Applicable Pool definition
Examples of Applicable Pool in a sentence
Such Notice of Sale shall specify for the related Applicable Pool (i) the Cutoff Date Aggregate Outstanding Principal Balance, (ii) the applicable Purchase Date, (iii) the Cutoff Date for such Applicable Pool and (iv) the Purchase Price for such Applicable Pool to be paid on the initial Purchase Date.
The Purchaser shall have provided evidence to the Seller of the establishment of the Purchaser Vault Partition, the Purchaser Vault Partition shall be in full force and effect, and the Seller shall have caused the “authoritative copy” of each Contract within the Applicable Pool to be communicated to and maintained in the Purchaser Vault Partition.
The Seller shall promptly provide to the Purchaser all data related to the Applicable Pool that is necessary to determine the Purchase Price for such Applicable Pool or that is reasonably requested by the Purchaser.
The Purchase Price for each Applicable Pool will be set forth in the Notice of Sale for such Applicable Pool provided in accordance with Section 4.1(a).
Such Notice of Sale shall specify for each Applicable Pool (i) the Cutoff Date Aggregate Outstanding Principal Balance, (ii) the applicable Purchase Date, (iii) the Cutoff Date and (iv) the Purchase Price.
During the Commitment Period, the purchase and sale of an Applicable Pool will occur on the Purchase Date, subject to the satisfaction of the conditions precedent set forth in this Agreement.
On such Purchase Date, the Purchaser has delivered to the Seller the Purchase Price for such Applicable Pool.
After giving effect to such purchase and sale, the sum of (i) the Cutoff Date Aggregate Outstanding Principal Balance for such Applicable Pool, and the aggregate amount of(ii) the Cutoff Date Aggregate Outstanding Principal Balance for all previous Applicable Pools within the related Commitment Period dodoes not exceed the Annual Commitment Amount.