Examples of Terminating Entity in a sentence
Upon the purchase by the Terminating Entity of any Mortgage Loans pursuant to Section 11.01, the Trust Administrator shall notify each Servicer that is servicing any of such Mortgage Loans of such purchase.
On any Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than 10% of the Aggregate Loan Balance as of the Cut-off Date and the amount on deposit in the Prefunding Account on the Closing Date, the Terminating Entity will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans at a purchase price determined as provided in the Agreement.
On any Distribution Date on which the aggregate Stated Principal Balance of the Group 7 Mortgage Loans is equal to 10% or less of the Aggregate Group 7 Collateral Balance as of the Cut-off Date, the Terminating Entity will have the option to repurchase, in whole, from the Trust Fund all remaining Group 7 Mortgage Loans and all property acquired in respect of such Mortgage Loans at a purchase price determined as provided in the Agreement.
On any Distribution Date on which the Aggregate Groups 1-6 Collateral Balance is equal to 10% or less of the Aggregate Groups 1-6 Collateral Balance as of the Cut-off Date, the Terminating Entity will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans in Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 and all property acquired in respect of such Mortgage Loans at a purchase price determined as provided in the Agreement.
Common agreements needed during half time together include editor agreements and composer agreements.