The Pool Factor Clause Samples

The Pool Factor clause defines the proportion of the original principal amount of a pool of loans or securities that remains outstanding at a given time. In practice, this clause is commonly used in asset-backed securities or mortgage-backed securities, where the pool factor is periodically updated to reflect principal repayments made by borrowers. By providing a standardized measure of the remaining principal, the clause ensures transparency for investors and facilitates accurate valuation and trading of the securities.
The Pool Factor. The Pool Factor (which represents the ratio of the amount of the Investor Interest on the last day of the Monthly Period to the amount of the Investor Interest as of the Closing Date). The amount of a Certificateholder's pro rata share of the Investor Participation Amount can be determined by multiplying the original denomination of the holder's Certificate by the Pool Factor Class A Class B
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The Pool Factor. (a) The Class A Pool Factor (which represents the ratio of the amount of the Class A Investor Amount on the last day of the month of _____________, 199__ (adjusted for the Class A Charge Offs set forth in 10(d) above and the amount of the reimbursement set forth in 10(g) above) to the amount of the Class A Investor Amount as of the Initial Closing Date). The amount of a Certificateholder's pro rata share of the Investor Amount can be determined by multiplying the original denomination of the holder's Certificate by the relevant Pool Factor..
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The Pool Factor. 1. The Class A-1 Note Pool Factor immediately before such Distribution Date 2. The Class A-2 Note Pool Factor immediately after such Distribution Date 3. The Class B Note Pool Factor immediately after such Distribution Date 4. The Class A-1 Note Pool Factor immediately before such Distribution Date 5. The Class A-2 Note Pool Factor immediately after such Distribution Date 6. The Class B Note Pool Factor immediately after such Distribution Date U. Delinquent Contracts 1. 31-59 Days # $ 2. 60-89 Days # $ 3. 90 or More Days # $
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Related to The Pool Factor

  • Interest Factor With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Reset Period. The interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. In the case of a series of Notes that bear interest at floating rates as to which the Constant Maturity Swap Rate is the Interest Rate Basis, the interest factor for each day will be computed by dividing the number of days in the interest period by 360 (the number of days to be calculated on the base is of a year of 360 days with twelve 30-day months (unless (i) the last day of the interest period is the 31st day of a month but the first day of the interest period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (ii) the last day of the interest period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)). The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied.

  • NET INVESTMENT FACTOR The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • Principal Balance Each Receivable had a remaining Principal Balance as of the Cutoff Date of not less than $500.

  • Original Class B Principal Balance The Original Class B Principal Balance is $7,500,485.88.

  • Power Factor The Power Producer shall maintain the Power Factor as per the prevailing GERC regulations and as may be stipulated / specified by GETCO from time to time. The Power Producer shall provide suitable protection devices, so that the Electric Generators could be isolated automatically when grid supply fails. Connectivity criteria like short circuit level (for switchgear), neutral Grounding, fault clearance time, current unbalance (including negative and zero sequence currents), limit of harmonics etc. shall be as per Grid Code.