Anyone able to confirm if this means what I think it means?

I think it means it won't overwrite the tape until there are no more free tapes in the pool.
When all the tapes in the pool have been used it will start at the beginning and start writing over the earliest tape used?
I'm worried it could mean every job begins on the first tape in the pool and writes to as many tapes as required. The next job starts at the beginning overwriting the job that ran just before it?
So which way around does the logic work here?