Pool Purchase Price definition

Pool Purchase Price. A price equal to the sum of (i) 100% of the unpaid principal balance of each Mortgage Loan on the day of such purchase plus interest accrued thereon at the applicable Mortgage Rate to the Due Date in the Due Period immediately preceding the related Distribution Date, (ii) the amount of any costs and damages incurred by the Trust Fund as a result of any violation of any applicable federal, state or local predatory- or abusive-lending law arising from or in connection with the origination of such Mortgage Loan, (iii) the amount of any unreimbursed Servicing Advances and amounts owed to the Trustee hereunder with respect to such Mortgage Loans, (iv) the fair market value of any REO Property and any other property held by the Trust Fund with respect to such Mortgage Loans, such fair market value to be determined by an appraiser or appraisers mutually agreed upon by the Master Servicer and the Trustee (reduced, in the case of REO Property, by (1) reasonably anticipated disposition costs and (2) any amount by which the fair market value as so reduced exceeds the outstanding principal balance of the related Mortgage Loan) plus interest accrued thereon at the applicable Net Mortgage Rate to the date of such purchase and (v) any Swap Termination Payment payable to the Swap Counterparty as a result of a termination pursuant to Section 7.01.

Pool Purchase Price means, with respect to any Series, the Pool Purchase Price as defined in the related PA Supplement.

Pool Purchase Price shall have the meaning set forth in Section 3.

Examples of Pool Purchase Price in a sentence

• On the terms and subject to the conditions in this Agreement and the related PA Supplement, the Company shall pay to the Seller, on each Business Day on which any Additional Loans are purchased from the Seller by the Company pursuant to Section 2 of the related PA Supplement, the Additional Pool Purchase Price for such Additional Loans by paying such Additional Pool Purchase Price to the Seller in cash.

• The purchase price for Additional Loans sold on an Addition Date shall be the Additional Pool Purchase Price.

• The Pool Purchase Price (PPP) was the sum of the SMP and this capacity payment.

• On the terms and subject to the conditions of this Agreement and the related PA Supplement payment of the Pool Purchase Price for each Series shall be made by the Company on the related Closing Date in immediately available funds to the Seller to such accounts at such banks as the Seller shall designate to the Company not less than one Business Day prior to the such Closing Date.

• On the terms and subject to the conditions of this Agreement and the related PA Supplement, payment of the Pool Purchase Price for each Series shall be made by the Company on the related Closing Date in immediately available funds to the Seller to such accounts at such banks as the Seller shall designate to the Company not less than one Business Day prior to the such Closing Date.

More Definitions of Pool Purchase Price

Pool Purchase Price. As defined in Section 10.01(b).

Pool Purchase Price. With respect to any date of determination, an amount equal to the sum of the Principal Balance of each Loan as of such date of determination multiplied by the Purchase Price Percentage relating to each Loan.

Pool Purchase Price the Pool Purchase Price for a Settlement Period determined pursuant to the Pool Rules;

Pool Purchase Price. With respect to any Pool, the sum of, for each Mortgage Loan in such Pool (x) the aggregate Principal Balance of each such Mortgage Loan as of the opening of business on the related Cut-Off Date, (y) interest accrued on the amount described in clause (x) from and including the date to which interest was last paid by the Mortgagor (including any prepaid interest) to but excluding the Closing Date, calculated at the related Mortgage Loan Rate.

Pool Purchase Price. With respect to any Pool, the sum of (x) the sum of (i) the aggregate Principal Balance of each Mortgage Loan in such Pool as of the opening of business on the related Cut-Off Date and (ii) the product of the Overadvance Percentage times the amount described in clause (i) of this definition and (y) for each Mortgage Loan, interest accrued on the amount described in clause (x) from and including the date to which

Pool Purchase Price. With respect to any Pool, the sum of (x) the sum of (i) the aggregate Principal Balance of each Mortgage Loan in such Pool as of the opening of business on the related Cut-Off Date and (ii) the product of the Relative Value Percentage times the Securitization Proceeds Percentage times the amount described in clause (i) of this definition and (y) for each Mortgage Loan, interest accrued on the amount described in clause (x) from and including the date to which interest was last paid by the Mortgagor (including any prepaid interest) to but excluding the Closing Date, calculated at the related Mortgage Loan Rate and minus the Servicing Expenses set forth in Section 12f and any Pair-Off Fees due by the Seller. If any of the Securitization securities are sold after the Securitization Closing, any additional proceeds (including any subsequent NIM proceeds) shall be added to the Pool Purchase Price as if received on the Securitization Closing and paid according to the formula in the preceding sentence. [Prime: The Prime rate of interest charged from time to time by _____________.]

Pool Purchase Price or "PPP" means the price paid to Generators for each unit of electricity generated and supplied to the Pool;