Pooled Mortgage Loan definition
Pooled Mortgage Loan means any (a) Mortgage Loan that is subject to a Transaction hereunder and is part of a pool of Mortgage Loans certified by the Custodian to an Agency for the purpose of being swapped for an Agency Security backed by such pool, in each case, in accordance with the terms of guidelines issued by such Agency and (b) any Agency Security to the extent received in exchange for, and backed by a pool of, Mortgage Loans subject to a Transaction hereunder.
Pooled Mortgage Loan. Any Mortgage Loan that is part of a Pool of Mortgage Loans certified by the Custodian to an Agency that will be exchanged on the related Settlement Date for a Mortgage-Backed Security backed by such Pool in accordance with the terms of the applicable Agency Guide.
Pooled Mortgage Loan. Each of the Original Pooled Mortgage Loans and Replacement Pooled Mortgage Loans that are from time to time held in the Trust Fund, including any such mortgage loan that has been wholly or partially defeased. As used herein, the term "Pooled Mortgage Loan" includes the related Mortgage Loan Documents.
Examples of Pooled Mortgage Loan in a sentence
With respect to each Pooled Mortgage Loan being placed in an Agency Security, no Security Issuance Failure shall have occurred.
Seller makes the following representations and warranties to Buyer with respect to each Pooled Mortgage Loan, as of the Purchase Date for such Mortgage Loan and at all times while such Pooled Mortgage Loan is subject to a Transaction hereunder.
The Cut-off Date Principal Balance respecting each Pooled Mortgage Loan shall be at least equal to the original unpaid principal balance of the Agency Security for the Pooled Mortgage Loans designated to be issued.
More Definitions of Pooled Mortgage Loan
Pooled Mortgage Loan includes the related Mortgage Loan Documents.
Pooled Mortgage Loan means an Eligible Mortgage Loan (i) as to which 100% of the beneficial interests therein are evidenced by a Participation Certificate and (ii) as to which the Mortgage Loan Custodian has certified or will certify to the Applicable Agency that such Mortgage Loan meets all of the criteria specified in the related Agency Guidelines for the securitization of mortgage loans of that type and that such Mortgage Loan has been pooled or will be pooled in a Loan Pool for the purpose of backing an Agency Security.
Pooled Mortgage Loan and “Trade Assignment” as set forth below:
Pooled Mortgage Loan. Each Mortgage Loan which is identified on Schedule 1 to the Seller's closing certificate and which is serviced pursuant to a MBS Servicing Agreement and owned by the related Investors in a pass-through format.
Pooled Mortgage Loan shall refer to an Agency Mortgage Loan that is included in a pool designated to back an Agency Security and with respect to which the Custodian has made an initial certification to the related Agency;
Pooled Mortgage Loan. Any Underlying Asset that is part of a Pool of Underlying Assets certified by the Custodian (or in the case of ▇▇▇▇▇▇ Mae, certified by The Bank of New York Mellon Trust Company) to an Agency that will be exchanged on the related Settlement Date for a Mortgage-Backed Security backed by such Pool in accordance with the terms of the applicable Agency Guide.
Pooled Mortgage Loan means any (a) Mortgage Loan that is subject to a Transaction hereunder and is part of a pool of Mortgage Loans certified by the Custodian to an Agency for the purpose of being swapped for an Agency Security backed by such pool, in each case, in accordance with the terms of guidelines issued by such Agency and (b) any Agency Security to the extent received in exchange for, and backed by a pool of, Mortgage Loans subject to a Transaction hereunder. “Pooling Documents” shall mean each of the schedules, forms and other documents (other than the Mortgage Note) required to be delivered by or on behalf of Seller with respect to a Pooled Mortgage Loan to an Agency and/or Buyer and/or Custodian, as further described in the Custodial and Disbursement Agreement. 20