Pooled Principal Balance Certificates definition
Examples of Pooled Principal Balance Certificates in a sentence
All distributions made in respect of principal of any Class of Non-Vertically Retained Pooled Principal Balance Certificates or in respect of principal of the Class VRR Upper-Tier Regular Interest on each Distribution Date pursuant to Section 4.01(b), Section 4.01(c) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of principal of its Corresponding Lower-Tier Regular Interest set forth in the Preliminary Statement hereto.
I was able to speak with him on two occasions and he gave me his email to send my inquiries to but he has yet to respond to my emails.
All distributions made in respect of principal of any Class of Pooled Principal Balance Certificates on each Distribution Date pursuant to Section 4.01(b), Section 4.01(c) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of principal of its Corresponding Lower-Tier Regular Interest set forth in the Preliminary Statement hereto.
Copies of any environmental assessment prepared pursuant to Section 3.10(e) of this Agreement shall be provided to the Holder of any Pooled Principal Balance Certificates and any related Serviced Companion Loan Holder upon written request to the Special Servicer.
All reductions in the Class Principal Balances of the respective Classes in the case of clause (X) above of the Pooled Principal Balance Certificates and the Class A-S, Class B and Class C Regular Interests, and of the Loan-Specific Certificates in the case of clause (Y) above, in each case under this Section 4.04(a) shall constitute allocations of Realized Losses and Additional Trust Fund Expenses.
The Trust Advisor’s recommendation to replace the Special Servicer must be confirmed by an affirmative vote of Certificateholders having at least a majority of the aggregate Voting Rights (taking into account the allocation of any Appraisal Reduction Amounts in respect of the Mortgage Loans to notionally reduce the Class Principal Balances of the Pooled Principal Balance Certificates to which such Appraisal Reduction Amounts are allocable) of all Pooled Principal Balance Certificates on an aggregate basis.
All distributions made in respect of principal of any Class of Non-Uncertificated VRR Retained Pooled Principal Balance Certificates or in respect of principal of the Class VRR Upper-Tier Regular Interest on each Distribution Date pursuant to Section 4.01(b), Section 4.01(c) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of principal of its Corresponding Lower-Tier Regular Interest set forth in the Preliminary Statement hereto.