Static Pool definition
Static Pool means a series of consumer loans underwritten with the same criteria during the same month, quarter, or year.
Static Pool means (a) a group of three Monthly Static Pools of all State Licensed Line of Credit Receivables in a common calendar quarter, commencing with the calendar quarter containing the Origination Date for the oldest State Licensed Line of Credit Receivable that has been pledged as Collateral hereunder, (b) group of three Monthly Static Pools of all State Licensed Installment Receivables in a common calendar quarter, commencing with the calendar quarter containing the
Static Pool means, collectively, Static Pool-A, Static Pool-B, Static Pool-C and Static Pool-D.
Examples of Static Pool in a sentence
Each delivery of a Monthly Report shall be deemed a representation and warranty by the Borrower that each of the Collateral Receivables included in the Borrowing Base set forth therein satisfies (i) in the case of Revolving Pool Collateral Receivables, each of the criteria set forth in clause (i) of the definition of Collateral Receivable and (ii) in the case of Static Pool Collateral Receivables, each of the criteria set forth in clause (ii) of the definition of Collateral Receivable.
More Definitions of Static Pool
Static Pool means that set of Specified Auto Loans acquired by the Issuer and pledged under the Indenture during a specified calendar quarter.
Static Pool means a group of Collateral Receivables originated in the same fiscal quarter.