Pooled Security Distribution Date Statement definition

Pooled Security Distribution Date Statement. Each report provided monthly to holders of Pooled Securities in connection with each Pooled Security Distribution Date pursuant to the related Underlying Agreement.

Examples of Pooled Security Distribution Date Statement in a sentence

• The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement or of the Certificates or of any Pooled Security, Pooled Security Distribution Date Statement or related document.

• To the extent available, the Depositor shall provide the Trustee no later than the Closing Date the offering documents and the Underlying Agreements with respect to each Pooled Security and the most recent Pooled Security Distribution Date Statement received by the Depositor to the extent that such items are not provided by the Seller pursuant to the Purchase and Sale Agreement.

• To the extent available, the Seller also shall provide the Trustee no later than the Closing Date or, with respect to Substitute Pooled Securities, on the date of substitution, the offering documents with respect to each Pooled Security and the most recent Pooled Security Distribution Date Statement received by the Seller.

• This cost may include all planning, training, administrative, and follow-up directly related to the cost of training (e.g., cost of instructors, consultants, facilitators, books, supplies and/or equipment) which have been specifically identified by the training provider as a requirement for successfully completing a course or training program.

• As to any Determination Time and each Pooled Security, the Pooled Security Distribution Date Statement and/or such other information which enables the Trustee to determine current principal and interest distributions on, and Realized Losses allocated with respect to, the Pooled Security.

• As to any Pooled Security and any Bond Payment Date, the outstanding principal balance of such Pooled Security, based upon the information reported in the related Pooled Security Distribution Date Statement relating to the most recent Pooled Security Distribution on such Pooled Security, after giving effect to distributions made on the Pooled Security on or prior to such date.

• Property acquired by the Underlying Trustee or Underlying Servicer upon foreclosure or deed in lieu of foreclosure in respect of any defaulted Underlying Mortgage Loan as reported in the related Pooled Security Distribution Date Statement.