Termination 131 Sample Clauses

Termination 131. SECTION 13.1 Termination upon Liquidation or Purchase of all Mortgage Loans. 131 SECTION 13.2 Final Distribution on the Certificates. 131 SECTION 13.3 Additional Termination Requirements. 132 SECTION 14.1 REMIC Administration. 133 SECTION 14.2 Prohibited Transactions and Activities. 136 SECTION 14.3 Indemnification with Respect to Prohibited Transactions or Loss of REMIC Status. 136 SECTION 15.1 Without Consent of the Certificateholders. 136 SECTION 15.2 With Consent. 137 SECTION 15.3 Procedure and Notice. 138 SECTION 16.1 Binding Nature of Agreement; Assignment. 138 SECTION 16.2 Entire Agreement. 138 SECTION 16.3 Counterparts. 138 SECTION 16.4 Provision of Information. 139 SECTION 16.5 Governing Law. 139 SECTION 16.6 Notices. 139 SECTION 16.7 Severability of Provisions. 141 SECTION 16.8 No Waivers. 141 SECTION 16.9 Headings Not to Affect Interpretation. 141 SECTION 16.10 No Petitions. 141 SECTION 16.11 Certificates Fully Paid and Nonassessable. 141 SECTION 16.12 Protection of Assets. 142 EXHIBITS Exhibit A Information Fields for ML Schedule Exhibit B Contents of each Mortgage File Exhibit C Form of Request for Release Exhibit D Form of Realized Gains and Losses Exhibit E Standard Layout for Monthly Defaulted Loan Report Exhibit F Credit Reporting Procedure Exhibit 1122 Servicing Criteria Exhibit SOX Sarbanes Oxley Certificate Exhibit G-1 Form of Class A Certificate Exhibit G-2 Form of Class M Certificate Exhibit G-3 Form of Class C Certificate Exhibit G-4 Form of Class P Certificate Exhibit G-5 Form of Class R Certificate Exhibit G-6 Form of Class RX Certificate Exhibit H Form of Transferor Certificate Exhibit I-1 Form of Investment Letter (Non-Rule 144A) Exhibit I-2 Form of Investment Letter (Rule 144A) Exhibit J Form of Benefit Plan Affidavit Exhibit K Form of Residential Transfer Affidavit Exhibit L Form of Residual Transferee Agreement SCHEDULES Schedule A Mortgage Loan Schedule Schedule B Representations and Warranties in respect of the Mortgage Loans Schedule C LIBOR Calculation This POOLING AND SERVICING AGREEMENT, dated as of , 200 , is by and among FIRST NLC SECURITIZATION, INC., a Delaware corporation, as depositor (the “Depositor”), FIRST NLC FINANCIAL SERVICES, LLC., a Florida limited liability company, as seller (the “Seller”), [ - ], a [national banking association], as servicer (the “Servicer”), [ - ], a [national banking association], as securities administrator (the “Securities Administrator”) and as master servicer (the “Master Servicer”...
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Termination 131. Section 9.02. Termination Prior to Maturity Date; Optional Redemption 131 Section 9.03. Certain Notices upon Final Payment 132 Section 10.01. Binding Nature of Agreement; Assignment 132 Section 10.02. Entire Agreement 132 Section 10.03. Amendment 133
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Termination 131. Immediate LAWA Entry and Cure of Wrongful Use 131
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Related to Termination 131

  • Termination Option Tenant shall have the one-time right to terminate the Lease effective as of the end of the thirty-sixth full calendar month following the Commencement Date, by giving written notice to the Landlord prior to the expiration of the twenty-seventh full calendar month following the Commencement Date (time being of the essence herein), which notice (in order to be valid) shall be accompanied by payment of the Termination Fee (hereinafter defined) and which notice shall specify the termination date; provided however, if Tenant is in Default at any time hereunder beyond any applicable cure period (whether before or after the termination notice), at Landlord’s option, such termination election shall be null and void, and Landlord may use any portion of the Termination Fee paid to offset against any amounts owed by Tenant under the Lease. The Termination Fee is equal to the sum of (i) four (4) months of Rent then being paid by Tenant on a monthly basis (including without limitation estimated pass-throughs), plus (ii) the unamortized portion of the cost of all leasehold improvements, leasing commissions, attorney fees, rental abatements and other concessions incurred or provided by Lessor in connection with this Lease. Upon request, Landlord shall calculate the Termination Fee and provide the amount thereof to Tenant. The Termination Fee shall be calculated by Landlord by first amortizing the cost of all leasehold improvements, leasing commissions, attorney fees, rental abatements and other concessions in equal monthly installments over the Term (or if incurred in connection with any Lease amendment, amortized over the portion of the Term commencing with the effective date for the initial full monthly payment of Rent for the Lease amendment) at the rate of nine percent (9%) per annum (compounded annually) and then determining the unamortized portion thereof as of the effective date of termination. Tenant, in addition to the Termination Fee, shall remain obligated for all Basic Monthly Rent, Additional Rent and other sums due under the Lease up to and including the effective date of termination, even though such amounts may be billed subsequent to such date. Tenant’s obligations, and Landlord’s rights and remedies (including without limitation, the right to recover reasonable attorneys fees as permitted by this Lease), with respect to all such sums, any other amounts due and owing to Landlord and any other of Tenant’s obligations or liabilities accruing prior to the date of termination shall survive any such termination. .

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Term; Termination; Rights on Termination The term of this Agreement shall begin on the date hereof and continue for three (3) years, and, unless terminated sooner as herein provided, shall continue thereafter on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (such initial three year period and any extensions thereof being referred to herein as the "Term"). This Agreement and Employee's employment may be terminated in any one of the following ways:

  • Termination Effect of Termination 83 21.1. Termination................................................83 21.2. Effect of Termination......................................84

  • Termination With Cause The Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage Loans, as provided in Section 4.01 of this Agreement upon the occurrence of a Primary Servicer Termination Event. Any notice of termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.