Common use of Reference Pool Removal Clause in Contracts

Reference Pool Removal. A Reference Obligation removed from the Reference Pool because (i) the Reference Obligation becomes a Credit Event Reference Obligation; (ii) the Reference Obligation is paid in full; (iii) of the identification and final determination, through Xxxxxxx Mac’s quality control process, of an Underwriting Defect relating to the Reference Obligation; or (iv) of the discovery of a violation of the Eligibility Criteria for such Reference Obligation.

Reference Pool Removal. A Reference Obligation removed from the Reference Pool because (i) the Reference Obligation becomes a Credit Event Reference Obligation; (ii) the Reference Obligation is paid in full; (iii) of the identification and final determination, through Xxxxxxx Freddie Mac’s quality control process, of an Underwriting Defect relating to the Reference Obligation; or (iv) of the discovery of a violation of the Eligibility Criteria for such Reference Obligation.