Pool Asset definition

Pool Asset means any of, and “Pool Assets” means all of, the Pool Receivables and the Pool Loans.

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Pool Asset means any Eligible Unencumbered Property that has been included in the Unencumbered Pool for all purposes hereunder.

Pool Asset means an asset in the Assets Pool.

Examples of Pool Asset in a sentence

• Except as otherwise provided herein, the Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (including, without limitation, the filing of any financing statement) or with respect to, any Pool Receivable or other Pool Asset, or assign any right to receive income in respect thereof.

• X Pool Asset Administration 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related documents.

• None of the Administrator, the Purchaser Agents and the Purchasers shall have any obligation or liability with respect to any Pool Asset, nor shall any of them be obligated to perform any of the obligations of the Seller or any Originator thereunder.

• The Assuming Institution shall promptly notify the Receiver, at the address provided above in subparagraph (a)(vii), of any claims or legal actions regarding any Pool Asset.

• The Assuming Bank shall promptly notify the Receiver, at the address provided above in subparagraph (a)(vii), of any claims or legal actions regarding any Pool Asset.

• The Administrator, the Purchaser Agents or any of the Purchasers shall not have any obligation or liability with respect to any Pool Asset, nor shall any of them be obligated to perform any of the obligations of the Seller, Servicer, WESCO or the Originators thereunder.

• If the Servicer shall commence a legal proceeding to enforce any rights under any of the Pool Assets or against an Obligor personally in accordance with this Agreement, the Trust shall thereupon be deemed to have automatically assigned its interest in any affected Pool Asset to the Servicer as of the day prior to such commencement, solely for the purpose of and only to the extent necessarily incidental to the enforcement by the Servicer of such rights.

• The Borrower shall not permit any Housing Unit to be leased to a Person unless such Housing Unit is a Rental Pool Asset.

• The Servicer shall hold any such assigned interest in a Pool Asset in trust for the Trust and the same shall be deemed to have been automatically re-assigned to the Trust when the assignment to the Servicer ceases to be necessary for the enforcement by the Servicer of such rights.

• The Seller shall execute and deliver to the Trust such powers of attorney as may be necessary or appropriate to enable the Trust to endorse for payment any cheque, draft or other instrument delivered to the Trust in payment of any amount under or in respect of a Pool Asset.

More Definitions of Pool Asset

Pool Asset means any Asset which has been acquired by the Seller from the Originator pursuant to the Sale Agreement.

Pool Asset means an Asset which the Borrower is permitted to purchase in accordance with Investment Policies and Restrictions and which the Borrower owns free and clear of all Liens (other than Permitted Liens).

Pool Asset means any Eligible Unencumbered Property that has been included in the Unencumbered Pool for all purposes hereunder, and shall include, as of the date hereof, each Pool One Property and Pool Two Property.

Pool Asset means one (1) or more generating units, aggregated generating facilities, load assets, import assets or export assets, identified by a single pool ID the ISO assigns, and registered to a pool participant.

Pool Asset. On any day any Asset in the Asset Pool.