Reference Pool Removal means the removal of a Reference Obligation from the Reference Pool upon the occurrence of any of the following: (i) the Reference Obligation becomes a Credit Event Reference Obligation; (ii) the Reference Obligation is paid in full (except as provided below with regard to a refinancing under the High LTV Refinance Option);(iii) the Reference Obligation is seized pursuant to an eminent domain proceeding with respect to the underlying mortgage loan; (iv) the related loan seller or servicer repurchases the Reference Obligation, enters into a full indemnification agreement with Fannie Mae with respect to the Reference Obligation or pays a fee in lieu of repurchase with respect to the Reference Obligation; (v) Fannie Mae elects to sell (A) a delinquent Reference Obligation that is less than 12 months delinquent at the time it is offered for sale or (B) a Reference Obligation that previously had been seriously delinquent and is current at the time it is offered for sale; (vi) Fannie Mae determines that as a result of a data correction the Reference Obligation does not meet certain Eligibility Criteria; (vii) the party responsible for the representations and warranties with respect to the Reference Obligation was granted relief by Fannie Mae from liability for potential breaches of specified Eligibility Defects at the time Fannie Mae acquired the ReferenceObligation and an Eligibility Defect is identified that could otherwise have resulted in a repurchase but for the aforementioned relief, provided that the Eligibility Defect is identified on or before the 36th month following the date of Fannie Mae's acquisition of the Reference Obligation; or (viii) the party responsible for the representations and warranties and/or servicing obligations or liabilities with respect to the Reference Obligation (A) has declared bankruptcy or has been put into receivership or (B) has otherwise been relieved of such obligations or liabilities by operation of law or by agreement, and an Eligibility Defect is identified that could otherwise have resulted in a repurchase. In the case of any Reference Obligation to be removed pursuant to clause (i) or (ii) above, the removal will be as of the Payment Date related to the Reporting Period during this the event described in clause (i) or (ii), as applicable, occurred, after giving effect to the payment of all Return Amounts required to be paid on such Payment Date. A Reference Obligation will be removed from the Reference Pool if a data ...

Examples of Reference Pool Removal in a sentence

Additionally, subject to the satisfaction of certain conditions described in the definition of Reference Pool Removal, Reference Obligations include any Enhanced Relief Refinance Obligations that meet the Enhanced Relief Refinance Program Criteria and that replace the corresponding Reference Obligations that were refinanced under the Enhanced Relief Refinance Program, where applicable.
Modifications Reference Obligations that undergo a temporary or permanentmodification will not be removed from the Reference Pool unless they otherwise meet the criteria for Reference Pool Removal.
The removal of any Reference Obligation from the Reference Pool as described above will be treated as a Reference Pool Removal.
Instead, the UPB of the loan at the time of seizure will be treated as Stated Principal and the loan will be removed pursuant to Reference Pool Removal.
A pricing adjustment, as described in clause (v) above, will not trigger removal from the Reference Pool unless the Reference Obligation is otherwise the subject of a Reference Pool Removal.
A similar restriction in the banking group or selling group agreements requiring banking group members or selling group members not to offer securities to New Brunswick residents; 3.
When a Reference Obligation becomes subject to a Reference Pool Removal (except in the case of clause (i) above), the unpaid principal balance of such Reference Obligation will be allocated to the Reference Tranches as Unscheduled Principal.
In its response, the Government said increasing competition would be a “major UK negotiating objective”.
Any such write-downs will be allocated first to the most subordinate Class of Notes with an outstanding Class Principal Balance.Modifications Reference Obligations that undergo a temporary or permanentmodification will not be removed from the Reference Pool unless they otherwise meet the criteria for Reference Pool Removal.
The failure of the related loan seller or servicer to so repurchase, agree to a full indemnification or pay a fee in lieu of repurchase may result in such Reference Obligation not being subject to a Reference Pool Removal.

