Maximum Pool Balance definition
Maximum Pool Balance. As to any Payment Date the highest Pool Balance at the end of any Collection Period from the Closing Date up to and including the related Collection Period.
Maximum Pool Balance. The sum of
Examples of Maximum Pool Balance in a sentence
As to any Payment Date prior to the Payment Date in (___________), the Required Overcollateralization Percentage of the greater of (i) the Pool Balance as of the Cut-off Date and (ii) the Maximum Pool Balance as of the end of the Related Collection Period (the "Initial Required Overcollateralization Amount").
In addition, the Depositor, in its sole discretion, may at any time make an additional deposit into the Reserve Fund in an amount up to 1% of the Maximum Pool Balance as of the date such additional deposit is to be made.