Pool Assets definition
Examples of Pool Assets in a sentence
The Administrator, for the benefit of the Purchasers, shall have, with respect to the Pool Assets, and in addition to all the other rights and remedies available to the Administrator and the Purchasers, all the rights and remedies of a secured party under any applicable UCC.
Except as expressly set forth herein and in the other Transaction Documents, the Administrator shall not agree in writing to release all or a material portion of the Pool Assets from its security interest created hereunder without the consent of all Purchaser Agents.
No SPE will permit funds other than (i) Collections on Pool Receivables and other Pool Assets, (ii) [reserved] and (iii) Excluded FEMA Collections to be deposited into any Collection Account.
If at any time any Pool Asset becomes Embargoed Property, in addition to all other rights and remedies available to the Purchasers, upon request by the Administrator or any of the 1752829385.28 Purchasers, such Servicer shall provide substitute Pool Assets acceptable to the Administrator and the Purchasers that is not Embargoed Property.
The Administrator (on behalf of the Purchasers, Purchaser Agents and any other Indemnified Party or Affected Person) may exercise remedies against each of the U.S. SPE and the UK SPE and its property (including the Pool Assets) separately, whether or not the Administrator exercises remedies against the other SPE or their property.