Common use of Procedure Upon Optional Termination Clause in Contracts

Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 4.01, the [Depositor] shall, at least 20 days prior to the date notice is to be mailed to the Certificateholders (unless a shorter period shall be satisfactory to the Master Servicer and the Trustee), notify the Master Servicer and the Trustee of such Optional Termination Date, and of the Repurchase Price of the Contracts to be repurchased. (b) Any repurchase by the [Depositor] of the Contracts shall be made on the Optional Termination Date by deposit of the Repurchase Price into the Certificate Account on or before the Distribution Date on which such repurchase is effected. Upon receipt by the Trustee of an Officers' Certificate of the Master Servicer certifying as to the deposit of the Repurchase Price into the Certificate Account, the Trustee and each co-trustee and separate trustee, if any, then acting as such under this Agreement, shall, upon request of the [Depositor] and at the expense of the [Depositor], execute and deliver all such instruments of transfer or assignment, in each case without recourse, as shall be reasonably requested by the [Depositor] to vest title in the Contracts so repurchased to the [Depositor] and shall transfer or deliver or shall cause the applicable Custodian to transfer or deliver to the [Depositor] or its designee the repurchased Contracts. Any distributions on the Contracts received by the Trustee or the Master Servicer subsequent to the Optional Termination Date shall be promptly remitted by it to the [Depositor].

Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 4.0110.01, the [Depositor] Servicer shall, at least 20 twenty days prior to the date notice is to be mailed to the affected Certificateholders (unless a shorter period shall be satisfactory to notify the Master Servicer Trustee [and the Trustee), notify the Master Servicer and the Trustee Insurer] of such Optional Termination Date, Date and of the Repurchase Price applicable repurchase price of the Contracts Mortgage Loans to be repurchased. (b) Any repurchase of the Mortgage Loans by the [Depositor] of the Contracts Servicer shall be made on the an Optional Termination Date by deposit of the Repurchase Price applicable repurchase price into the Certificate Account on or Account, as applicable, before the Distribution Date on which such repurchase is effected. Upon receipt by the Trustee of an Officers' Certificate of the Master Servicer certifying as to the deposit of the Repurchase Price such repurchase price into the Certificate Account, the Trustee and each co-trustee and separate trustee, if any, then acting as such under this Agreement, shall, upon request of the [Depositor] and at the expense of the [Depositor]Servicer, execute and deliver all such instruments of transfer or assignment, in each case without recourse, as shall be reasonably requested by the [Depositor] Servicer, to vest title in the Contracts Servicer in the Mortgage Loans so repurchased to the [Depositor] and shall transfer or deliver or shall cause the applicable Custodian to transfer or deliver to the [Depositor] or its designee Servicer the repurchased ContractsMortgage Loans. Any distributions on the Contracts Mortgage Loans received by the Trustee or the Master Servicer subsequent to (or with respect to any period subsequent to) the Optional Termination Date shall be promptly remitted by it to the [Depositor]Servicer.

Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 4.0110.01, the [Depositor] Servicer shall, at least 20 twenty days prior to the date notice is to be mailed to the affected Certificateholders (unless a shorter period shall be satisfactory to notify the Master Servicer Trustee and the Trustee), notify the Master Servicer and the Trustee Insurer of such Optional Termination Date, Date and of the Repurchase Price applicable repurchase price of the Contracts Mortgage Loans to be repurchased. (b) Any repurchase of the Mortgage Loans by the [Depositor] of the Contracts Servicer shall be made on the an Optional Termination Date by deposit of the Repurchase Price applicable repurchase price into the Certificate Account on or Account, as applicable, before the Distribution Date on which such repurchase is effected. Upon receipt by the Trustee of an Officers' Certificate of the Master Servicer certifying as to the deposit of the Repurchase Price such repurchase price into the Certificate Account, the Trustee and each co-trustee and separate trustee, if any, then acting as such under this Agreement, shall, upon request of the [Depositor] and at the expense of the [Depositor]Servicer, execute and deliver all such instruments of transfer or assignment, in each case without recourse, as shall be reasonably requested by the [Depositor] Servicer, to vest title in the Contracts Servicer in the Mortgage Loans so repurchased to the [Depositor] and shall transfer or deliver or shall cause the applicable Custodian to transfer or deliver to the [Depositor] or its designee Servicer the repurchased ContractsMortgage Loans. Any distributions on the Contracts Mortgage Loans received by the Trustee or the Master Servicer subsequent to (or with respect to any period subsequent to) the Optional Termination Date shall be promptly remitted by it to the [Depositor]Servicer.

Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 4.0110.01, the [Depositor] Servicer shall, at least 20 twenty days prior to the date notice is to be mailed to the affected Certificateholders (unless a shorter period shall be satisfactory to the Master Servicer and the Trustee), notify the Master Servicer and the Trustee of such Optional Termination Date, Date and of the Repurchase Price applicable repurchase price of the Contracts Mortgage Loans to be repurchased. (b) Any repurchase of the Mortgage Loans by the [Depositor] of the Contracts Servicer shall be made on the an Optional Termination Date by deposit of the Repurchase Price applicable repurchase price into the Certificate Account on or Account, as applicable, before the Distribution Date on which such repurchase is effected. Upon receipt by the Trustee of an Officers' Certificate of the Master Servicer certifying as to the deposit of the Repurchase Price such repurchase price into the Certificate Account, the Trustee and each co-trustee and separate trustee, if any, then acting as such under this Agreement, shall, upon request of the [Depositor] and at the expense of the [Depositor]Servicer, execute and deliver all such instruments of transfer or assignment, in each case without recourse, as shall be reasonably requested by the [Depositor] Servicer, to vest title in the Contracts Servicer in the Mortgage Loans so repurchased to the [Depositor] and shall transfer or deliver or shall cause the applicable Custodian to transfer or deliver to the [Depositor] or its designee Servicer the repurchased ContractsMortgage Loans. Any distributions on the Contracts Mortgage Loans received by the Trustee or the Master Servicer subsequent to (or with respect to any period subsequent to) the Optional Termination Date shall be promptly remitted by it to the [Depositor]Servicer.

Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 4.0110.01, the [Depositor] Servicer shall, at least 20 twenty days prior to the date notice is to be mailed to the affected Certificateholders (unless a shorter period shall be satisfactory to notify the Master Servicer Trustee and the Trustee), notify the Master Servicer and the Trustee Certificate Insurer of such Optional Termination Date, Date and of the Repurchase Price applicable repurchase price of the Contracts Mortgage Loans to be repurchased. (b) Any repurchase of the Mortgage Loans by the [Depositor] of the Contracts Servicer shall be made on the an Optional Termination Date by deposit of the Repurchase Price applicable repurchase price into the Certificate Account on or Account, as applicable, before the Distribution Date on which such repurchase is effected. Upon receipt by the Trustee of an Officers' Certificate of the Master Servicer certifying as to the deposit of the Repurchase Price such repurchase price into the Certificate Account, the Trustee and each co-trustee and separate trustee, if any, then acting as such under this Agreement, shall, upon request of the [Depositor] and at the expense of the [Depositor], Servicer execute and deliver all such instruments of transfer or assignment, in each case without recourse, as shall be reasonably requested by the [Depositor] Seller or the Servicer, to vest title in the Contracts Servicer in the Mortgage Loans so repurchased to the [Depositor] and shall transfer or deliver or shall cause the applicable Custodian to transfer or deliver to the [Depositor] or its designee Servicer the repurchased ContractsMortgage Loans. Any distributions on the Contracts Mortgage Loans received by the Trustee or the Master Servicer subsequent to (or with respect to any period subsequent to) the Optional Termination Date shall be promptly remitted by it to the [Depositor]Servicer.

Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 4.0110.01, the [Depositor] Master Servicer shall, at least 20 thirty days prior to the date notice is to be mailed to the affected Certificateholders (unless a shorter period shall be satisfactory to the Master Servicer and the Trustee), notify the Master Servicer and the Trustee of such the Optional Termination Date, Date and of the Repurchase Price applicable repurchase price of the Contracts Mortgage Loans to be repurchased. (b) Any repurchase of the Mortgage Loans by the [Depositor] of the Contracts Master Servicer shall be made on the Master Servicer Remittance Date in the same month as the Optional Termination Date by deposit of the Repurchase Termination Price into the Certificate Account on or before the Distribution Date on which such repurchase is effectedCustodial Account. Upon receipt by the Trustee of an Officers' Certificate of the Master Servicer certifying as to the deposit of the Repurchase such Termination Price into the Certificate Custodial Account, the Trustee and each co-trustee and separate trustee, if any, then acting as such under this Agreement, shall, upon request of the [Depositor] and at the expense of the [Depositor]Master Servicer, execute and deliver all such instruments of transfer or assignment, in each case without recourse, as shall be reasonably requested by the [Depositor] Master Servicer, to vest title in the Contracts Master Servicer to the Mortgage Assets so repurchased to the [Depositor] and shall transfer or deliver or shall cause the applicable Custodian to transfer or deliver to the [Depositor] or its designee Master Servicer the repurchased Contractspurchased Mortgage Assets. Any distributions collections on the Contracts Mortgage Assets received by the Trustee or the Master Servicer subsequent to (or with respect to any period subsequent to) calculation of the Optional Termination Date Price shall be promptly remitted by it to the [Depositor]Master Servicer.

Procedure Upon Optional Termination. (a) In case of any Optional Termination pursuant to Section 4.0110.01, the [Depositor] WMMSC shall, at least 20 twenty days prior to the date notice is to be mailed to the affected Certificateholders (unless a shorter period shall be satisfactory to the Master Servicer and the Trustee), notify the Master Servicer and the Trustee of such Optional Termination Date, Date and of the Repurchase Price applicable purchase price of the Contracts Mortgage Loans to be repurchased. (b) Any repurchase by the [Depositor] of the Contracts Mortgage Loans by WMMSC shall be made on the an Optional Termination Date by deposit of the Repurchase Price applicable purchase price into the Certificate Account on or Account, as applicable, before the Distribution Date on which such repurchase is effected. Upon receipt by the Trustee of an Officers' Officer's Certificate of the Master Servicer WMMSC certifying as to the deposit of the Repurchase Price such purchase price into the Certificate Account, the Trustee and each co-trustee and separate trustee, if any, then acting as such under this Agreement, shall, upon request of the [Depositor] and at the expense of the [Depositor]WMMSC, execute and deliver all such instruments of transfer or assignmentassignment delivered to the Trustee by WMMSC, in each case without recourse, representation or warranty as shall be reasonably requested by the [Depositor] WMMSC, to vest title in WMMSC in the Contracts Mortgage Loans so repurchased to the [Depositor] and shall transfer or deliver or shall cause the applicable Custodian to transfer or deliver to the [Depositor] or its designee WMMSC the repurchased ContractsMortgage Loans. Any distributions on the Contracts Mortgage Loans which have been subject to an Optional Termination received by the Trustee or the Master Servicer subsequent to (or with respect to any period subsequent to) the Optional Termination Date shall be promptly remitted by it to the [Depositor]WMMSC.