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Common use of Pool Balance Clause in Contracts

Pool Balance. The principal balances outstanding and owing on the Mortgage Loans in each Pool are greater than or equal to the amounts owing to the security holders of the related MBS or PC.

Appears in 2 contracts

Sources: Mortgage Loan Servicing Purchase and Sale Agreement (Homeside Lending Inc), Mortgage Loan Servicing Purchase and Sale Agreement (Homeside International Inc)

Related Clauses

  • Principal Balance
  • Original Class B Principal Balance
  • Net Receivables Balance
  • Outstanding Principal Balance
  • Cut-Off Date Aggregate Principal Balance

Parent Clauses

  • Distributions on Book-Entry Notes
  • Allocation of Charge-Off Amounts
  • The Leases
  • Representations and Warranties of Administrative Agent
  • PRIORITY OF DISTRIBUTIONS; STATEMENTS TO NOTEHOLDERS; RIGHTS OF NOTEHOLDERS
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