Pool IV definition

Pool IV. The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool IV.
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Pool IV collectively, the Communities identified on Exhibit A-11 as comprising "Pool IV." POOL V: collectively, the Communities identified on Exhibit A-11 as comprising "Pool V."
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Examples of Pool IV 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 Mortgage Loans that from time to time constitute part of the Trust Fund shall be divided into four separate sub-trusts, one for the Pool I Mortgage Loans, one for the Pool II Mortgage Loans, one for the Pool III Mortgage Loans and one for the Pool IV Mortgage Loans.

  • 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, Pool II, Pool III and Pool IV 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 Servicer is also authorized to enter into a substitution of liability agreement with such person, pursuant to which the original Mortgagor is released from liability and such person is substituted as Mortgagor and becomes liable under the Mortgage Note; provided, however, that if any such Mortgaged Property shall constitute a part of either Pool I or Pool IV, the Servicer must obtain the prior approval of the Certificate Insurer.

  • From and after the occurrence of a Servicing Delinquency Trigger (i) with respect to Pool I or Pool IV, the Certificate Insurer or (ii) with respect to Pool II or Pool III, the Majority Certificateholders of Pool II and Pool III Certificates taken together may, upon written notice to the Trustee, the Co-Trustee and the Rating Agencies and in the case of clause (ii) with the consent of the Certificate Insurer, replace the Servicer and/or the Claims Administrator with a successor.

  • Additionally, on the Special Remittance Date the Trustee shall, based upon information received from the Servicer, forward to the Certificateholders and the Rating Agencies, a report setting forth the amount of principal and interest, if any, being paid to each Class of Certificates on the Special Remittance Date, and to the Certificate Insurer, a report setting forth such information only with respect to the Pool I and Pool IV Certificates.

  • The Servicer will advance the necessary funds to cure the default or reinstate the superior lien, if such advance is in the best interests of the Certificate Insurer, in the case of Pool I or Pool IV Mortgage Loans, and the related Certificateholders.

  • The Servicer shall immediately notify the Trustee (and, with respect to a Pool I or Pool IV Mortgage Loan, the Certificate Insurer and, with respect to a Pool III Mortgage Loan, the Co-Trustee) of any such action or circumstances.

  • Each Pool I or Pool IV Certificateholder shall promptly (i) notify the Trustee in writing upon the receipt of a court order to the effect that any amounts described in Clause (iv) of the definition of Pool Remittance Amount constitute a voidable preference pursuant to the United States Bankruptcy Code and (ii) shall enclose a certified copy of such order with such notice to the Trustee.

  • Notwithstanding the foregoing, if an Event of Nonpayment with respect to Pool I or Pool IV will occur with respect to a Remittance Date and funds are on deposit in the Spread Account, the amount of the Insured Payment shall be reduced up to the amount then on deposit in the Spread Account.

Related to Pool IV

  • 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.

  • Pool 1 The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 1.

  • 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.