Monthly Pool definition

Monthly Pool means a pool of Eligible Vehicle Collateral designated by the Servicer/Manager as belonging to a specified pool and segregated by month of acquisition for the purpose of financing such pool with the proceeds of a single Loan hereunder.

Monthly Pool means a pool of Receivables owned by the Borrower, at any time, with Origination Dates occurring in a common month. For the avoidance of doubt, notwithstanding Parent’s subsequent repurchase of a Receivable in any Monthly Pool or the Borrower’s subsequent sale for any reason, such Receivable shall remain part of such Monthly Pool.

Monthly Pool means with respect to the Purchased Receivables relating to any Fund purchased during any calendar month, the Receivables relating to (a) the Shares of such Fund whose Issue Price is included in the calculation of the Purchase Price of Purchased Receivables relating to such Fund purchased during such calendar month; (b) the Shares of such Fund issued in a Free Exchange in exchange for (i) Shares of another Fund whose Issue Price was included in the calculation of the Purchase Price of Purchased Receivables relating to such other Fund purchased during such calendar month and (ii) Shares of such other Fund issued in connection with the reinvestment of dividends (whether ordinary, capital gain or exempt-interest dividends) paid in respect of the Shares of such other Fund described in clause (b)(i) above or this clause (b)(ii); and (c) the Shares of such Fund issued in connection with the reinvestment of dividends (whether ordinary, capital gain or exempt-interest dividends) paid in respect of the Shares of such Fund described in clause (a) or (b) above or this clause (c).

Examples of Monthly Pool in a sentence

• Completion of such repurchase pursuant to this Clause 9.10 shall take place (a) on the Monthly Pool Date immediately following the receipt of such Loan Repurchase Notice or (b) such other date as the Issuer may direct in the Loan Repurchase Notice (PROVIDED THAT the date so specified by the Issuer shall not be later than ninety (90) days after receipt by the Seller of such notice).

• Each such monthly report shall be delivered to the Issuer, the Security Trustee, the Seller and the Rating Agencies within ten (10) Business Days of each Monthly Pool Date and posted on the following website: xxx.xxx.xx.xx on or around the end of each calendar month and as such the Investor Report will be available to, amongst others, the Class A Noteholders and the Interest Rate Swap Provider.

• Each Loan will be related to a Monthly Pool and Loan Date pursuant to this Agreement.

• On such Monthly Pool Date, the Issuer shall pay such Further Advance Purchase Price by using amounts standing to the credit of the Principal Xxxxxx on a first in first out basis.

• The CPTA calculates the amount of the guaranty fee using the RPB data from the Monthly Pool, Loan and Participation level accounting data reported by the Issuer in the preceding month (See reporting requirements in Section 35-12 and Appendix VI-17, HMBS Issuer Pooling and Reporting Specification).

• On such Monthly Pool Date, the Issuer shall pay such Further Advance Purchase Price by using amounts standing to the credit of the Principal Ledger on a first in first out basis.

• Where the Servicer determines that a Loan is a Written Off Loan, the Servicer shall notify the Seller and the Issuer in writing not later than the Monthly Pool Date following the Monthly Period in which such determination was made of the details of such Written Off Loan.

• Each such monthly report shall be delivered to the Issuer, the Security Trustee, the Seller and the Rating Agencies within ten (10) Business Days of each Monthly Pool Date and posted on the following website: xxx.xxx.xx.xx on or around the end of each calendar month and as such the Investor Report will be available to, amongst others, the Class A Noteholders and the Interest Rate Hedge Provider.

• The repurchase price for such COVID-19 Payment Holiday Loan shall be equal to its Current Balance determined as at the day before such Monthly Pool Date.

• The CPTA calculates the amount of the guaranty fee using the RPB data from the Monthly Pool, Loan and Participation level accounting data reported by the Issuer in the preceding month (See reporting requirements in Section 35-12 and Appendix VI-17—Reporting and Feedback System (RFS) HMBS Issuer Monthly Report of Pool, Loan and Participation Data (Appendix VI-17).

More Definitions of Monthly Pool

Monthly Pool means, with respect to any Sub-Fund and any calendar month: