The Pool Factor Clause Samples
The Pool Factor clause defines the proportion of the original principal amount of a pool of loans or securities that remains outstanding at a given time. In practice, this clause is commonly used in asset-backed securities or mortgage-backed securities, where the pool factor is periodically updated to reflect principal repayments made by borrowers. By providing a standardized measure of the remaining principal, the clause ensures transparency for investors and facilitates accurate valuation and trading of the securities.
The Pool Factor. The Pool Factor (which represents the ratio of the amount of the Investor Interest on the last day of the Monthly Period to the amount of the Investor Interest as of the Closing Date). The amount of a Certificateholder's pro rata share of the Investor Participation Amount can be determined by multiplying the original denomination of the holder's Certificate by the Pool Factor Class A Class B
The Pool Factor. (a) The Class A Pool Factor (which represents the ratio of the amount of the Class A Investor Amount on the last day of the month of _____________, 199__ (adjusted for the Class A Charge Offs set forth in 10(d) above and the amount of the reimbursement set forth in 10(g) above) to the amount of the Class A Investor Amount as of the Initial Closing Date). The amount of a Certificateholder's pro rata share of the Investor Amount can be determined by multiplying the original denomination of the holder's Certificate by the relevant Pool Factor..
The Pool Factor. 1. The Class A-1 Note Pool Factor immediately before such Distribution Date
2. The Class A-2 Note Pool Factor immediately after such Distribution Date
3. The Class B Note Pool Factor immediately after such Distribution Date
4. The Class A-1 Note Pool Factor immediately before such Distribution Date
5. The Class A-2 Note Pool Factor immediately after such Distribution Date
6. The Class B Note Pool Factor immediately after such Distribution Date U. Delinquent Contracts 1. 31-59 Days # $ 2. 60-89 Days # $ 3. 90 or More Days # $