Pool Loan definition

Pool Loan means a Loan in the Loan Pool sold or purported to be sold by the applicable Originator to the Seller pursuant to the Sale Agreement.
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Pool Loan means each Loan that is listed on the Pool Loan Schedule on the Closing Date and Additional Pool Loans that are listed from time to time on such Pool Loan Schedule.
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Pool Loan means, as of any date, the Loans that have been (or are to be) transferred and assigned to the Borrower pursuant to the Purchase Agreement and the other Conveyance Papers (whether by way of substitution or otherwise), together with the related Loan Documents, exclusive of Loans that have been repurchased by PMC or the Servicer on or prior to such date in accordance with the terms of this Agreement, the Servicing Agreement and the Purchase Agreement. The Pool Loans included in the Collateral at any time shall be identified on the Loan Schedule.
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Examples of Pool Loan in a sentence

  • Seller has failed to make, close, service or liquidate Seller’s Pool Loan in a prudent manner.

  • The Project the Pool Loan fi- nanced included the refinancing of ex- isting debt owed to the Seller or Third Party Lender (not including interim fi- nancing associated with the Project).

  • Copies of Pool Loan documents related to under- writing and origination, and any other Pool Loan-related documents SBA may, in its sole discretion, request to review in writing, must be sent to SBA’s Sacramento Pool Loan Proc- essing Center.

  • When a Pool Origi- nator proposes to form a Pool involv- ing a Pool Loan it does not own, it must purchase the Loan Interest it proposes to pool from a Seller that owns the whole Pool Loan and that has the servicing rights.

  • SBA has the right to re- view any Pool Loan before a Loan In- terest in it is added to a Pool, and SBA may prohibit the Pool’s formation as proposed based on SBA’s review in SBA’s sole discretion.

  • The transfer of one or more Loan Interests in a Pool Loan into a Pool.Pool Investor.

  • In the event SBA decides to review Pool Loan documents related to a Loan Interest prior to the requested Pool formation, that Loan Interest may not be added to the Pool until SBA reviews and approves the Pool Loan for such purpose.

  • At Pool for- mation, the CSA will issue the Seller a Seller Receipt evidencing the Seller’s retained ownership in the Pool Loan.

  • In addition, in order to complete such sale, Seller must have the purchaser of its rights to the Pool Loan execute the First Lien Position 504 Loan Pool Guarantee Agreement as Seller and de- liver the executed original to the CSA.§ 120.1708 Pool Certificates.

  • It is the Bidder’s responsibility to ensure all items in the Unit Price Work Form are correct.


More Definitions of Pool Loan

Pool Loan means a Loan in the Loan Pool.
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Pool Loan means the loan being made by the Authority to the Board pursuant to this Agreement.
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Pool Loan means the loan evidence by the Pool Note.
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Pool Loan means, for each Series, each Loan that is listed on the applicable Pool Loan Schedule on the Closing Date for the related Series and Additional Pool Loans that are listed from time to time on such Pool Loan Schedule.
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Related to Pool Loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.