Common use of The Mortgage Pools Clause in Contracts

The Mortgage Pools. The Series 1999-15 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, first-lien, fully-amortizing, one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of July 1, 1999 (the "Cut-off Date"): (a) Aggregate Principal Amount of both Mortgage Pools: $1,004,561,014.47 aggregate principal balance as of the Cut-off Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance will be not less than $950,000,000 or greater than $1,050,000,000.

The Mortgage Pools. The Series 1999-15 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, first-lien, fully-amortizing, one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of July April 1, 1999 (the "Cut-off Date"): (a) Aggregate Principal Amount of both Mortgage Pools: $1,004,561,014.47 501,133,936.21 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 both Mortgage Pools will be not less than $950,000,000 475,000,000 or greater than $1,050,000,000525,000,000.