Definition of Original Pool Balance


Original Pool Balance means $1,000,000,001.37.


Original Pool Balance means the Pool Balance as of the Cutoff Date.

Original Pool Balance means the aggregate Principal Balance of the Receivables on the Cut-off Date.

Examples of Original Pool Balance in a sentence

Subject to Section 10.1(a) of the Indenture, on the last day of any Collection Period as of which the Pool Balance shall be less than or equal to 10% of the Original Pool Balance, the Servicer and the Seller each shall have the option to purchase the Owner Trust Estate, other than the Trust Accounts; provided, however, that the amount to be paid for such purchase (as set forth in the following sentence) shall be sufficient to pay the full amount of principal, and interest then due and payable on the Notes.
AmeriCredit shall not cause or permit the substitution of Financed Vehicles relating to Receivables having an original aggregate Principal Balance greater than two percent (2%) of the Original Pool Balance, (the “Substitution Limit”).
On the Payment Date following the last day of any Collection Period as of which the Pool Balance is 10% or less of the Original Pool Balance, the Servicer or any successor to the Servicer shall have the option to purchase the Owner Trust Estate, other than the Accounts and the Certificate Distribution Account.
On each Payment Date following the last day of a Collection Period as of which the Pool Balance shall be less than the Optional Purchase Percentage multiplied by the Original Pool Balance, the Servicer, or any successor to the Servicer, shall have the option to purchase, as of the end of the immediately preceding Collection Period, the corpus of the Trust Estate for an amount equal to the Optional Purchase Price.
On each Distribution Date following the last day of a Collection Period as of which the Pool Balance shall be less than or equal to the Optional Purchase Percentage multiplied by the Original Pool Balance, NMAC, as Servicer, shall have the option to purchase, or cause to be purchased (the “ Optional Purchase”), the Collateral (other than the Reserve Account) for an amount equal to the Optional Purchase Price.



More definitions of Original Pool Balance

Original Pool Balance means $[__________].


Original Pool Balance means, as of any date of determination, the sum of (i) the Pool Balance as of the Initial Cutoff Date ($105,333,585.72) and (ii) the aggregate Principal Balance of Subsequent Receivables, if any, as of their respective Subsequent Cutoff Dates.

Original Pool Balance means the sum, as of any date, of the Pool Balance as of the Initial Cutoff Date, plus the aggregate Principal Balance of the Subsequent Receivables, if any, sold to the Trust, as of their respective Subsequent Cutoff Dates.

Original Pool Balance means the aggregate of the Principal Balances of the Receivables as of the Cut-off Date.

Original Pool Balance means the aggregate Principal Balance of the Receivables as of the Cutoff Date.

Original Pool Balance means the aggregate Principal Balance of the Contracts as of the Initial Cut-off Date.

Original Pool Balance means $[1,054,454,800.94].