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Common use of The Mortgage Pools Clause in Contracts

The Mortgage Pools. The Series 1997-2 Certificates shall evidence the entire beneficial ownership interest in two mortgage pools ("Pool 1" and "Pool 2," respectively, and each a "Mortgage Pool") of conventional, fixed rate, fully amortizing one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of February 1, 1997 (the "Cut-off Date"): (a) Aggregate Principal Amount of Pool 1: $450,353,484 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 1 will be not less than $427,500,000 or greater than $472,500,000. (b) Aggregate Principal Amount of Pool 2: $90,154,303 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 2 will be not less than $85,500,000 or greater than $94,500,000.

Appears in 3 contracts

Samples: Terms Agreement (Ge Capital Mortgage Services Inc), Terms Agreement (Ge Capital Mortgage Services Inc), Terms Agreement (Ge Capital Mortgage Services Inc)

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The Mortgage Pools. The Series 19971998-2 10 Certificates shall evidence the entire beneficial ownership interest in two mortgage pools ("Pool 1" and "Pool 2," respectively, and each a "Mortgage Pool") of conventional, fixed rate, fully amortizing one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of February May 1, 1997 1998 (the "Cut-off Date"): (a) Aggregate Principal Amount of Pool 1: $450,353,484 503,088,608.29 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 1 will be not less than $427,500,000 475,000,000 or greater than $472,500,000525,000,000. (b) Aggregate Principal Amount of Pool 2: $90,154,303 151,098,842.19 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 2 will be not less than $85,500,000 142,500,000 or greater than $94,500,000157,500,000.

Appears in 2 contracts

Samples: Terms Agreement (Ge Capital Mortgage Services Inc), Terms Agreement (Ge Capital Mortgage Services Inc)

The Mortgage Pools. The Series 1997-2 9 Certificates shall evidence the entire beneficial ownership interest in two mortgage pools ("Pool 1" and "Pool 2," respectively, and each a "Mortgage Pool") of conventional, fixed rate, fully amortizing one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of February October 1, 1997 (the "Cut-off Date"): (a) Aggregate Principal Amount of Pool 1: $450,353,484 501,157,486 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 1 will be not less than $427,500,000 475,000,000 or greater than $472,500,000525,000,000. (b) Aggregate Principal Amount of Pool 2: $90,154,303 350,732,153 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 2 will be not less than $85,500,000 332,500,000 or greater than $94,500,000367,500,000.

Appears in 2 contracts

Samples: Terms Agreement (Ge Capital Mortgage Services Inc), Terms Agreement (Ge Capital Mortgage Services Inc)

The Mortgage Pools. The Series 19971998-2 6 Certificates shall evidence the entire beneficial ownership interest in two mortgage pools ("Pool 1" and "Pool 2," respectively, and each a "Mortgage Pool") of conventional, fixed rate, fully amortizing one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of February March 1, 1997 1998 (the "Cut-off Date"): (a) Aggregate Principal Amount of Pool 1: $450,353,484 202,849,351.55 aggregate principal balance as of the Cut-off Cutoff Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 1 will be not less than $427,500,000 190,000,000 or greater than $472,500,000210,000,000. (b) Aggregate Principal Amount of Pool 2: $90,154,303 326,388,415.06 aggregate principal balance as of the Cut-off Cutoff Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 2 will be not less than $85,500,000 308,750,000 or greater than $94,500,000341,250,000.

Appears in 2 contracts

Samples: Terms Agreement (Ge Capital Mortgage Services Inc), Terms Agreement (Ge Capital Mortgage Services Inc)

The Mortgage Pools. The Series 19971996-2 14 Certificates shall evidence the entire beneficial ownership interest in two mortgage pools ("Pool 1" and "Pool 2," respectively, and each a "Mortgage Pool") of conventional, fixed rate, fully amortizing one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of February September 1, 1997 1996 (the "Cut-off Date"): (a) Aggregate Principal Amount of Pool 1: $450,353,484 325,387,265 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 1 will be not less than $427,500,000 316,875,000 or greater than $472,500,000333,125,000. (b) Aggregate Principal Amount of Pool 2: $90,154,303 110,564,010 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 2 will be not less than $85,500,000 104,500,000 or greater than $94,500,000115,500,000.

Appears in 1 contract

Samples: Terms Agreement (Ge Capital Mortgage Services Inc)

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The Mortgage Pools. The Series 19971999-2 6 Certificates shall evidence the entire beneficial ownership interest in two mortgage pools ("Pool 1" and "Pool 2," respectively, and each a "Mortgage Pool") of conventional, fixed fixed-rate, fully amortizing first-lien, fully-amortizing, one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of February April 1, 1997 1999 (the "Cut-off Date"): (a) Aggregate Principal Amount of Pool 1: $450,353,484 451,582,304.25 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 1 will be not less than $427,500,000 or greater than $472,500,000. (b) Aggregate Principal Amount of Pool 2: $90,154,303 252,364,834.85 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 2 will be not less than $85,500,000 237,500,000 or greater than $94,500,000262,500,000.

Appears in 1 contract

Samples: Underwriting Agreement (Ge Capital Mortgage Services Inc)

The Mortgage Pools. The Series 19971998-2 8 Certificates shall evidence the entire beneficial ownership interest in two mortgage pools ("Pool 1" and "Pool 2," respectively, and each each, a "Mortgage Pool") of conventional, fixed rate, fully amortizing amortizing, first lien one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of February April 1, 1997 1998 (the "Cut-off Date"): (a) Aggregate Principal Amount of Pool 1: $450,353,484 500,745,644.33 aggregate principal balance as of the Cut-off Cutoff Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 1 will be not less than $427,500,000 475,000,000 or greater than $472,500,000525,000,000. (b) Aggregate Principal Amount of Pool 21: $90,154,303 175,390,683.32 aggregate principal balance as of the Cut-off Cutoff Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance of the Offered Certificates in Pool 2 will be not less than $85,500,000 166,250,000 or greater than $94,500,000183,750,000.

Appears in 1 contract

Samples: Terms Agreement (Ge Capital Mortgage Services Inc)

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