Cutoff Date Pool Balance definition

Cutoff Date Pool Balance means the aggregate Principal Balance of the Receivables as of the Cutoff Date, which is $861,931,884.78.

Cutoff Date Pool Balance means the aggregate principal balance of the Receivables as of the Cutoff Date.

Cutoff Date Pool Balance has the meaning specified in the Sale and Servicing Agreement.

Examples of Cutoff 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.

• 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 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.

• 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 Cutoff Date Pool Balance

Cutoff Date Pool Balance means the Pool Balance as of the Cutoff Date which is $225,095,751.58.

Cutoff Date Pool Balance shall have the meaning provided in Section 2.10.

Cutoff Date Pool Balance means $________________, the aggregate unpaid principal balance of the Receivables as of the Cutoff Date.

Cutoff Date Pool Balance means, the collective reference to the Group I Cutoff Date Pool Balance and the Group II Cutoff Date Pool Balance.

Cutoff Date Pool Balance means the Pool Balance as of the Cutoff Date which is $440,000,031.61. “DBRS” means DBRS, Inc.

Cutoff Date Pool Balance means $[ ] as set forth in Schedule A.

Cutoff Date Pool Balance means $[ ] as set forth in SCHEDULE A.