Examples of Reference Pool in a sentence
On the terms and subject to the conditions set forth in this Agreement, on the date hereof, the Seller hereby transfers, assigns, sets over, sells and otherwise conveys to the Buyer, without recourse, except as provided in Section 2.3(c), and the Buyer hereby purchases from the Seller, all of the Seller’s right, title and interest in and to the Exchange Note, including, but not limited to, all Closed-End Collections with respect to the related 2024-A Reference Pool after the Cut-Off Date.
Concurrently herewith, World Omni Auto Leasing LLC (the “Depositor”) will purchase the Exchange Note, which represents the 2024-A Reference Pool, from the Initial Beneficiary and World Omni Automobile Lease Securitization Trust 2024-A, a Delaware statutory trust (the “Issuing Entity”), will purchase the Exchange Note, which represents the 2024-A Reference Pool, from the Depositor.
Consistent with its Credit and Collection Policy, the Servicer may, in its discretion, grant a Post-maturity Term Extension with respect to any Closed-End Lease in the 2024-A Reference Pool.
In accordance with Section 5.1(d) of the Closed-End Servicing Agreement, on the Closed-End Exchange Note Payment Date related to the Closed-End EN Collection Period in which a Security Deposit becomes a Closed-End Exchange Note Collection with respect to the 2024-A Reference Pool, the Servicer shall deposit such amounts (including, as applicable, any Required Deposit Amount) in the Exchange Note Collection Account.
This Section 2.3(b) shall survive the allocation of the Transaction Units to the 2024-A Reference Pool.