Aggregate Pool II definition

Aggregate Pool II. Pool 5, Pool 6 and Pool 7.
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Aggregate Pool II. Pool 7, Pool 8, Pool 9 and Pool 10.
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Examples of Aggregate Pool II in a sentence

  • In each case, Principal Relocation Payments will be made so as to cause the Calculation Rate in respect of the outstanding Class A and Class B Interests to equal the Aggregate Pool II Subordinate Net WAC.

  • Upon exercise of such option, the property of the Trust Fund related to Aggregate Pool I or Aggregate Pool II, as applicable, shall be sold to the Master Servicer at a price equal to the related Redemption Price.

  • Upon exercise of such option, the property of the Trust Fund related to Aggregate Pool II shall be sold to the Depositor at a price equal to the related Redemption Price.

  • Lower-Tier REMIC 2 shall hold as assets all property of the Trust Fund relating to Aggregate Pool II (except for any related Excluded Trust Property).

  • On any Distribution Date occurring on or after the Pool II Initial Optional Purchase Date, Sunset has the option to cause the Trust Fund to adopt a plan of complete liquidation pursuant to Sections 7.02 and 7.03 hereof to sell all of its property related to Aggregate Pool II.

  • Upon exercise of any such option, the property of the Trust Fund relating to Aggregate Pool I, Aggregate Pool II or Pool 11 shall be sold to the Master Servicer at a price equal to the related Redemption Price.

  • In addition, there shall be two REMICs related to Aggregate Pool II: Lower-Tier REMIC II and Upper Tier REMIC II.

  • In no event, however, will the trust created by the Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Agreement of a certain person named in the Agreement.] [On any Distribution Date on which the Aggregate Stated Principal Balance for Aggregate Pool II is equal to or less than 5% of the Aggregate Stated Principal Balance for Aggregate Pool II as of the Cut-off Date, Sunset Financial Resources, Inc.

  • Lower-Tier REMIC 2 shall hold the assets of the Trust Fund related to Aggregate Pool II and shall issue several uncertificated interests, including the LT-R-2 Interest, which is hereby designated as the sole residual interest in Lower-Tier REMIC 2.

  • On the third related Initial Optional Purchase Date, the Master Servicer has the option to cause the Trust Fund to adopt a plan of complete liquidation pursuant to Sections 7.02 and 7.03 hereof to sell all of its property with respect to Aggregate Pool I, Aggregate Pool II or Pool 11, as applicable.

Related to Aggregate Pool II

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Aggregate Subordinated Percentage With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is equal to the aggregate Class Certificate Balance of the Subordinated Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to that prior Due Date).

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Aggregate Assets means the value of the Sub-Advised Assets and the Other Accounts on the Valuation Date during the applicable calendar month. The values for the Sub-Advised Assets and Other Accounts shall be as reported by the applicable custodian and fund administrator.

  • Aggregate Note Balance NOTE RATE: [___]% (Subject to $________________________________ Available Funds Rate) INITIAL NOTE BALANCE OF THIS BOND: BOND NO. 1 $________________________________ PERCENTAGE INTEREST: 100% CUSIP NO. [ ] Origen Manufactured Housing Contract Trust 2004-B (the "Issuer"), a Delaware statutory trust, for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of ($ ________________) in monthly installments on the fifteenth day of each month or, if such day is not a Business Day, the next succeeding Business Day (each a "Payment Date"), commencing in October 2004 and ending on or before the Payment Date occurring on the Final Stated Maturity Date and to pay interest on the Note Balance of this Note (this "Note") outstanding from time to time as provided below. This Note is one of a duly authorized issue of the Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2004-B (the "Notes"), issued under an Indenture dated as of September 1, 2004 (the "Indenture"), between the Issuer and JPMorgan Chase Bank, as indenture trustee (the "Indenture Trustee", which term includes any successor Indenture Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights thereunder of the Issuer, the Indenture Trustee, the Owner Trustee and the Holders of the Notes and the terms upon which the Notes are to be authenticated and delivered. All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. Payments of principal and interest on this Note will be made on each Payment Date to the Noteholder of record as of the related Record Date. The "Note Balance" of a Note as of any date of determination is equal to the initial Note Balance thereof, reduced by the aggregate of all amounts previously paid with respect to such Note on account of principal on all prior Payment Dates. The principal of, and interest on, this Note are due and payable as described in the Indenture, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuer with respect to this Note shall be equal to this Note's pro rata share of the aggregate payments on all Class B Notes as described above, and shall be applied as between interest and principal as provided in the Indenture. All principal and interest accrued on the Notes, if not previously paid, will become finally due and payable at the Final Stated Maturity Date. The Notes are subject to redemption in whole, but not in part, by the Servicer on any Payment Date on or after the Payment Date on which the Pool Principal Balance of the Contracts as of the end of the prior Due Period is less than or equal to 20% of the aggregate Principal Balance of the Contracts as of Cut-off Date. The Issuer shall not be liable upon the indebtedness evidenced by the Notes except to the extent of amounts available from the Trust Estate which constitute security for the payment of the Notes. The assets included in the Trust Estate will be the sole source of payments on the Notes, and each Holder hereof, by its acceptance of this Note, agrees that (i) such Note will be limited in right of payment to amounts available from the Trust Estate as provided in the Indenture and (ii) such Holder shall have no recourse to the Issuer, the Owner Trustee, the Indenture Trustee, the Seller, the Originator, the Servicer or any of their respective affiliates, or to the assets of any of the foregoing entities, except the assets of the Issuer pledged to secure the Notes pursuant to the Indenture and the rights conveyed to the Issuer under the Indenture.