Terminating Entity definition

Terminating Entity. As determined by the Trust Administrator pursuant to Section 11.02(b).

Terminating Entity. SPS or the entity or entities designated pursuant to Section 7.04(b) of the Agreement.

Terminating Entity. As determined by the Trustee pursuant to Section 9.04.

Examples of Terminating Entity in a sentence

• If the Terminating Entity elects to terminate the Trust Fund pursuant to Section 9.01, at least 20 days prior to the date notice is to be mailed to the affected Certificateholders, the Terminating Entity shall notify any other Servicer 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.

• If the Indenture Trustee receives less than three bids, or does not receive any bid that is equal to or greater than the related Par Value, the Indenture Trustee shall continue conducting auctions every six months until the earlier of (a) the completion of a successful auction and (b) the related Terminating Entity exercises its purchase option.

• If any right to purchase is exercised, the related Terminating Entity or Auction Purchaser, as applicable, shall deposit the related Termination Price, with the Indenture Trustee pursuant to Section 4.10 hereof and, upon the receipt of such deposit, the Indenture Trustee or the Custodians shall release to the designee appointed by the related Terminating Entity or the Auction Purchaser, as applicable, the files pertaining to the Loans being purchased.

• Figure 2.2 shows the Traffic Handler’s entities which represent the main functionalities provided by this Traffic Handler; those entities are the Main Traffic Handler, Location Update Entity, Call Originating Entity, and Call Terminating Entity.

• The related Terminating Entity shall give the Indenture Trustee, the Servicers not less than fifteen Business Days’ prior written notice of the Payment Date on which the Terminating Entity anticipates that the final distribution will be made to the related Securityholders.

More Definitions of Terminating Entity

Terminating Entity. With respect to any Optional Termination Date, the majority Class X Certificateholder (as long as (a) it is not an affiliate of the Depositor or the Seller or (b) the Class X Certificates are not securing a NIM Note), so long as it provides notice to the Servicer of its intent to act as the Terminating Entity by the first Business Day of the month next preceding such Distribution Date. If the majority Class X Certificateholder does not provide such notice then the Servicer, so long as the Servicer provides notice to the Trustee of its intent to act as the Terminating Entity by the fifth Business Day of the month next preceding such Distribution Date.

Terminating Entity. As determined by the Trustee pursuant to Section 9.04(a). The Terminating Entity shall be determined on each Optional Termination Date.

Terminating Entity. The Person that exercises a Terminating Purchase pursuant to Section 9.01(a) hereof.

Terminating Entity. With respect to any Optional Termination Date, the Class X Certificateholder (as long as it is not an affiliate of the Depositor or the Seller), so long as it provides notice to the Servicer of its intent to act as the Terminating Entity by the first business day of the month next preceding such distribution date. If the Class X Certificateholder does not provide such notice then the Servicer, so long as the Servicer provides notice to the Master Servicer of its intent to act as the Terminating Entity by the fifth business day of the month next preceding such distribution date, otherwise the Master Servicer.

Terminating Entity has the meaning given to it in Section 1.1(c)(ii).

Terminating Entity. As defined in Section 2.19.

Terminating Entity. The Majority Class X Certificateholder.