Pool definition

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.

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Pool means any artificial water holding structure with a closed-loop circulation of water through a water treatment system with a return to the structure.

Pool means an underground reservoir containing a common accumulation of oil and gas or both; each zone of a structure that is completely separated from any other zone in the same structure is a pool.

Examples of Pool in a sentence

If the Pool represents 90% of the Sponsor Securities as of Closing, the cap of the Call Option Consideration shall be $14,000,000: If the Call Portion is 90%, the Call Option Consideration shall be ($14,000,000 x 90%) minus the Deposit.
Further, Executive acknowledges that a primary and necessary source of replacement of the skills of Executive and/or a member of the Leadership Pool are the other members of the Leadership Pool.
The parties hereto acknowledge that the rights of CAC or its assigns, pursuant to the Dealer Agreements, to set off Collections received with respect to a Pool against the outstanding balance under any other Pool are not intended, and should not be permitted, to be used to prejudice the collateral position of any of the parties hereto, and therefore the exercise of such rights should be limited to Back-end Dealer Payments.
Pursuant to the terms of the various Dealer Agreements between CAC and the Dealers, Collections from a particular Pool are first used to pay certain collection costs, CAC’s servicing fee and to pay back the Pool’s Advance balance.
After the Advance balance under such Pool has been reduced to zero, the Dealer to whom the Pool relates has a contractual right under the related Dealer Agreement to receive a portion of any further Collections with respect to the Pool (such portion of further Collections otherwise payable to the Dealer is referred to herein as “Back-end Dealer Payments”), subject to CAC’s right of offset as described in paragraph AA below.

More Definitions of Pool

Pool means the Health Insurance High Risk Pool;

Pool means an underground reservoir containing a common accumulation of oil or gas or both. Each zone of a general structure that is completely separated from any other zone in the structure is a separate pool. "Common source of supply" and "reservoir" are synonymous with "pool."

Pool means an underground reservoir containing a common accumulation of oil or gas, or both, but does not include a gas storage reservoir. Each zone of a geological structure that is completely separated from any other zone in the same structure may contain a separate pool.

Pool means an underground reservoir containing

Pool means the Lending Facility Pool or a Designated Pool, as applicable.

Pool means any water receptacle designed for decorative purposes or used for swimming or as a bath or hot tub designed to accommodate more than one bather at a time.

Pool options will be used when more than one employee in the same classification, with the same skills and abilities, within the same layoff unit are laid off at the same time, and there are at least the same number of options available as the number of employees comprising the “pool.” All employees in the “pool” are offered the same options and asked to make their selections in order of preference. The option will be awarded based on seniority.