Designated Pool Clause Samples
The Designated Pool clause defines a specific group of assets, funds, or resources that are set aside for a particular purpose within an agreement. Typically, this clause outlines what constitutes the pool, how it is managed, and the rules governing its use or distribution. For example, in a financial context, it might refer to a segregated account holding client funds, or in a service contract, a set of personnel assigned to a project. The core function of this clause is to ensure transparency and proper allocation by clearly identifying and managing the resources dedicated to fulfilling certain obligations under the contract.
Designated Pool. The Collateral Lease Agreements and the Collateral Leased Vehicles listed on Schedule A hereto (the “Schedule of 2025-1 Lease Agreements and 2025-1 Leased Vehicles”), will constitute the 2025-1 Designated Pool as of the Cutoff Date. The 2025-1 Exchange Note will be payable solely from Collections on the Collateral Assets included in the 2025-1 Designated Pool in accordance with the priorities in Section 5.1. For purposes of determining the Collections that are applicable to the 2025-1 Designated Pool, the Collateral Assets included in the 2025-1 Designated Pool will be deemed to have been included in the 2025-1 Designated Pool from and after the Cutoff Date.
Designated Pool. The Issuer hereby confirms its Grant under the Indenture of a security interest in the Indenture Collateral to Computershare, as Collateral Agent on behalf of the 2022-2 Secured Parties.