Examples of Pooled Component in a sentence
The Class CS-P Uncertificated Interest shall be deemed to have received the distributions and allocations actually distributed to or allocated to the Pooled Component pursuant to Section 3.35.
The Uncertificated Centreville Square Interests will have Original Centreville Square Principal Amounts equal to, in the case of the Class CS-P Uncertificated Interest, the Pooled Component of the Centreville Square Mortgage Loan and, in the Case of the Class CS-NP Uncertificated Interest, the Non-Pooled Component of the Centreville Square Mortgage Loan.
Loan-Specific Collateral Support Deficits with respect to a Componentized Mortgage Loan will be allocated, first, to the related Non-Pooled Component up to its principal balance and, then, to the related Pooled Component, with any such amounts allocated to the Pooled Component reducing the Stated Principal Balance of the related Componentized Mortgage Loan for purposes of the above calculation of Collateral Support Deficit.
Each of the Mortgage Loans identified in the Prospectus Supplement as the "200 Park Avenue Mortgage Loan" and the "Courtyard by Marriott Portfolio Mortgage Loan", respectively, consists of two (2) loan components that are referred to as a "Pooled Component" and a "Non-Pooled Component", respectively.
Pooled Component: Any of the 44 components of the Pooled Securities, as more particularly set forth on Schedule A attached hereto as it may be amended from time to time (excluding from and after the respective date of repurchase any Pooled Components relating to Deleted Pooled Securities.
Component Mortgage Loan Collateral Support Deficits and additional Trust Fund expenses allocable to a Component Mortgage Loan will, after all the Classes of the related Component Mortgage Loan Certificates have been reduced to zero, reduce the Uncertificated Principal Balance of the Loan REMIC Pooled Regular Interest corresponding to the related Pooled Component.
The ownership interest in the 11 Madison Avenue Loan, as part of txx Xxxx XXXXX xxxated to the 11 Madison Avenue Loan, will be split into a senior undivided ownership interest in the portion of the Loan REMIC related to the 11 Madison Avenue Loan (the "11 Madixxx Xxxxxx Xxxxxx Component") and a subordinate undivided ownership interest in such portion of the Loan REMIC (the "11 Madison Avenue Non-Pooled Component" and, together with the 11 Madison Avenue Pooled Component, xxx "Xxxx Xxxxxxxnts").
Simon Collateral Support Deficits and additional Trust Fund expenses allocable to the Simon Mortgage Loan will, after all the Classes of Class S Certificates have been reduced to zero, reduce the Uncertificated Principal Balance of the Loan REMIC Pooled Regular Interest corresponding to the Simon Pooled Component.
Fund expenses alxxxxxle to the Concord Mills Mortgage Loan will, after all the Classes of Class CM Certificatex xxxe been reduced to zero, reduce the Uncertificated Principal Balance of the Loan REMIC Pooled Regular Interest corresponding to the Concord Mills Pooled Component.
With respect to an Appraisal Reduction on the Alliance Center Mortgage Loan, such Appraisal Reduction will be applied, prior to any application of such Appraisal Reduction to the Alliance Center Pooled Component, first to the Class AC-3 Certificates, second to the Class AC-2 Certificates, third to the Class AC-1 Certificates, and then to the Regular Certificates in respect of the Alliance Center Pooled Component in the priority set forth in the first sentence of this Section 4.05.