Pooled Assets definition

Pooled Assets means all Unallocated Assets for which no allocation methodology is provided for in Section 2.2(a) through (i), including the Assets identified on Item 4 of Sched- ule 1.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Pooled Assets shall include the following Assets of CRR, CRC and their respective Affiliates:

Pooled Assets shall have the meaning set out in Article 8.

Examples of Pooled Assets in a sentence

• During the term of the Agreement, Polca shall in its own name (i) make any short-term investments in financial instruments and/or term deposits depending on the proceeds from the Pooled Assets and the total Cash Surpluses net of Cash Shortfalls (hereinafter the “Investments”) and (ii) credit or debit the Concentration Account to this end.

• For the present purposes, the total amount of Investments and total amount of Advances provided for by Article 8 shall be considered the Pooled Assets.

• The Issuer hereby makes the following representations and warranties with respect to the Pooled Assets set forth on Schedule A hereto, in each case to the best of its knowledge: a.

• The information set forth in the Schedule of Pooled Assets is true and correct in all material respects at the date or dates respecting which such information is furnished; b.

• The Issuer acquired the Pooled Assets in good faith, without notice of any adverse claim; e.

• In addition, in the event that the Pooled Securities are not sold pursuant to the Elective Purchase Agreement or the foregoing procedures, then the Trustee shall sell the Pooled Assets pursuant to the Conditional Asset Purchase Agreement.

• The aggregate scheduled rental payments under the Pooled Assets securing Series 6 Bonds during the six-month periods ending on each Supplemental Payment Date for Bonds of such Series to and including the final Stated Maturity of the Series 6 Bonds after deducting all Servicer's fees and Trustee's fees respecting such Pooled Assets and Series 6 Bonds accruing during such period equal or exceed the principal of and interest on the Series 6 Bonds which are due and payable on such Semiannual Payment Date.

• The aggregate scheduled rental payments under the Pooled Assets securing Series 7 Bonds during the six-month periods ending on each Supplemental Payment Date for Bonds of such Series to and including the final Stated Maturity of the Series 7 Bonds after deducting all Servicer's fees and Trustee's fees respecting such Pooled Assets and Series 7 Bonds accruing during such period equal or exceed the principal of and interest on the Series 7 Bonds which are due and payable on such Semiannual Payment Date.

More Definitions of Pooled Assets

Pooled Assets means assets that are grouped or pooled based on the nature, characteristics, geographical location, maturity, types of products and services they offer, risk profile and other similar traits with the purpose of establishing the collective loss provisioning;

Pooled Assets means assets that are grouped or pooled in accordance with article 2.7. of this regulation with the purpose of establishing the collective loss provisioning;