(b).
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Related to Auction Call

  • On Call means available to participate in discussion or for inquiries, even when not present at the service location.

  • Redemption Calculation Date means the sixth Payment Business Day prior to the date on which the Notes are redeemed as a result of any event specified in this § 5(3).(b) Notice of redemption shall be given by the Issuer to the Holders in accordance with § 14 and shall be delivered to the Fiscal Agent not less than 15 days before and shall at least specify:

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Retraction Call Right has the meaning ascribed thereto in the Exchangeable Share Provisions.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Liquidation Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Distribution Calendar Year means a calendar year for which a minimum distribution is required. The first Distribution Calendar Year is the calendar year immediately preceding the calendar year that contains the Participant’s Required Beginning Date and the last Distribution Calendar Year is the calendar year that contains the Participant’s date of death. The required minimum distribution for the Participant’s first Distribution Calendar Year shall be made on or before the Participant’s Required Beginning Date. The required minimum distribution for other Distribution Calendar Years, including the required minimum distribution for the Distribution Calendar Year in which the Participant’s Required Beginning Date occurs, shall be made on or before December 31 of that Distribution Calendar Year.

  • Redemption Call Purchase Price has the meaning provided in Section 1.4;

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • Valuation Cap means a pre-money valuation of US $27,500,000.

  • Fixed Rate Period Remaining Life means, with respect to any Debenture, the period from the Special Redemption Date for such Debenture to the Interest Payment Date in December 2010.

  • Auction Party has the meaning set forth in the definition of “Dutch Auction”.

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Applicable Par Call Date means with respect to the 2024 Notes, March 2, 2024, and with respect to the 2029 Notes, July 1, 2029.

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Auction Rate means the rate of interest per annum that results from implementation of the Auction Procedures and is determined as described in Section 2.02(a)(iii)(B) of this Appendix A.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.