Pooled Mortgage Loan definition

Pooled Mortgage Loan. Any Mortgage Loan that is part of a Pool of Mortgage Loans certified by the Custodian to an Agency that will be exchanged on the related Settlement Date for a Mortgage-Backed Security backed by such Pool in accordance with the terms of the applicable Agency Guide.

Pooled Mortgage Loan means any Purchased Mortgage Loan that is subject to a Transaction hereunder and is part of a pool of Purchased Mortgage Loans certified by Custodian to an Agency to be either (a) purchased by such Agency or (b) swapped for an Agency Security backed by such pool, in each case, in accordance with the terms of the guidelines issued by the applicable Agency.

Pooled Mortgage Loan. Each of the Original Pooled Mortgage Loans and Replacement Pooled Mortgage Loans that are from time to time held in the Trust Fund, including any such mortgage loan that has been wholly or partially defeased. As used herein, the term "Pooled Mortgage Loan" includes the related Mortgage Loan Documents.

Examples of Pooled Mortgage Loan in a sentence

• With respect to each Pooled Mortgage Loan, the documents required for such Agency settlement are duly executed by it and designate Buyer or its designee (or the Securities Intermediary under the Joint Securities Account Control Agreement) as the party authorized to receive the related Mortgage-Backed Securities.

• With respect to a Transaction the subject of which is a Purchased Asset related to a Pooled Mortgage Loan, in addition to satisfying the other relevant delivery requirements specified in this Section 3.3, Seller shall comply with the conditions to the eligibility of Pooled Mortgage Loans and the related Mortgage-Backed Securities specified in the Transactions Terms Letter.

• With respect to a Transaction the subject of which is a Pooled Mortgage Loan, Seller shall deliver to Administrative Agent or its Custodian, as applicable, the related Agency Documents in accordance with and pursuant to the terms of Section 7.2(e) hereof and the Custodial Agreement and Seller shall cause the Custodian to deliver a trust receipt to Administrative Agent with respect to such Mortgage Loans in accordance with the terms of the Custodial Agreement.

• The Mortgage Loan Seller agrees that, with respect to any Non-Trust-Serviced Pooled Mortgage Loan, any “Document Defect” as such term is defined in the related Non-Trust Pooling and Servicing Agreement shall constitute a Document Defect under this Agreement; provided, however, that the foregoing shall not apply to any Document Defect related solely to the promissory note for any related Non-Serviced Pari Passu Companion Loan.

• The “Net Mortgage Rate” with respect to each Pooled Mortgage Loan means the following: • with respect to each Pooled Trust Component, the Pooled Trust Component Net Mortgage Rate set forth below; and • with respect to each other Pooled Mortgage Loan, the Interest Rate net of the Servicing Fee Rate, the Trustee Fee Rate and, in the case of the John Hancock Complex Loan, the Primary Servicing Fee Rate.

More Definitions of Pooled Mortgage Loan

Pooled Mortgage Loan includes the related Mortgage Loan Documents.

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

Pooled Mortgage Loan means an Eligible Mortgage Loan (i) as to which 100% of the beneficial interests therein are evidenced by a Participation Certificate and (ii) as to which the Mortgage Loan Custodian has certified or will certify to the Applicable Agency that such Mortgage Loan meets all of the criteria specified in the related Agency Guidelines for the securitization of mortgage loans of that type and that such Mortgage Loan has been pooled or will be pooled in a Loan Pool for the purpose of backing an Agency Security.

Pooled Mortgage Loan and “Trade Assignment” as set forth below:

Pooled Mortgage Loan. Any Mortgage Loan that is part of a Pool of Mortgage Loans certified by the Custodian (or in the case of Xxxxxx Xxx, certified by The Bank of New York Mellon Trust Company) to an Agency that will be exchanged on the related Settlement Date for a Mortgage-Backed Security backed by such Pool in accordance with the terms of the applicable Agency Guide.

Pooled Mortgage Loan. Each Mortgage Loan which is identified on Schedule 1 to the Seller's closing certificate and which is serviced pursuant to a MBS Servicing Agreement and owned by the related Investors in a pass-through format.

Pooled Mortgage Loan shall refer to a Mortgage Loan (other than a HEL) that is included in a pool designated to back an Agency Security and with respect to which the Custodian has made an initial certification to the related Agency;