Pooled Component definition
Examples of Pooled Component in a sentence
In addition, all amounts of Mortgage Deferred Interest on a Componentized Mortgage Loan allocated to the respective Pooled Component and Non-Pooled Component will reduce the amount of interest entitlement distributable pursuant to the allocations described above.
The Uncertificated Centreville Square Interests will have Original Centreville Square Principal Amounts equal to, in the case of the Class CS-P Uncertificated Interest, the Pooled Component of the Centreville Square Mortgage Loan and, in the Case of the Class CS-NP Uncertificated Interest, the Non-Pooled Component of the Centreville Square Mortgage Loan.
Loan-Specific Collateral Support Deficits with respect to a Componentized Mortgage Loan will be allocated, first, to the related Non-Pooled Component up to its principal balance and, then, to the related Pooled Component, with any such amounts allocated to the Pooled Component reducing the Stated Principal Balance of the related Componentized Mortgage Loan for purposes of the above calculation of Collateral Support Deficit.
The Class CS-P Uncertificated Interest shall be deemed to have received the distributions and allocations actually distributed to or allocated to the Pooled Component pursuant to Section 3.35.
In addition, all amounts of Mortgage Deferred Interest on the Componentized Mortgage Loan allocated to the respective Pooled Component and Non-Pooled Component will reduce the amount of interest entitlement distributable pursuant to the allocations described above.
Pooled Component: Any of the 44 components of the Pooled Securities, as more particularly set forth on Schedule A attached hereto as it may be amended from time to time (excluding from and after the respective date of repurchase any Pooled Components relating to Deleted Pooled Securities.
On each Distribution Date, the Certificate Balances of the Class BM Certificates and the Battlefield Mall Pooled Balance of the Battlefield Mall Pooled Component will be reduced without distribution as a write-off to the extent of any Battlefield Mall Collateral Support Deficit, if any, allocable to such Certificates or Battlefield Mall Pooled Component with respect to such Distribution Date.
On each Distribution Date, the Certificate Balance of the Class WM Certificates and the Walgreens Pooled Balance of the Walgreens Pooled Component will be reduced without distribution as a write-off to the extent of any Walgreens Collateral Support Deficit, if any, allocable to such Certificates or Walgreens Pooled Component with respect to such Distribution Date.
With respect to an Appraisal Reduction on the Concord Mills Mortgage Loan, such Appraisal Reduction will be applied, prior to ▇▇▇ application of such Appraisal Reduction to the Concord Mills Pooled Component, first to the Class CM-3 Certificates, second to ▇▇▇ Class CM-2 Certificates, and third to the Class CM-1 Certificates, and then to the Regular Certificates in respect of the Concord Mills Pooled Component in the priority set forth in the first sentence ▇▇ ▇▇is Section 4.05.
With respect to an Appraisal Reduction on the Battlefield Mall Mortgage Loan, such Appraisal Reduction will be applied, prior to any application of such Appraisal Reduction to the Battlefield Mall Pooled Component, first to the Class BM-3 Certificates, second to the Class BM-2 Certificates, third to the Class BM-1 Certificates, and then to the Regular Certificates in respect of the Battlefield Mall Pooled Component in the priority set forth in the first sentence of this Section 4.05.