Definition of Pooled Notes


Pooled Notes means, collectively, the Note and the Affiliate Note.
Sample 1

Examples of Pooled Notes in a sentence

The Security Instruments provide, without limitation, that upon the occurrence of an event of default under the terms and conditions of any of the Pooled Loans, Lender shall be entitled to exercise any and all remedies under any Security Instrument and/or mortgages, deeds to secure debt, or deeds of trust securing the Pooled Loans, including but not limited to, accelerating each of the Pooled Notes and conducting a foreclosure sale on any one or more of the Pooled Properties.
The Security Instruments provide, without limitation, that upon the occurrence of an Event of Default, under the terms and conditions of any of the Pooled Loans, Lender shall be entitled to exercise any and all remedies under any Security Instrument and/or mortgages, deeds to secure debt, or deeds of trust securing the Pooled Loans, including but not limited to, accelerating each of the Pooled Notes and conducting a foreclosure sale on any one or more of the Pooled Properties.
It is anticipated that the MAV2 Pooled Notes - and specifically Classes A-1 and A-2 - will continue to miss interest payments as long as the prevailing interest rates remain at the currently very low levels.
The MAV2 Pooled Notes Classes A-1 and A-2 accrue interest at a rate of 3-month CDOR minus 50 basis points.
On August 11, 2009, Dominion Bond Rating Service ('DBRS') downgraded the MAV2 A-2 Pooled Notes to BBB (low) with a negative outlook.