Optional Termination Date definition

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 Date. The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to an amount less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

Optional Termination Date. As defined in Section 9.01.

Examples of Optional Termination Date 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 Trust Administrator shall give notice to the Rating Agencies of election to purchase the Mortgage Loans pursuant to Section 11.01 hereof and of the Optional Termination Date.

• Effective upon the Optional Termination Date, this Lease shall terminate and be of no further force and effect except as to any obligations of the parties existing as of such date that survive termination of this Lease.

• The County Council’s ‘Superfast Northamptonshire’ project aims to secure access to superfast broadband with line speeds of 30Mbps and above to all premises in the County.

More Definitions of Optional Termination Date

Optional Termination Date. The first Distribution Date on which the Master Servicer may opt to terminate the Trust Fund pursuant to Section 10.01.

Optional Termination Date. The Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is equal to 10% or less of the Cut-off Date Pool Principal Balance. OTS: Office of Thrift Supervision, and any successor thereto.

Optional Termination Date. The Distribution Date on which the aggregate Stated Principal Balance of all of the Mortgage Loans is equal to or less than 20% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the Cut-off Date.

Optional Termination Date. The first Distribution Date on which the Terminator may opt to terminate the Trust Fund pursuant to Section 10.01.

Optional Termination Date. The first Distribution Date that the Servicer shall be permitted to purchase the Mortgage Loans and REO Properties pursuant to Section 9.01(b).

Optional Termination Date. The Distribution Date on which the aggregate Scheduled Principal Balance of the Loans (and REO Properties acquired in respect thereof) remaining in the Trust Fund as of the last day of the related Due Period is reduced to less than or equal to 10% of the aggregate Scheduled Principal Balance of the Initial Loans as of the Cut-Off Date and the amount on deposit into the Pre-Funding Account on the Closing Date.

Optional Termination Date. The date fixed by a Terminating Entity for the purchase of the Mortgage Loans pursuant to Section 11.01. OTS: The Office of Thrift Supervision.