Pooling Date definition
Examples of Pooling Date in a sentence
In addition, Seller shall deliver to Buyer within two (2) Business Days of the related Pooling Date for any Certified Mortgage Loan that is a Pooled Mortgage Loan, a duly executed Trade Assignment together with a true and complete copy of the Purchase Commitment with respect to the related Mortgage-Backed Security.
Immediately upon the Indemnity Reserve being established and provided for pursuant to Clause 5.2, the JOLs shall establish the Portfolio Managers and Trade Creditors Reserve of such amount as the JOLs determine would be necessary to pay the Portfolio Managers’ Creditor Claims and Trade Creditors’ Claims, including any interest payable thereon, in full on the Pooling Date, prior to the pooling of such SPhinX Company’s assets in accordance with Clause 7 of the Scheme.
The Buyer shall publish (within the meaning of Accounting Series Release No. 130, as amended, of the SEC) financial results covering at least 30 days of combined operations of the Buyer and the Company as soon as reasonably practicable after the Closing Date (the date such financial results are published shall be referred to herein as the "Pooling Date"), and in any event (assuming the Closing occurs on or before December 1, 1997) no later than February 14, 1998.