Securitization Unwind definition

Securitization Unwind means notice of the requisite amount of a party's intention to exercise its option to purchase the underlying mortgage loans pursuant the Base Agreement is given by the Trustee to certificateholders or noteholders, as applicable, pursuant to the Base Agreement.
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Securitization Unwind means the repurchase by Borrower of all Accounts sold by Borrower to Omnova Receivables Corporation, an Ohio corporation, the termination of the Receivables Sale Agreement and the Receivables Purchase Agreement, each dated as of May 1, 2000 and the filing (or delivery to Agent) of a UCC-3 termination statement evidencing the termination of the financing statements which were filed to evidence such sales of Accounts.
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Securitization Unwind means notice of the Servicer’s intention to exercise its option to redeem the Series 2008-A Notes pursuant the Indenture Supplement is given to the Indenture Trustee pursuant to the Indenture Supplement. Upon the occurrence of an Additional Termination Event, if Party A is an Affected Party, Party A shall notify the Rating Agencies, Party B and the Indenture Trustee of such occurrence promptly upon becoming aware of it.
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Examples of Securitization Unwind in a sentence

  • If a Securitization Unwind (as hereinafter defined) occurs, an Additional Termination Event shall have occurred with respect to Party B and Party B shall be the sole Affected Party with respect to such Additional Termination Event; provided, however, that notwithstanding Section 6(b)(iv) of this Agreement, both Party A and Party B shall have the right to designate an Early Termination Date in respect of this Additional Termination Event.

  • As used herein, "Securitization Unwind" means notice of the requisite amount of a party's intention to exercise its option to purchase the underlying mortgage loans pursuant the Base Agreement is given by the Trustee to certificateholders or noteholders, as applicable, pursuant to the Base Agreement.

  • If a Securitization Unwind (as hereinafter defined) occurs, an Additional Termination Event shall have occurred with respect to Party B and Party B shall be the sole Affected Party with respect to such Additional Termination Event.

  • As used herein, "Securitization Unwind" means notice of the requisite amount of a party's intention to exercise its option to purchase the underlying mortgage loans pursuant the Base Agreement is given by the Trustee or Securities Administrator to certificateholders or noteholders, as applicable, pursuant to the Base Agreement.

  • As used herein, "Securitization Unwind" means notice of the requisite amount of a party's intention to exercise its option to purchase the underlying mortgage loans pursuant the Pooling and Servicing Agreement is given by the Trustee or the Securities Administrator to certificateholders or noteholders, as applicable, pursuant to the Pooling and Servicing Agreement.