MACR Pool definition

MACR Pool. With respect to any Series that includes MACR Certificates, a discrete pool included in the related Trust Fund (but not in any REMIC Pool), consisting of such interests in the related Regular Classes as may be held of record by the Administrator, from time to time, as a result of exchanges pursuant to Section 2.06 of this Agreement.
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MACR Pool. With respect to any Series that includes MACR Certificates, a discrete pool included in the related Trust Fund (but not in any REMIC Pool), consisting of such interests in the related Regular Classes as may be held of record by the Administrator, from time to time, as a result of exchanges pursuant to Section 2.06 of this Agreement. MBS: Securities designated as “MBS” issued by ▇▇▇▇▇▇▇ Mac under the UMBS and MBS Offering Circular. MBS Mirror Certificates: Securities designated as “MBS Mirror Certificates” issued by ▇▇▇▇▇▇▇ Mac under the Mirror Certificates Offering Circular.
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MACR Pool. With respect to any Series that includes MACR Certificates, a discrete pool formed by ▇▇▇▇▇▇▇ Mac consisting of such interests in the related Regular Classes as may be held of record by ▇▇▇▇▇▇▇ Mac, from time to time, as a result of exchanges pursuant to Section 2.06 of this Agreement.
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Examples of MACR Pool in a sentence

  • Any duplicate Certificate so issued shall constitute complete and indefeasible evidence of ownership of that portion of the Regular Interest or Residual Interest of the related REMIC Pool, or that portion of the related MACR Pool, represented thereby, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

  • With respect to any Series, except as otherwise provided in Articles VI, VII and VIII and Sections 9.05 and 9.06, no Holder shall have any right to vote or in any manner otherwise control the administration, operation and management of any REMIC Pool, MACR Pool or the Assets, or the obligations of the parties hereto.

  • The Administrator (on behalf of the Trustee) shall act as the representative of Holders in the control, management and administration of the Assets in each REMIC Pool and of any REMIC Certificates held in each MACR Pool.

  • As to each MACR Pool, the designations, maximum Original Principal Amounts, Class Coupons (if any) and other specific characteristics of each MACR Class shall be as provided in the related Terms Supplement.

  • The Administrator shall act as the representative of Holders in the control, management and administration of the Assets in each REMIC Pool and of any REMIC Certificates held in each MACR Pool.

  • Sale of a MACR Certificate shall constitute a sale, assignment, transfer and conveyance by ▇▇▇▇▇▇▇ Mac to the Holder of a beneficial ownership interest in the related MACR Pool, to the extent of the interest therein represented by such MACR Certificate.

  • This Multiclass Certificates Agreement (including, with respect to each REMIC Pool and each MACR Pool, the related Terms Supplement), as it may be amended or supplemented from time to time.

  • Without limiting the generality of the preceding sentence, the arrangements creating each REMIC Pool and, if applicable, MACR Pool for each Series of Certificates heretofore issued are hereby declared to constitute a trust for such Series, for which ▇▇▇▇▇▇▇ Mac is Trustee, and each reference to “▇▇▇▇▇▇▇ Mac” in any such prior agreement shall be construed as a reference either to ▇▇▇▇▇▇▇ Mac as Trustee or to ▇▇▇▇▇▇▇ Mac in its corporate capacity, as the context may dictate.

  • Except as provided in Section 8.05(c) of this Agreement, with respect to any REMIC Pool or MACR Pool formed pursuant to the terms hereof, any provision of this Agreement may be amended by ▇▇▇▇▇▇▇ Mac with the written consent of the Holders representing not less than 50 percent of the then outstanding principal amount of each Class aÅected by such amendment.

  • Any duplicate CertiÑcate so issued shall constitute complete and indefeasible evidence of ownership of that portion of the Regular Interest or Residual Interest of the related REMIC Pool, or that portion of the related MACR Pool, represented thereby, whether or not the lost, stolen or destroyed CertiÑcate shall be found at any time.


More Definitions of MACR Pool

MACR Pool means the arrangement under which MACR Classes are created.
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MACR Pool. With respect to any Series that includes MACR Certificates, a discrete pool included in the related Trust Fund (but not in any REMIC Pool), consisting of such interests in the related Regular Classes as may be held of record by the Administrator, from time to time, as a result of exchanges pursuant to Section 2.06 of this Agreement. MBS: Securities designated as “MBS” issued by ▇▇▇▇▇▇▇ Mac under the UMBS and MBS Offering Circular. MBS Mirror Certificates: Securities designated as “MBS Mirror Certificates” issued by ▇▇▇▇▇▇▇ Mac under the Mirror Certificates Offering Circular. Megas: A particular type of securities issued by ▇▇▇▇▇▇ Mae under the applicable ▇▇▇▇▇▇ ▇▇▇ Offering Materials.
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Related to MACR Pool

  • Cover Pool means the cover pool constituted by, collectively, any Eligible Assets and Top-Up Assets held by the Guarantor in accordance with the provisions of the Securitisation and Covered Bond Law, the Decree No. 310 and the Bank of Italy Regulations.

  • Fund/SERV Eligible Unit Servicing Agent means FTP Services LLC or any successor Fund/SERV Eligible Unit servicing agent appointed as hereinafter provided."

  • Mortgage Pool The pool of Mortgage Loans, identified on Schedule 1 from time to time, and any REO Properties acquired in respect thereof.

  • Pool means a voluntary arrangement, established on an ongoing basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis. The pool may operate through an association, syndicate, or other pooling agreement.

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.