Optional Termination Amounts definition

Optional Termination Amounts. With respect to a Loan Group, the Repurchase Price paid by the Servicer in connection with any repurchase of all of the Mortgage Loans in such Loan Group pursuant to Section 9.01.
Sample 1Sample 2Sample 3
Optional Termination Amounts. With respect to either Loan Group, the Repurchase Price paid by CMMC in connection with any repurchase of all of the Mortgage Loans in such Loan Group pursuant to Section 9.01.
Sample 1
Optional Termination Amounts. The Repurchase Price paid by the Holder of the Class C Certificates or the Servicer, as applicable, in connection with any repurchase of all of the Mortgage Loans pursuant to Section 9.01.
Sample 1

Examples of Optional Termination Amounts in a sentence

  • However, contrary to the Swap Counterparties’ representations,19 they do not have the ability to exercise their Optional Termination Rights and collect the Optional Termination Amounts.

  • Section 3 of the Forbearance Agreement entitles the City to direct the Swap Counterparties to exercise their Optional Termination Rights under the Optional Termination Provisions of the Swap Contracts, which will trigger the payment of the Optional Termination Amounts (approximately $222 million to $243 million) by the City to the Swap Counterparties.

  • The City and the Swap Counterparties have attempted to maneuver around this limitation by having the City, as opposed to the Service Corporations, pay the Optional Termination Amounts to the Swap Counterparties.20 To adopt this interpretation does not make sense because the Service Corporations have no source of funding except the City.

  • Likewise, criminal grievances would be handled with applicable legal procedures.

  • The Optional Termination Amounts will be determined by an agreed methodology among the parties and will be based on the present value of the amounts due under the Swap Agreements, as adjusted to take into account three(3) basis points of breakage costs.

  • If the Postpetition Financing is approved, the City believes it will be in a position to close on the financing shortly thereafter and to issue an Optional Termination Notice in advance of the January 7, 2014 expiration of the Purchaser’s commitment in order to take advantage of the discount on the Optional Termination Amounts under the Forbearance Agreement, if approved.

  • The City intends, and believes it is well positioned to, cause the exercise of the Termination Rights and thus, take advantage of an 18% reduction in the Optional Termination Amounts (and perhaps a larger reduction if there is agreement to extend the Payment Adjustment Dates).

  • Importantly, the Forbearance Agreement permits the City to cause the Termination Rights to be exercised only once, and in connection with theissuance of any Optional Termination Notice, the City must demonstrate to the Swap Counterparties that it has sufficient wherewithal to fund payment of the Optional Termination Amounts.

  • Such Optional Termination Notice shall be accompanied by evidence reasonably satisfactory to each of UBS and MLCS that the City will have funds on the Optional Termination Date sufficient to pay in cash the Optional Termination Amounts as set forth in Section 3.3 below (the “Supporting Information”).

Related to Optional Termination Amounts

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • 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.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Accrual Termination Date Not applicable.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Series Termination Date means, with respect to any Series of Notes, the date specified as such in the applicable Series Supplement.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Termination Price As defined in Section 9.01.

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2 and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, May 18, 2009 (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Scheduled Commitment Termination Date means May 24, 2016, as such date may be extended by mutual agreement of the parties hereto (each, in their sole and absolute discretion) pursuant to Sections 2.21 and 12.01(b).

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Accretion Termination Date As defined in the Series Supplement.

  • Event Termination Date See Section 2(e) hereof.