Pool 1A definition
Examples of Pool 1A in a sentence
To Seller’s Actual Knowledge, as of the date hereof, the Owners’ organizational structures are as reflected in Schedule 1 attached hereto and, except for AFR Defeasance Pool 1A, LLC, a subsidiary of Defeasance Securities Owner, since December 1, 2011, no Owner has acquired (or formed any subsidiary in which it holds) any legal or beneficial interest in any other Person.
On each Distribution Date, the Trustee shall first pay or charge as an expense of Pooling REMIC 1 all expenses of the Trust Fund related to Pool 1A and Pool 1B (other than any expenses with respect to the Group 1 Swap Agreement) that are deducted in computing the Interest Remittance Amount for such Distribution Date.
Upon the occurrence of a Pool 1A-1B Termination Event, each REMIC related to Pool 1A and Pool 1B shall be terminated in a manner that shall qualify as a “qualified liquidation” under the REMIC Provisions as evidenced by an Opinion of Counsel provided to the Trustee at the expense of the Trust Fund.
All allocations and distributions made between and with respect to Pool 1A and Pool 1B in this Section 5A.02 shall be made concurrently.
The Class 1-A-5 Certificates are comprised of two components: the Class 1-A-5-1 Component with an initial principal balance of $53,498,000 related to Pool 1A and the Class 1-A-5-2 Component with an initial principal balance of $14,556,000 related to Pool 1B.
Each of the Offered Certificates related to Pool 1A and Pool 1B also represents (i) the right to receive Basis Risk Shortfalls or Unpaid Basis Risk Shortfalls and (ii) the obligation to pay Class I Shortfalls.
On each Distribution Date, the Trustee shall distribute the Prepayment Premiums related to Pool 1A and Pool 1B collected during the preceding Prepayment Period, in the case of Principal Prepayments in full, or during the related Collection Period, in the case of Principal Prepayments in part, to the Pooling REMIC 1 Regular Interest corresponding to the Mortgage Loan with respect to which such amounts were received.
Upon exercise of such option, the property of the Trust Fund in Pool 1A and Pool 1B shall be sold to the Master Servicer for the Pool 1A-1B Purchase Price.
Pooling REMIC 1 shall hold the assets of the Trust Fund related to Pool 1A and Pool 1B, other than any Excluded Trust Assets, and shall issue several uncertificated interests and shall also issue the Class 1-LT-R Certificate, which is hereby designated as the sole residual interest in Pooling REMIC 1.
Pooling REMIC 1 shall issue one uncertificated interest in respect of each Pool 1A and Pool 1B Mortgage Loan held by the Trust on the Closing Date, each of which is hereby designated as a regular interest in Pooling REMIC 1 (the “Pooling REMIC 1 Regular Interests”).