Clean-up Call. The termination of the Trust Fund hereunder pursuant to Section 9.01(a)(ii).
Clean-up Call. The optional purchase of the Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund on any date on which the Aggregate Stated Principal Balance is less than 10% of the Aggregate Stated Principal Balance as of the Cut-off Date, in accordance with Section 7.01(d) of this Agreement.
Clean-up Call. The meaning specified in Section 9.1 hereof.
More Definitions of Clean-up Call
Clean-up Call means the Trustor of the First Trust's right at its option to exercise a clean-up call to repurchase of all, but not part, of the outstanding Auto Loan Receivables from the Trustee of the First Trust when the Clean-up Call Conditions are satisfied.
Clean-up Call. The optional purchase of the mortgage loans subject to the Pooling Agreement and all property acquired in respect of any such mortgage loan remaining in the trust fund created pursuant to the Pooling Agreement on any date on which the aggregate stated principal balance is less than either 20% or 5%, as applicable, of the aggregate stated principal balance as of September 1, 2011, in accordance with the Pooling Agreement.
Clean-up Call means such time that the Majority Representative or, if applicable, the holder of more than 50% of the Class B Certificates or the Servicer may elect to purchase, at the Clean-up Call Purchase Price, all of the Mortgage Loans and other assets in the Trust, thereby causing an early termination of the Trust, as set forth in the Pooling and Servicing Agreement.
Clean-up Call. As defined in Section 10.01(a).
Clean-up Call means an option that permits the originator to call the underlying exposures or the securitisation exposures when the outstanding value of the underlying exposures falls below a pre-defined threshold, thereby extinguishing the remaining securitisation exposures of all parties;