Cut-off Date Pool Balance definition

Cut-off Date Pool Balance. The aggregate Cut-off Date Principal Balance of all the Original Mortgage Loans.

Cut-off Date Pool Balance. $419,235,123.

Cut-off Date Pool Balance. $1,037,956,638 General Master Servicer: Xxxxx Fargo Bank, National Association NCB Master Servicer: NCB, FSB General Special Servicer: Midland Loan Services, a Division of PNC Bank, National Association Co-op Special Servicer: NCB, FSB Trustee: Deutsche Bank Trust Company Americas Certificate Administrator, Tax Administrator and Custodian: Xxxxx Fargo Bank, National Association Trust Advisor: Pentalpha Surveillance LLC CUSIP No.: ISIN No.: ________________ Certificate No. [_] -___ [FOR BOOK-ENTRY CERTIFICATES: UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE ADMINISTRATOR OR ANY AGENT THEREOF FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] [FOR PRIVATELY OFFERED CERTIFICATES (CERTIFICATES OTHER THAN CLASSES X-0, X-0, X-0, X-0, A-5, A-SB, A-S, X-A, B, C AND PEX): THIS CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR FOREIGN JURISDICTION. ANY REOFFER, RESALE, PLEDGE OR OTHER TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN WITHOUT SUCH REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A TRANSACTION WHICH DOES NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH IS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.] NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO (A) ANY RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT THAT IS SUBJECT TO SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”) OR ANY MATERIALLY SIMILAR PROVISIONS OF APPLICABLE FEDERAL, STATE OR LOCAL LAW OR (B) ANY PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS CERTIFICATE OR SUCH INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF, OR WITH ASSETS OF ANY SUCH RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, EXCEPT IN ACCORDA...

Examples of Cut-off Date Pool Balance in a sentence

• Aggregate Liquidation Loss Amounts exceeds 1.25% of the Cut-off Date Pool Balance 2 7.

• The Supplemental Purchase Account Initial Deposit made on the Closing Date will be calculated using the Initial Cutoff Date Pool Balance and is expected to be greater than the required deposit.

• The Seller, as sponsor, shall retain an economic interest in a material portion of the credit risk of the Receivables, which interest retention obligation may be satisfied by retaining a representative sample of the Receivables having a principal balance equal to not less than 5% of the Cutoff Date Pool Balance.

• Following receipt of the initial servicing report from the Servicer and calculation of the actual Pool Balance as of the Closing Date, any funds on deposit in the Supplemental Purchase Account in excess of the required deposit amount (resulting from the use of the Initial Cutoff Date Pool Balance, which will be revised after receipt of the initial servicing report) will be distributed directly to the Depositor.

• The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Pool at the time of purchase being 1.0% or less of the Cut-off Date Pool Balance.

More Definitions of Cut-off Date Pool Balance

Cut-off Date Pool Balance. The aggregate Principal Balances of all the Mortgage Loans as of the related Cut-Off Date; as of the Initial Cut-Off Date, $75,130,216.06.

Cut-off Date Pool Balance. The Pool Balance calculated as of the Cut-off Date.

Cut-off Date Pool Balance. $[_______]

Cut-off Date Pool Balance. $955,224,154 Master Servicer: Wxxxx Fargo Bank, National Association Certificate Administrator, Tax Administrator and Custodian: Wxxxx Fargo Bank, National Association

Cut-off Date Pool Balance. With respect to each Mortgage Pool, the Pool Balance thereof as of the Cut-off Date.

Cut-off Date Pool Balance. [The Pool Balance as of the Cut-off Date] [With respect to the Mortgage Loans in the Trust on the Closing Date, the sum of (i) the aggregate Principal Balance for all such Initial Mortgage Loans as of [ ] and (ii) the Pre-Funding Amount].

Cut-off Date Pool Balance. The aggregate of the Cut-Off Date Trust ------------------------- Balances of the Initial Mortgage Loans.