Collateral Pool Expenses definition

Collateral Pool Expenses. As defined in Section 2.11(b).
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Collateral Pool Expenses shall have the meaning set forth in Section 2.11.4(a).
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Collateral Pool Expenses in Section 2.11(b) of the Master Indenture shall be deleted in its entirety and replaced with the following:
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Examples of Collateral Pool Expenses in a sentence

  • Notwithstanding the foregoing, during the continuance of an Early Amortization Period, all amounts on deposit in the Release Account will be transferred as Unscheduled Proceeds into the Collection Account and applied as Unscheduled Principal Payments, after payment of Collateral Pool Expenses in accordance with Section 2.11(b) of the Indenture, on the Payment Date following the occurrence of such Early Amortization Period.

  • In the event that any such optional redemption is to occur on any Payment Date, the applicable Issuer(s) shall deposit (or cause to be deposited) amounts (other than Available Amounts) that, when combined with the Available Amount on such Payment Date, will be sufficient in order to pay in full all Collateral Pool Expenses for such Payment Date in accordance with Section 2.11(b).