Pool II definition

Pool II. The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool II.

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Pool II. The pool of Mortgage Loans identified in the related Mortgage Loan Schedule as having been assigned to Pool II, including any Eligible Substitute Mortgage Loans delivered in replacement thereof.

Pool II. The pool of Mortgage Loans held by the Trust, as a separate sub-trust, which secure the obligations of the Trust with respect to the Class A-2 Notes, as reflected on the Mortgage Loan Schedule.

Examples of Pool II in a sentence

• The Lower REMIC Interest L-II-A-1, Lower REMIC L-II-A-2 and Lower REMIC Interest L-II-ZZZ shall be Corresponding Classes to these classes of Middle REMIC Interests: M-II-A-1, ▇-▇-▇, ▇-▇-▇, ▇-▇-▇, ▇-▇-▇, ▇-▇-▇ and M-B-6 (provided that with respect to ▇-▇-▇, ▇-▇-▇, ▇-▇-▇, ▇-▇-▇, ▇-▇-▇ and M-B-6, such Lower REMIC Interests shall only correspond to the portion supported by Pool II).

• The original term to maturity of each Mortgage Loan included in Pool I and Pool II shall be 360 months.

• The original term to maturity of each Mortgage Loan in Mortgage Pool II shall be between 120 and 180 months.

• The original term to maturity of each Mortgage Loan included in Pool I, Pool II, Pool III and Pool IV shall be 360 months.

• The original term to maturity of each Mortgage Loan in Pool II shall be 180 months.

• The Holders of a majority of the Percentage Interests represented by the Pool I, Pool II and Pool III Certificates, upon compliance with the requirements set forth in the Pooling and Servicing Agreement, have the right to exercise any trust or power set forth in the Pooling and Servicing Agreement with respect to the Certificates or the Trust Fund.

• On any Distribution Date on which the Pool Principal Balance is less than 10% of the aggregate Cut-off Date Pool Principal Balances of Pool I and Pool II combined, the Master Servicer will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans in the Mortgage Pools at a purchase price determined as provided in the Agreement.

• With respect to Pool I, the Group I Senior Certificates, and with respect to Pool II, the Group II Senior Certificates.

• On any Distribution Date on which the Pool Principal Balance is less than 10% of the aggregate Cut-off Date Pool Principal Balance of Pool I and Pool II combined, the Master Servicer will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans in the Mortgage Pools at a purchase price determined as provided in the Agreement.

• The original term to maturity of each Mortgage Loan included in Pool II shall be 180 months.

More Definitions of Pool II

Pool II means all Accounts which have been assigned to more than two outside collection agencies for collection following charge-off.

Pool II collectively, the Communities identified on Exhibit A-11 as comprising "Pool II." POOL III: collectively, the Communities identified on Exhibit A-11 as comprising "Pool III."

Pool II. The mortgage pool consisting of conventional second lien, fixed and adjustable rate Mortgage Loans.

Pool II. The pool of Home Equity Loans identified in the related Schedule IB as having been assigned to the Pool II, including any Qualified Replacement Mortgages delivered in replacement thereof.

Pool II means, the pool of adjustable rate Mortgage Loans indicated as being contained in Pool II on the List of Loans.

Pool II shall have the meanings set forth in the Sale and Servicing Agreement.