Optional Termination definition

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.

Optional Termination. The purchase of the Mortgage Loans pursuant to Section 11.01.

Optional Termination. The termination of the Trust Fund hereunder pursuant to clause (a) of Section 9.01 hereof.

Examples of Optional Termination in a sentence

• CDA has the option to terminate this interest rate swap transaction in whole or in part without any termination payment on September 1, 2017 and on each March 1 and September 1 thereafter (Optional Termination Dates).

• Party A shall pay an amount equal to the aggregate principal amount of the Notes then outstanding and any Interest Amounts due and payable to a holder of the Notes on the Optional Redemption Date to Party B,together, the “ Optional Termination Amounts”.

• Optional Termination: At a minimum, the authority shall have the right to optionally terminate a swap agreement at any time over the term of the agreement (elective termination right) at the then-prevailing market value of the swap (so long as a swap Counterparty receiving payment upon termination is not in default).

• Party A shall pay an amount equal to the product of (i) the Optional Redemption Amount and (ii) the number of Notes outstanding on the Optional Termination Date to Party B.

• After this termination, the Contractor shall proceed in accordance with sub-clause 16.2 [Cessation of Work and Removal of Contractor's Equipment] and shall be paid in accordance with sub-clause 19.6 [Optional Termination, Payment and Release].

More Definitions of Optional Termination

Optional Termination. The Seller will have the right to repurchase all remaining Mortgage Loans, and effect an early retirement of the Certificates, when the aggregate scheduled principal balance of the Mortgage Loans is less than 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date.

Optional Termination. The Depositor will have the right to repurchase all remaining Mortgage Loans, and effect an early retirement of the Certificates, when the aggregate scheduled principal balance of the Mortgage Loans is less than 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date.

Optional Termination. The termination of the Trust Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any REO Property pursuant to the last sentence of Section 10.01 hereof.

Optional Termination. The termination of the Trust Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any REO Property.

Optional Termination. The termination of either Loan Group hereunder pursuant to the purchase of the Mortgage Loans pursuant to the last sentence of Section 9.01 hereof.

Optional Termination. The termination of the trust hereunder pursuant to clause (a) of Section 9.01 hereof.

Optional Termination. The termination hereunder of that portion of the Trust Fund related to the Certificates pursuant to Section 10.01(a) hereof.