Optional Call definition

Optional Call means the call of the Certificates by the Warrant Holder, in whole or in part, resulting from the exercise of Call Warrants by the Warrant Holder, pursuant to Section 7(d) hereof.

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Optional Call shall mea▇ ▇▇▇ ▇all of the Certificates by the Warrant Holder, in whole or in part, resulting from the exercise of Call Warrants by the Warrant Holder, pursuant to Section 7(d) hereof.

Optional Call shall have the meaning specified in Section 8.08(b) of the Indenture.

Examples of Optional Call in a sentence

• In addition to the conditions set forth in Section 1.1 of the Warrant Agent Agreement, the following conditions shall apply to any Optional Call.

• In the event that the Purchaser fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the Optional Call will be deemed not to be effective with respect to such Distribution Date, and the Certificates and the Call Rights shall continue to remain outstanding.

• In the event that the Purchaser fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the Optional Call will be deemed not to be effective with respect to such Distribution Date, and the Certificates and the Call Warrants shall continue to remain outstanding.

• Such payment shall be made on any date (the "Optional Call Payment Date") established by the Company, which in no event shall be more than 30 days after the Optional Call Date, to holders of record at the close of business on the tenth business day following such Optional Call Date.

• Upon request of the Trustee, the Warrant Holder shall deliver the opinion specified in Section 7(a)(i)(x) above as a condition to any Optional Call.

More Definitions of Optional Call

Optional Call means the call of the Certificates by the Rights Holder, in whole or in part, resulting from the exercise of Call Rights by the Rights Holder, pursuant to Section 7 hereof.

Optional Call means ▇▇▇ ▇▇ll of the Certificates by the Rights Holder, in whole or in part, resulting from the exercise of Call Rights by the Rights Holder, pursuant to Section 7 hereof.

Optional Call. ▇▇▇▇▇ ▇ean the call of the Certificates by the Warrant Holder, in whole or in part, resulting from the exercise of Call Warrants by the Warrant Holder, pursuant to Section 7(d) hereof.

Optional Call. If the Put Option is exercised with respect to more than 90% of the outstanding aggregate Class Certificate Balance of the Certificates, the Standby Purchaser's option to purchase on the same terms as the Put Option all of the outstanding Certificates (other than the Class X and Class A-R Certificates) at the Optional Call Purchase Price, including Certificates with respect to which the applicable Holder has not exercised the Put Option.

Optional Call means the call of the Certificates by the Warrant Holder, in whole or in part, resulting from the exercise of Call Warrants by the Warrant Holder, pursuant to Section 7(e) hereof.

Optional Call. With respect to any Series, the call of the related Underlying Securities by a Warrant Holder, in whole or in part, resulting from the exercise of Call Warrants by such Warrant Holder, pursuant to Section 4.07 hereof.

Optional Call. With respect to any Distribution Date beginning with the Initial Optional Call Date, the option to purchase, in whole but not in part, either (a) the Outstanding Mortgage Loans and the REO Property, if any, remaining in the Trust Fund and thereby effect the early retirement of all Certificates or (b) all the Certificates Outstanding on such date, in each case in the manner set forth in Article IX hereof.