MACR Pool definition

MACR Pool. With respect to any Series that includes MACR Certificates, a discrete pool included in the related Trust Fund (but not in any REMIC Pool), consisting of such interests in the related Regular Classes as may be held of record by the Administrator, from time to time, as a result of exchanges pursuant to Section 2.06 of this Agreement.
Sample 1Sample 2Sample 3
MACR Pool. With respect to any Series that includes MACR Certificates, a discrete pool included in the related Trust Fund (but not in any REMIC Pool), consisting of such interests in the related Regular Classes as may be held of record by the Administrator, from time to time, as a result of exchanges pursuant to Section 2.06 of this Agreement. MBS: Securities designated as “MBS” issued by Xxxxxxx Mac under the UMBS and MBS Offering Circular. MBS Mirror Certificates: Securities designated as “MBS Mirror Certificates” issued by Xxxxxxx Mac under the Mirror Certificates Offering Circular.
Sample 1Sample 2
MACR Pool. With respect to any Series that includes MACR Certificates, a discrete pool formed by Xxxxxxx Mac consisting of such interests in the related Regular Classes as may be held of record by Xxxxxxx Mac, from time to time, as a result of exchanges pursuant to Section 2.06 of this Agreement.
Sample 1Sample 2

Examples of MACR Pool in a sentence

  • Any duplicate Certificate so issued shall constitute complete and indefeasible evidence of ownership of that portion of the Regular Interest or Residual Interest of the related REMIC Pool, or that portion of the related MACR Pool, represented thereby, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

  • With respect to any Series, except as otherwise provided in Articles VI, VII and VIII and Sections 9.05 and 9.06, no Holder shall have any right to vote or in any manner otherwise control the administration, operation and management of any REMIC Pool, MACR Pool or the Assets, or the obligations of the parties hereto.

  • The Administrator (on behalf of the Trustee) shall act as the representative of Holders in the control, management and administration of the Assets in each REMIC Pool and of any REMIC Certificates held in each MACR Pool.

  • As to each MACR Pool, the designations, maximum Original Principal Amounts, Class Coupons (if any) and other specific characteristics of each MACR Class shall be as provided in the related Terms Supplement.

  • Xxxxxxx Mac shall act as the representative of applicable Holders in the control, management and administration of the Assets in each REMIC Pool and of any REMIC Certificates held in each MACR Pool.

  • Sale of a MACR Certificate shall constitute a sale, assignment, transfer and conveyance by Xxxxxxx Mac to the Holder of a beneficial ownership interest in the related MACR Pool, to the extent of the interest therein represented by such MACR Certificate.

  • The Administrator shall act as the representative of Holders in the control, management and administration of the Assets in each REMIC Pool and of any REMIC Certificates held in each MACR Pool.

  • Xxxxxxx Mac or its agent shall be the Holder of (i) any Lower-Tier Classes that constitute Mortgage Securities for an Upper-Tier REMIC Pool, (ii) any interests in Regular Classes that constitute a MACR Pool and (iii) any assets included in a Guaranteed Maturity REMIC Pool, unless otherwise provided in the related Terms Supplement.

  • This Multiclass Certificates Agreement (including, with respect to each REMIC Pool and each MACR Pool, the related Terms Supplement), as it may be amended or supplemented from time to time.

  • This Multiclass CertiÑcates Agreement (including, with respect to each REMIC Pool and each MACR Pool, the related Terms Supplement), as it may be amended or supplemented from time to time.

Related to MACR Pool

  • Cover Pool means the cover pool constituted by, collectively, any Eligible Assets and Top-Up Assets held by the Guarantor in accordance with the provisions of the Securitisation and Covered Bond Law, the Decree No. 310 and the Bank of Italy Regulations.

  • Loan Pool means: (a) in the context of a Securitization, any pool or group of loans that are a part of such Securitization; (b) in the context of a Transfer, all loans which are sold, transferred or assigned to the same transferee; and (c) in the context of a Participation, all loans as to which participating interests are granted to the same participant.

  • Fund/SERV Eligible Unit Servicing Agent means FTP Services LLC or any successor Fund/SERV Eligible Unit servicing agent appointed as hereinafter provided."

  • Mortgage Pool The pool of Mortgage Loans, identified on Schedule 1 from time to time, and any REO Properties acquired in respect thereof.

  • Pool means a voluntary arrangement, established on an ongoing basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis. The pool may operate through an association, syndicate, or other pooling agreement.

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Swimming pool or “pool” means any structure intended for swimming or recreational bathing that contains water over 18 inches deep. “Swimming pool” includes in-ground and aboveground structures and includes, but is not limited to, hot tubs, spas, portable spas, and nonportable wading pools.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Mortgage Loan Group Either Group I or Group II.

  • Power Pool means the scheme operated by the Independent System Operator under the Act for exchange of Energy and financial settlement for the exchange of Energy;

  • Excess Servicing Fee Right With respect to each Mortgage Loan (including an REO Mortgage Loan with respect thereto), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Master Servicer shall be the owner of such Excess Servicing Fee Right.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Asset Pool means a pool of cash-flow generating assets in which an issuer of a securitized product has a direct or indirect ownership or security interest;

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.