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

• 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.

• Issuer Call Notice Period: Not less than 5 (five) Business Days prior to the Optional Termination Date.

• Indeed, the requirement for a remediation plan is one of the RMMs specified for shooting ranges using lead ammunition in the CSR (2020).Remediation is likely to be needed if the site is intended to be used after the end of life for agricultural, recreational or residential use.

• Also, consensus and common vison shared by co-creators are drivers that further enhance this process.

• For each Accrual Period relating to any Distribution Date occurring after the Optional Termination Date.

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

Optional Termination Date. The first Distribution Date on which the Servicer may opt to terminate the Mortgage Pool pursuant to Section 10.01.