Subpool definition

Subpool means each of the groups of Collateral Debt Securities designated by the Collateral Manager in accordance with the Auction Procedures on which Qualified Bidders may provide a separate bid in an Auction.

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Subpool means a subcomponent of the pool as may be established and designated by the state treasurer from time to time. Each subpool shall have its own name, assets, and liabilities as designated by the state treasurer. The state treasurer may designate separate investment policies, restrictions, objectives, and strategies for each subpool.

Subpool. Either Pool 1A or Pool 1B, as the context requires.

Examples of Subpool in a sentence

• If such good faith deposit or payment in full of the purchase price is not made when due (or, if the Subpools are to be sold to more than one bidder, if any bidder fails to make its contribution to the good faith deposit or make payment of the purchase price when due), the Trustee shall decline to consummate the sale of each Subpool and shall give notice (in accordance with Section 9.3) that the Auction Call Redemption will not occur.

• If the Highest Auction Price requires the sale of Subpools to more than one bidder, each winning bidder shall contribute to the good faith deposit an amount equal to one percent (1%) of the Aggregate Principal Balance of the Subpool or Subpools to which its bid relates.

• Provided that all of the conditions set forth in clauses (i) through (iv) of this Section 9.5 have been met, the Collateral Manager shall sell and transfer, or shall instruct the Trustee to sell and transfer, the Collateral Debt Securities (or each related Subpool), without representation, warranty or recourse, to such highest bidder (or the highest bidder for each Subpool, as the case may be) in accordance with and upon completion of the Auction Procedures.

• Provided that all of the conditions set forth in this Section 9.2(a)(1) through (4) have been met, the Trustee will sell and transfer the Collateral Interests (or each related Subpool), without representation, warranty or recourse, to the bidder(s) who offered the Highest Auction Price for the Collateral Interests (or the related Subpools) in accordance with and upon completion of the Auction Procedures.

• Provided that all of the conditions set forth in Section 9.2(a) through (d) have been met, the Trustee will sell and transfer the Collateral Interests (or each related Subpool), without representation, warranty or recourse, to the bidder(s) who offered the Highest Auction Price for the Collateral Interests (or the related Subpools) in accordance with and upon completion of the Auction Procedures.

• Provided that all of the conditions set forth in Section 9.2(a) through (d) have been met, the Trustee will sell and transfer the Collateral Debt Securities (or each related Subpool), without representation, warranty or recourse, to the bidder(s) who offered the Highest Auction Price for the Collateral Debt Securities (or the related Subpools) in accordance with and upon completion of the Auction Procedures.

• Each bargaining unit Employee employed by Special School District will be classified as Non-exempt: (Employees whose positions do not meet FLSA and state exemption tests and who are paid a multiple of their regular rate of pay for hours worked in excess of forty per week) in addition to one or more of the following Employee categories: Sub-pool: Spare personnel used when all standbys have been exhausted.

• With respect to the aggregate unpaid principal balance of all the Sub-pool 1b Mortgage Loans, the Mortgage Loans have the following Credit Grades: (i) 16.5% of the Mortgage Loans are Credit Grade AA; (ii) 34.2% of the Mortgage Loans are Credit Grade A; (iii) 31.6% of the Mortgage Loans are Credit Grade B; (iv) 8.6% of the Mortgage Loans are Credit Grade CC; and (v) 9.1% of the Mortgage Loans are Credit Grade C.

• There shall not be pending on the Closing Date any action or proceeding instituted by any person, entity or governmental authority against Assignor or Assignee to prevent the consummation of the sale of the Computer Finance Subpool and, on the Closing Date, there shall be no injunction, decree or similar legal restraint preventing the consummation of such sale.

• In consideration for the sale by Assignor to Assignee of the Computer Finance Subpool as provided in Section 2 above, Assignee agrees to pay Assignor an amount equal to the Computer Finance Subpool Purchase Price (as defined below).

More Definitions of Subpool

Subpool means each of the groups of the Collateral Interests designated by the Collateral Manager in accordance with these Auction Procedures on which the Listed Bidders may provide a separate bid in an Auction) received from the Collateral Manager as described in subparagraph (b) below, which the Collateral Manager shall prepare based upon the Collateral Manager’s good faith determination of the composition of Subpools that will maximize sale proceeds; provided that the maximum number of Subpools shall be 20 and if the Trustee has not received such list from the Collateral Manager at least 20 Business Days prior to the Auction Date, the Trustee shall be entitled to assume that the Collateral Interests will not be divided into Subpools for the purposes of the relevant Auction; and

Subpool. Any of Subpool I-1, Subpool I-2 or Subpool I-3, as applicable.

Subpool. Each of the groups of the Collateral Interests designated by the Collateral Manager in accordance with the Auction Procedures on which the Listed Bidders may provide a separate bid in an Auction.