Optional Termination definition

Optional Termination. The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

Optional Termination. The purchase of the Mortgage Loans pursuant to Section 11.01.

Optional Termination. The termination of the Trust Fund hereunder pursuant to clause (a) of Section 9.01 hereof.

Examples of Optional Termination in a sentence

• Whether or not any Optional Termination Sum is payable by the Sponsor to the Supplier, the Sponsor shall return any Completion and Performance Security held by the Sponsor to the Supplier within twenty (20) Business Days following receipt of a written request therefor made by the Supplier following the Termination Date, net of any amounts owing by the Supplier to the Sponsor.

• Interest shall accrue at a rate per annum equal to the Equity IRR on the Optional Termination Sum Holdback Amount from (but excluding) the Optional Termination Sum Payment Date to (and including) the OptionalTermination Sum True-Up Payment Date to the extent that the Optional Termination Sum Holdback Amount is determined to be payable to the Supplier pursuant to Section 9.6(f).

• A Stop Work Notice may further require the Decommissioning of the Project or Facility and Site.(b) An Optional Termination may occur subject to and in accordance with Sections 2.4(a),(b) and (c) before the Sponsor has issued Notice to Proceed to the Supplier in accordance with Section 2.4(a) and the Supplier has provided to the Sponsor the Incremental NTP Security in accordance with Section 2.4(h).

• Payment of the remaining balance of the Optional Termination Sum (the “ Optional Termination Sum Holdback Amount”), if any, shall be subject to and made in accordance with Section 9.6(f).

• This debarment will not be applicable in case of Optional Termination by BSNL (Other than due default of the contractor).

More Definitions of Optional Termination

Optional Termination. The Seller will have the right to repurchase all remaining Mortgage Loans, and effect an early retirement of the Certificates, when the aggregate scheduled principal balance of the Mortgage Loans is less than 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date.

Optional Termination. The Depositor will have the right to repurchase all remaining Mortgage Loans, and effect an early retirement of the Certificates, when the aggregate scheduled principal balance of the Mortgage Loans is less than 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date.

Optional Termination. The termination of the Trust Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any REO Property pursuant to the last sentence of Section 10.01 hereof.

Optional Termination. The termination of the Trust Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any REO Property.

Optional Termination. The termination of either Loan Group hereunder pursuant to the purchase of the Mortgage Loans pursuant to the last sentence of Section 9.01 hereof.

Optional Termination. The termination of the trust hereunder pursuant to clause (a) of Section 9.01 hereof.

Optional Termination. The termination hereunder of that portion of the Trust Fund related to the Certificates pursuant to Section 10.01(a) hereof.