Pooled Loan definition

Pooled Loan means any (a) Underlying Mortgage Loan that is subject to a Transaction hereunder and is part of a pool of Underlying Mortgage Loans certified by the Custodian to the Agency for the purpose of being swapped for a Xxxxxx Xxx Security backed by such pool, in each case, in accordance with the terms of guidelines issued by the Agency and (b) any Xxxxxx Mae Security to the extent received in exchange for, and backed by a pool of, Underlying Mortgage Loans subject to a Transaction hereunder.

Pooled Loan has the meaning given in paragraph 6(a) below.

Pooled Loan means any Existing Loan that encumbers a pool of multiple Real Properties.

Examples of Pooled Loan in a sentence

• In no event, however, shall Buyer deliver a Kickout Notice with respect to a Pooled Property if all such Lender Encumbered Properties subject to the Pooled Loan would exceed the Maximum Kickout Properties.

• The Cut-off Date Principal Balance respecting each Pooled Loan shall be at least equal to the original unpaid principal balance of the Xxxxxx Xxx Security for the Pooled Loans designated to be issued.

• For purposes of this Schedule 1-D and the representations and warranties set forth herein, a breach of a representation or warranty shall be deemed to have been cured with respect to a Pooled Loan if and when Seller has taken or caused to be taken action such that the event, circumstance or condition that gave rise to such breach no longer adversely affects such Pooled Loan.

• Seller makes the following representations and warranties to Buyer with respect to each Pooled Loan, as of the date the Underlying Mortgage Loan became a Pooled Loan, and at all times while the applicable Transaction hereunder is in full force and effect.

• For purposes of this Schedule 1-B and the representations and warranties set forth herein, a breach of a representation or warranty shall be deemed to have been cured with respect to a Pooled Loan if and when Seller has taken or caused to be taken action such that the event, circumstance or condition that gave rise to such breach no longer adversely affects such Pooled Loan.

More Definitions of Pooled Loan

Pooled Loan a Mortgage Loan as to which the applicable Takeout Commitment, if any, relates to a pool of unspecified Mortgage Loans.

Pooled Loan means a Mortgage Loan that is part of a Pool certified by an Agency Custodian to an Agency that will be or has been exchanged on the related Settlement Date either for cash (in a “delivery versus cash” or “swap and sell” transaction) or for an MBS backed by such Pool (a “delivery versus MBS” or “swap and hold” transaction) in accordance with the terms of the applicable Agency Guidelines.

Pooled Loan means each Loan purchased by the Issuer from the Seller or contributed to the Issuer by the Seller on the Initial Closing Date pursuant to the Loan Purchase Agreement or purchased by the Issuer from the Seller or contributed to the Issuer by the Seller on any subsequent Transfer Date pursuant to the Loan Purchase Agreement and which has not (x) become a Warranty Repurchase Loan or a Charged-Off Loan or (y) been released from the Collateral pursuant to the Base Indenture. Each Pooled Loan shall be listed on the Schedule of Pooled Loans maintained by the Servicer.

Pooled Loan means a Loan identified as a Pooled Loan on the related Asset Schedule that is an Agency Eligible Loan subject to a Takeout Commitment of the kind described in clause (c) of the definition of “Takeout Commitment,” and as to which 100% of the beneficial interests therein are evidenced by a Participation Certificate.

Pooled Loan means any Existing Loan that encumbers a pool of multiple Real Properties. “Pooled Property” means any Lender Encumbered Property subject to a Pooled Loan.

Pooled Loan means each Loan purchased by the Issuer from a Seller or contributed to the Issuer by OnDeck on the Initial Closing Date pursuant to the Loan Purchase Agreement or purchased by the Issuer from a Seller or contributed to the Issuer by OnDeck on any subsequent Transfer Date pursuant to the Loan Purchase Agreement and which has not (x) become a Warranty Repurchase Loan or a Charged-Off Loan or (y) been released from the Collateral pursuant to the Base Indenture. Each Pooled Loan shall be listed on the Schedule of Pooled Loans maintained by the Servicer.

Pooled Loan. ‎ means a Purchased Mortgage Loan that is included in a Pool.