Pool Payment definition

Pool Payment. Subject to the Deductible Amount and the Aggregate Loss Limit, the amount of loss payable to the Indenture Trustee on each individual claim shall be the total of: (1) the unpaid principal balance at the time of an Approved Sale on such Mortgaged Property, (2) the amount of the accumulated delinquent interest computed to the date of claim settlement at the related Mortgage Rate and (3) the amount of advances made on behalf of the Insured (as described in Pool Insurance Policy) less the net proceeds upon an Approved Sale on such Mortgaged Property.
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Examples of Pool Payment in a sentence

  • Subject to the Pool Payment Obligation Limit, the Pools will be established with primary consideration given to diversity within Pools across geographies, communities and home types.

  • Lennar shall propose the structure of each Pool (and modifications to existing Pools to ensure the Pool Payment Obligation Limit is not exceeded and/or in connection with the admission of new Properties to an existing Pool) and Owner shall be entitled to approve the Pool structure, which approval shall not be unreasonably withheld, conditioned, or delayed.

  • For all future Admitted Properties, as to any Pool, ▇▇▇▇▇▇’s Total Payment Obligation (as defined below) shall not at any time exceed Twenty-five Million Dollars ($25,000,000) (the “Future Pool Payment Obligation Limit”, together with the Initial Pool Payment Obligation Limit, the “Pool Payment Obligation Limit”).

  • In the event any Pool now or hereinafter exceeds the Pool Payment Obligation Limit, then Lennar and Owner shall modify such Pool and the applicable Multiparty Cross Agreement as necessary to ensure the Pool does not exceed the Pool Payment Obligation Limit.

  • As to any Pool, ▇▇▇▇▇▇’s Total Payment Obligation (as defined below) for Initial Properties shall not at any time exceed Fifty Million Dollars ($50,000,000) (the “Initial Pool Payment Obligation Limit”).

  • The aggregate of all Tax Pool Payments (and deemed Tax Pool Payments pursuant to Section 6.7) to the Vendor shall not exceed a maximum amount (the "Maximum Tax Pool Payment").

  • The Maximum Tax Pool Payment will be pro-rated downwards if the Tax Pool Amount is less than $50,000,000.

  • Notwithstanding anything to the contrary contained herein, the Parties hereby acknowledge and agree that Buyer shall assume and be responsible for, or cause the Company after the Closing to assume and be responsible for, (i) the Assumed Bonus Pool Payment Amount and (ii) the Assumed LTIP Payment Amount.

  • The Colombian Subsidiary (but not the Branch of the Colombian Subsidiary) shall pay the Vendor twenty-five percent (25%) (a "Tax Pool Payment") of any amount otherwise payable by the Colombian Subsidiary to the appropriate Colombian Governmental Entity responsible for tax matters (the "Colombian Tax Authority") but for the utilization by the Colombian Subsidiary of any portion of the Tax Pools Balance.

  • If neither of the Sellers timely objects to the Final Earn-Out Payment Statement, then the Full-Term Earn-Out Payment, the Brincko Earn-Out Payment Floor, the Employee Bonus Pool Payment, and the Employee Bonus Pool Reduction, as applicable, shall be as set forth in the Final Earn-Out Payment Statement.

Related to Pool Payment

  • Change of Control Payment has the meaning set forth in Section 4.01(b).

  • Change of Control Payments means the aggregate amount of all change of control or bonus payments that are payable by the Company and its Subsidiaries to any Person solely as a result of the consummation of the Closing, together with any employer-paid portion of any employment and payroll taxes related thereto; provided, however, that in no event shall any (a) retention payments made pursuant to any Employment Agreement or (b) any severance payments made to employees who are terminated on or after the Closing Date be considered Change of Control Payments.

  • Change in Control Payment means any payment or distribution by the Corporation in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of Executive that is contingent on a Change in Control, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise.

  • Change in Control Payments means any amounts payable by the Company, the Final Surviving Corporation or their Subsidiaries at or at any time after the Closing (or, to the extent such amounts are unpaid as of immediately prior to the Closing, at any time prior to the Closing) as a result of the execution and delivery of this Agreement or the consummation of the First Merger (whether or not conditioned upon a related or concurrent or subsequent termination of employment or the occurrence of any other event), plus the employer’s share of Taxes payable with respect to all such amounts.

  • Change of Control Payment Date has the meaning provided in Section 4.15.