Cut-off Date definition
Cut-off Date. With respect to each Original Mortgage Loan, December 1, 1998. With respect to all Qualified Substitute Mortgage Loans, their respective dates of substitution. References herein to the "Cut-off Date," when used with respect to more than one Mortgage Loan, shall be to the respective Cut-off Dates for such Mortgage Loans.
Cut-off Date means 31st March of the year closing after two years of the year of commercial operation of whole or part of the project, and in case the whole or part of the project is declared under commercial operation in the last quarter of the year, the cut-off date shall be 31st March of the year closing after three years of the year of commercial operation”.
Cut-off Date. With respect to any Mortgage Loan, the later of (i) the date of origination of such Mortgage Loan or (ii) July 1, 2000 First Distribution Date : August 25, 2000 Initial Certificate Principal Balance of this Certificate ("Denomination") : $4,750,000.00 Original Class Certificate Principal Balance of this Class : $4,750,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 68389F __ _ Class : M-3 Assumed Maturity Date : September 2030 Option One Mortgage Loan Trust 2000-3 Asset-Backed Certificates, Series 2000-3 Class M-3 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien, adjustable rate mortgage loans (the "Mortgage Loans") OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Master Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 Certificate (obtained by dividing the Denomination of this Class M-3 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Option One Mortgage Acceptance Corporation (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of July 1, 2000 (the "Agreement") among the Depositor, Option One Mortgage Corporation, as master servicer (the "Master Servicer"), and Wells Fargo Bank Minnesota, N.A., a ▇▇▇▇▇nal banking association, as Trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the...
Examples of Cut-off Date in a sentence
With respect to each Mortgage Loan, except as contained in a written document included in the Mortgage File, there have been no modifications, amendments or waivers, that could be reasonably expected to have a material adverse effect on such Mortgage Loan consented to by the Mortgage Loan Seller on or after the Cut-off Date.
To the extent required under applicable law, as of the Cut-off Date or as of the date that such entity held the Mortgage Note, each holder of the Mortgage Note was authorized to transact and do business in the jurisdiction in which each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Mortgage Loan by the Trust.
The Servicing File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Cut-off Date.
The Mortgage Loan Seller or the originator of the Mortgage Loan inspected or caused to be inspected each related Mortgaged Property within six months of origination of the Mortgage Loan and within twelve months of the Cut-off Date.
Each Mortgage Loan with a Cut-off Date Balance of $30 million or more has a counsel’s opinion regarding non-consolidation of the Mortgagor.
More Definitions of Cut-off Date
Cut-off Date means the last day on which the Contractor must hold the blocked rooms for the Program, at which time the Contractor may release the unreserved rooms to the general public.
i. The Cut Off Date hereunder is cutoffdate.
Cut-off Date. Means the earlier of (a) the Delivery Period Termination Date and (b) the date on which a Triggering Event occurs.
Cut-off Date. The date or dates designated as such on the related Mortgage Loan Schedule with respect to the related Mortgage Loan Package.
Cut-off Date. With respect to any Mortgage Loan, January 1, 2006 First Distribution Date : February 27, 2006 Initial Certificate Principal Balance of this Certificate (“Denomination”) : $[_______] Original Class Certificate Principal Balance of this Class : $[_______] Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : [____] Class : II-A4 Final Scheduled Distribution Date : January, 2036 Assumed Final Maturity Date : December, 2045 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien, fixed rate and adjustable rate mortgage loans (the “Mortgage Loans”) Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class II-A4 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class II-A4 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Master Servicer or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class II-A4 Certificate (obtained by dividing the Denomination of this Class II-A4 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Long Beach Securities Corp. (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of January 1, 2006 (the “Agreement”) among the Depositor, Long Beach Mortgage Company, as master servicer (the “Master Servicer”) and as seller, and Deutsche Bank National Trust Company, as trustee (the “Trustee”). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class II-A4 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class II-A4 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordan...
Cut-off Date. The first day of the month of initial issuance of the Certificates as set forth in Section 11.02.
Cut-off Date. The first day of the month in which the related Closing Date occurs.
Cut-off Date. In the case of any Mortgage Loan, the later of (i) the date of origination of such Mortgage Loan and (ii) February 1, 2007.