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

• The exercise of such right will effect early retirement of the Certificates; however, such right cannot be exercised until the Optional Termination Date.

• The Agreement permits, but does not require, the party designated in the Agreement, subject to certain conditions set forth in Article X of the Agreement, to purchase from the Trust Fund all Mortgage Loans and all property acquired in respect of any Mortgage Loan at the Termination Price on the Optional Termination Date.

• The Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.

• Any distributions on the Mortgage Loans which have been subject to an Optional Termination received by the Trust Administrator subsequent to (or with respect to any period subsequent to) the Optional Termination Date shall be promptly remitted by it to the Terminating Entity.

• Such notice shall be mailed no earlier than the 15th day and not later than the 10th day preceding the applicable Optional Termination Date or date of final distribution, as the case may be.

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 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 Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any related REO Property pursuant to Section 10.01.

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.

Optional Termination. Any of Group I Optional Termination or Group II Optional Termination.