More Definitions of Reference Pool Removal

Reference Pool Removal means the removal of a Reference Obligation from the Reference Pool after the issuance of the Notes because:

Reference Pool Removal means the removal of a Reference Obligation from the Reference Pool upon the occurrence of any of the following: (i) the Reference Obligation becomes a Credit Event Reference Obligation; (ii) the Reference Obligation is paid in full; (iii) the Reference Obligation is seized pursuant to an eminent domain proceeding with respect to the underlying mortgage loan; (iv) the related loan seller or servicer repurchases the Reference Obligation, enters into a full indemnification agreement with Xxxxxx Xxx with respect to the Reference Obligation or pays a fee in lieu of repurchase with respect to the Reference Obligation; (v) Xxxxxx Mae elects to sell (A) a delinquent Reference Obligation that is less than 12 months delinquent at the time it is offered for sale or (B) a Reference Obligation that previously had been seriously delinquent and is current at the time it is offered for sale; (vi) Xxxxxx Xxx determines that as a result of a data correction the Reference Obligation does not meet certain Eligibility Criteria; (vii) the party responsible for the representations and warranties with respect to the Reference Obligation was granted relief by Xxxxxx Mae from liability for potential breaches of specified Eligibility Defects at the time Xxxxxx Xxx acquired the Reference Obligation and an Eligibility Defect is identified that could otherwise have resulted in a repurchase but for the aforementioned relief, provided that the Eligibility Defect is identified on or before the 36th month following the date of Xxxxxx Mae's acquisition of the Reference Obligation; or (viii) the party responsible for the representations and warranties and/or servicing obligations or liabilities with respect to the Reference Obligation (A) has declared bankruptcy or has been put into receivership or (B) has otherwise been relieved of such obligations or liabilities by operation of law or by agreement, and an Eligibility Defect is identified that could otherwise have resulted in a repurchase. A Reference Obligation will be removed from the Reference Pool if a data change occurs that causes the Reference Obligation to no longer meet one or more of the criteria set forth in clauses (a), (e), (f), (i), (j), (k) or (l) of the definition of Eligibility Criteria. A Reference Obligation that becomes subject to an Origination Rep and Warranty Settlement subsequent to the Cut-off Date may be removed, at its respective unpaid principal balance as of such date, from the Reference Pool by Xxxxxx Xxx at a...

Reference Pool Removal means, for a Reference Pool, a "Reference Pool Removal" as that term is defined in the related Legacy Prospectus.

Related to Reference Pool Removal

Reference Asset means a reference asset of the relevant Index or Investment Strategy in respect of a Series of ETP Securities as specified in the Final Terms.
Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.
Reference Cut-Off Date means the eighth Scheduled Trading Day immediately following the Scheduled Reference Date or, if earlier, the Scheduled Trading Day falling on or immediately preceding the second Business Day immediately preceding the due date on which payment of any amount or delivery of any assets may have to be made pursuant to any calculation or determination made on such Reference Date, provided that the Reference Cut-Off Date shall not fall prior to the original date on which such Reference Date was scheduled to fall.
Collection Day means any day which is scheduled by the Municipality for municipal collection of collectible waste.
Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.
Collection Period means, with respect to any Payment Date, the period commencing on the first day of the calendar month immediately preceding the month in which such Payment Date occurs (and, in the case of the first Collection Period, the period from (but excluding) the Cutoff Date) and ending on the last day of the calendar month immediately preceding the month in which such Payment Date occurs.
Collection Date means the date on which the aggregate outstanding principal amount of the Advances have been repaid in full and all Interest and fees and all other Obligations (other than contingent indemnification and reimbursement obligations which are unknown, unmatured and/or for which no claim giving rise thereto has been asserted) have been paid in full, and the Borrower shall have no further right to request any additional Advances.
Reference Assets means the underlying interest contained in the Reference Portfolio, and “Reference Asset” means each of the Reference Assets.
Finance Charge Account is defined in Section 4.9(a).

Reference Pool Removal definition

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