Cut-Off Date Pool Balance Clause Samples
The Cut-Off Date Pool Balance clause defines the total value or outstanding principal of a pool of assets, such as loans or receivables, as of a specific cut-off date. In practice, this clause establishes the reference point for determining which assets are included in a securitization or similar financial transaction, ensuring that only those assets existing and qualifying as of the cut-off date are considered. Its core function is to provide clarity and certainty regarding the composition and value of the asset pool, thereby reducing ambiguity and potential disputes between parties.
Cut-Off Date Pool Balance. The aggregate Cut-Off Date Principal Balance of the Initial Mortgage Loans (i.e., $301,751,297.42).
Cut-Off Date Pool Balance. The aggregate of the Cut-Off Date Principal Balances of the Home Equity Loans.
Cut-Off Date Pool Balance. The aggregate of the Cut-Off Date Principal Balances of the Group 1 Mortgage Loans.
Cut-Off Date Pool Balance. The aggregate Cut-Off Date Principal Balance of the Mortgage Loans in Loan Group I (i.e., $119,999,380.63) or the aggregate Cut-Off Date Principal Balance of the Mortgage Loans in Loan Group II (i.e., $479,999,602.74).
Cut-Off Date Pool Balance. The aggregate Cut-Off Date Principal Balance of the Mortgage Loans in Loan Group I (i.e., $119,999,380.63) or the aggregate Cut-Off Date Principal Balance of the Mortgage Loans in Loan Group II (i.e., $479,999,602.74).