Pool of assets Sample Clauses

The "Pool of assets" clause defines a specific group of assets that are collectively managed, held, or used as collateral within a contractual arrangement. This clause typically outlines which assets are included in the pool, how they are identified or substituted, and the rules governing their management or use. For example, in a securitization agreement, the pool might consist of a set of loans or receivables that back the issued securities. The core function of this clause is to clearly delineate the assets subject to the agreement, ensuring transparency and reducing disputes over what is included in the pool.