After the Optional Termination Date Clause Samples

The 'After the Optional Termination Date' clause defines the rights and obligations of the parties once a contract's optional termination date has passed. Typically, this clause outlines what actions or procedures must be followed after the specified date, such as the settlement of outstanding payments, the return of property, or the cessation of certain services. Its core function is to provide clarity and structure for the post-termination phase, ensuring both parties understand their responsibilities and reducing the risk of disputes after the contract ends.
After the Optional Termination Date. It is expected that the Class Principal Balance of the Class R Certificate will be reduced to zero prior to the Optional Termination Date.
View SourceView Similar (4)
After the Optional Termination Date 
View SourceView Similar (6)

Related to After the Optional Termination 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.

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Termination of the Option The Option shall terminate and may no longer be exercised after the first to occur of (a) the close of business on the Option Expiration Date, (b) the close of business on the last date for exercising the Option following termination of the Participant’s Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8.