Pool III definition

Pool III. The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool III.
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Pool III. The pool of Mortgage Loans identified in the related Mortgage Loan Schedule as having been assigned to Pool III, including any Eligible Substitute Mortgage Loans delivered in replacement thereof.
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Pool III. 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-3 Notes, as reflected on the Mortgage Loan Schedule.
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Examples of Pool III in a sentence

  • 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 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.

  • Subject to this Article XII, the Trustee (or, with respect to the Pool III Mortgage Loans, the Co-Trustee) agrees to comply with the terms of each Custodial Agreement and to enforce the terms and provisions thereof against the Custodian for the benefit of the Certificateholders and the Certificate Insurer.

  • The Servicer shall, upon request of the Trustee but at the expense of the Servicer, deliver to the Trustee (or, with respect to the Pool III Mortgage Loans, the Custodian) all documents and records (including computer tapes and diskettes) relating to the Mortgage Loans and an accounting of amounts collected and held by the Servicer and otherwise use its best efforts to effect the orderly and efficient transfer of servicing rights and obligations to the assuming party.

  • Upon receipt of a certificate of a Servicing Officer stating that such Mortgage Loan was liquidated, the servicing receipt shall be released by the Trustee (or, with respect to the Pool III Mortgage Loans, the Custodian) to the Servicer.

  • The Custodian shall be responsible hereunder solely for the express duties and functions specified for it herein with respect to the custody, review and confirmation, safekeeping, substitution and release of the Trustee's Mortgage Files relating to the Pool III Mortgage Loans.

  • The [Trustee] [Custodian] makes no representations as to: (i) the validity, legality, enforceability or genuineness of any such documents contained in each or any of the [Mortgage Loans] [Pool III Mortgage Loans] identified on the Mortgage Loan Schedule, or (ii) the collectability, insurability, effectiveness or suitability of any such [Mortgage Loan] [Pool III Mortgage Loan].

  • Upon receipt of such certification and request, the Trustee (and, with respect to the Pool III Mortgage Loans, the Custodian) shall promptly release the related Trustee's Mortgage File to the Servicer.

  • Except as otherwise specifically provided herein, whenever action, consent, approval or delivery to or from the Trustee is required under this Agreement in connection with a Pool III Mortgage Loan, such action, consent, approval or delivery to or from shall be taken or made by the Co-Trustee.

  • The Trustee may (or, with respect to the Pool III Mortgage Loans, the Co-Trustee may), with the consent of the Servicer, appoint one or more Custodians to hold all or a portion of the Trustee's Mortgage Files as agent for the Trustee (or, with respect to the Pool III Mortgage Loans, the Co-Trustee), by entering into a Custodial Agreement.


More Definitions of Pool III

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

  • Pool 3 The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 3.

  • Pool 2 The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 2.

  • 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.

  • Asset Pool Supplement means the Second Amended and Restated Asset Pool One Supplement to the Indenture, dated as of December 19, 2007, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent.

  • Asset Pool means a pool of cash-flow generating assets in which an issuer of a securitized product has a direct or indirect ownership or security interest;