The Pool Balance Clause Samples
The Pool Balance clause defines the total amount of funds or assets held collectively in a designated pool, typically for the benefit of multiple parties or participants. In practice, this clause specifies how the pool is calculated, what assets or contributions are included, and how the balance is tracked or reported over time. Its core function is to ensure transparency and accuracy in managing shared resources, preventing disputes by clearly outlining what constitutes the pool and how its value is determined.
The Pool Balance. With respect to the Mortgage Pool, the number of Mortgage Loans outstanding at the beginning and at the end of the related Due Period.