Examples of Optional Termination Notice in a sentence
Upon receiving such notice, the Trust Administrator shall immediately request from DLJMC and DLJMC shall deliver no later than seventeen (17) days prior to the first day of the Optional Termination Notice Period a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan in any of the related Loan Groups.
Upon receipt of an Optional Termination Notice under the Structured Swap, the Issuer shall be deemed to automatically exercise the Issuer Call Option (as provided in Condition 7(e)) in respect of all the Notes on the Optional Redemption Date.
Upon receiving such notice, the Trustee shall immediately request from DLJMC and DLJMC shall deliver no later than seventeen (17) days prior to the first day of the Optional Termination Notice Period a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan.
Upon receiving such notice, the Trustee shall immediately request from DLJMC and DLJMC shall deliver to the Trustee no later than twenty-seven (27) days prior to the Optional Termination Notice Date a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan.
If the Terminating Entity elects to terminate the Trust Fund or the Auction Purchaser purchases the Mortgage Loans pursuant to Section 9.01, at least 10 days prior to the first day of the Optional Termination Notice Period, the Terminating Entity or the Auction Purchaser, as applicable, shall notify any other Servicer, the Rating Agencies, the Swap Counterparty and the Trustee of the date it intends to terminate the Trust Fund and of the applicable repurchase price of the Mortgage Loans and REO Properties.