MAC Pool definition

MAC Pool means the discrete pool consisting of such interests in the related Exchangeable Notes as may be held of record by the Exchange Administrator, from time to time, as a result of exchanges pursuant to Section 3 of this Agreement.
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Examples of MAC Pool in a sentence

  • The Exchange Administrator shall hold and administer, or supervise the administration of, the MAC Pool in substantially the same manner as the Exchange Administrator holds and administers assets of the same or similar type held for its own account or for the account of others.

  • The MAC Pool will be classified as a grantor trust under subpart E, part I of subchapter J of the Code, and the MAC Notes will represent beneficial ownership of interests in the Exchangeable Notes for U.S. federal income tax purposes.

  • The MAC Pool will be classified as a grantor trust under subpart E, part I of subchapter J of the Code, and the MAC Notes will represent beneficial ownership of interests in the Class M Notes for U.S. federal income tax purposes.

  • The MAC Pool will be classified as a grantor trust under subpart E, part I of subchapter J of the Code, and the MAC Notes will represent beneficial ownership of interests in the Original Notes for U.S. federal income tax purposes.

  • The MAC Pool except for Combination 3 (as set forth in Exhibit A hereto) will be classified as a grantor trust under subpart E, part I of subchapter J of the Code, and the MAC Notes except for Combination 3 (as set forth in Exhibit A hereto) will represent beneficial ownership of interests in the Exchangeable Notes for U.S. federal income tax purposes.