Pool Loan definition

Pool Loan means a Loan in the Loan Pool sold or purported to be sold by the applicable Originator to the Seller pursuant to the Sale Agreement.

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Pool Loan means, as of any date, the Loans that have been (or are to be) transferred and assigned to the Borrower pursuant to the Purchase Agreement and the other Conveyance Papers (whether by way of substitution or otherwise), together with the related Loan Documents, exclusive of Loans that have been repurchased by PMC or the Servicer on or prior to such date in accordance with the terms of this Agreement, the Servicing Agreement and the Purchase Agreement. The Pool Loans included in the Collateral at any time shall be identified on the Loan Schedule.

Pool Loan means each Loan that is listed on the Pool Loan Schedule on the Closing Date and Additional Pool Loans that are listed from time to time on such Pool Loan Schedule.

Examples of Pool Loan in a sentence

• The dollar-weighted average interest rate of a Pool Certificate calculated by mul- tiplying the interest rate of each Loan Interest in the Pool by the ratio of that Loan Interest’s current out- standing principal in the SBA-▇▇▇▇▇▇- ▇▇▇▇ portion of the Pool (that is, the portion of the Pool Loan backing the Pool Certificates) to the current aggre- gate or outstanding principal of each Loan Interest in the SBA-guaranteed portion of the Pool, and adding the sum of the resulting products.

• The amount of a Pool Loan interest pay- ment retained by Seller for servicing the Pool Loan that is payable and cal- culated pursuant to the First Lien Po- sition 504 Loan Pool Guarantee Agree- ment.

• The Pool Loan sold to a Pool Originator pursuant to the First Lien Position 504 Loan Pool Guarantee Agreement.

• Under the terms of the Co-Lender Agreement, the servicer of the Series 1998-▇▇ ▇▇ will perform the functions of the Master Servicer for both the Americold Pool Loan and the Other Americold Pool Loan and the special servicer for the Series 1998-▇▇ ▇▇ will, to the extent necessary, specially service both the Americold Pool Loan and the Other Americold Pool Loan, in each case under the terms of the Co-Lender Agreement and the Series 1998-▇▇ ▇▇ Pooling Agreement.

• For the avoidance of doubt, (x) a Clearing Fund Pool Loan and a Company Pool Loan can be a Revolving Loan or a Swingline Loan, subject to the terms and conditions set forth in the Loan Documents and (y) the provision of Swingline Loans by any Swingline Bank shall be in addition to, and shall not relieve such Bank from its obligation to make Revolving Loans ratably in proportion to the amount of, its Commitment.

• The Issuer shall cause the Master Servicer to amend the Series 2002-1 Loan Schedule to reflect the removal of such Schedule 1-A Pool Loan and the substitution of the Qualified Substitute Loan or Qualified Substitute Loans and the Issuer shall cause the Master Servicer to deliver the amended Series 2002-1 Loan Schedule to the Issuer and the Trustee and Collateral Agent.

• If the Depositor elects to substitute a Loan for a Schedule 1-A Pool Loan which is a Series 2002-1 Pledged Loan, then the Issuer may, as provided in (b) below, obtain a release of such Loan from the Lien of this Supplement and substitute in place of such released Series 2002-1 Pledged Loan a Qualified Substitute Loan or Qualified Substitute Loans.

• The Series 2002-1 Pool Loan Schedule sets forth a list of all Series 2002-1 Pool Loans as of the Closing Date and indicates whether each such Loan shall be designated a Schedule 1-A Pool Loan or a Schedule 1-B Pool Loan.

• The Other Americold Pool Loan is included in a trust fund created in connection with the issuance of the Seller's Commercial Mortgage Pass-Through Certificates, Series 1998-▇▇ ▇▇ ("Series 1998-▇▇ ▇▇").

• The Depositor may not change the designation of any Pool Loan from a Schedule 1-B Pool Loan to a Schedule 1-A Pool Loan.

More Definitions of Pool Loan

Pool Loan means the loan being made by the Authority to the Board pursuant to this Agreement.

Pool Loan means, for each Series, each Loan that is listed on the applicable Pool Loan Schedule on the Closing Date for the related Series and Additional Pool Loans that are listed from time to time on such Pool Loan Schedule.

Pool Loan means the loan evidence by the Pool Note.

Pool Loan means a Loan in the Loan Pool.