Common use of Pre-Funding Account Clause in Contracts

Pre-Funding Account. (a) On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Funding Account"), which must be an Eligible Account. The Pre-Funding account is to be held by and for the benefit of the Trustee on behalf of the Certificateholders, and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)

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Pre-Funding Account. (a) The Trustee shall establish and maintain the Pre-Funding Account to be held in trust for the benefit of the Certificateholders. The Pre-Funding Account shall be an Eligible Account. On or before the Closing Date, the Trustee shall establish a pre-funding account (Depositor will cause to be deposited in the "Pre-Funding Account"), which must be an Eligible AccountAccount the Original Pre-Funded Amount. The Amounts on deposit in the Pre-Funding account is to Account shall be held invested by and for the benefit Trustee at the direction of the Trustee on behalf of the Certificateholders, and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the TrusteeDepositor.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Saxon Asset Sec Co Mort Loan Asset Backed Certs Ser 2003-3), Pooling and Servicing Agreement (Saxon Asset Securities Co), Pooling and Servicing Agreement (Saxon Asset Securities Co)

Pre-Funding Account. (a) On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Funding Account"), which must be an Eligible Account. The Pre-Funding account Account is to be held by and for the benefit of the Trustee on behalf of the Certificateholders, and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)

Pre-Funding Account. (a) The Trustee shall establish and maintain the Pre-Funding Account to be held in trust for the benefit of the Certificateholders. The Pre-Funding Account shall be an Eligible Account. On or before the Closing Date, the Trustee shall establish a pre-funding account (Depositor will cause to be deposited in the "Pre-Funding Account"), which must be an Eligible Account. The Account the Original Pre-Funding account is to be held by and for the benefit of the Trustee on behalf of the Certificateholders, and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the TrusteeFunded Amount.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Saxon Asset Securities Trust 2002-1), Pooling and Servicing Agreement (Saxon Asset Securities Trust 2002-2), Pooling and Servicing Agreement (Saxon Asset Securities Trust 2002-2)

Pre-Funding Account. (a) The Trustee shall establish and maintain the Pre-Funding Account to be held in trust for the benefit of the Certificateholders. The Pre-Funding Account shall be an Eligible Account. On or before the Closing Date, the Trustee shall establish a pre-funding account (Depositor will cause to be deposited in the "Pre-Funding Account"), which must be an Eligible Account. The Account the Original Pre-Funding account is to be held by and for the benefit of the Trustee on behalf of the Certificateholders, and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.Funded Amount;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Saxon Asset Securities Co), Pooling and Servicing Agreement (Saxon Asset Securities Co Mort Ln as Back Cert Se 2002 3)

Pre-Funding Account. (a) On or before the Closing Date, the Trustee shall establish a pre-pre- funding account (the "Pre-Funding Account"), which must be an Eligible Account. The Pre-Funding account is to be held by and for the benefit of the Trustee on behalf of the Certificateholders, and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc Omi Trust 2000-D), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)

Pre-Funding Account. (a) On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Funding Account")Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein the amount received from the Seller pursuant to Section 2.02(l). The Pre-Funding account is to Account shall be held by and entitled "Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of the Trustee on behalf holders of the CertificateholdersHome Equity Loan Certificates, and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.Series 2002-A."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Pre-Funding Account. (a) a. On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Pre- Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to Account shall be held by and entitled "Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of holders of Certificates, Series 1999- 1." The Trustee shall maintain within the Trustee on behalf of Pre-Funding Account two subaccounts, the Certificateholders, Pre-Funding Subaccount and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Pre-Funding Account. (a) a. On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to Account shall be held by and entitled "Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of holders of Certificates, Series 1999-2." The Trustee shall maintain within the Trustee on behalf of Pre-Funding Account two subaccounts, the Certificateholders, Pre-Funding Subaccount and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Pre-Funding Account. (a) On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Pre- Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to Account shall be held by and entitled "Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of holders of Certificates, Series 2001- 4." The Trustee shall maintain within the Trustee on behalf of Pre-Funding Account two subaccounts, the Certificateholders, Pre-Funding Subaccount and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

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Pre-Funding Account. (a) a. On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to be held by and for the benefit of the Trustee on behalf of the Certificateholders, and shall be either in deposit therein the Trustee's name or designated in a manner that reflects amounts received from the custodial nature of the account and that all funds Company pursuant to Section 2.02(excluding investment earnings thereon) in such account are held for the benefit of the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Pre-Funding Account. (a) a. On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to Account shall be held by and entitled "Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of holders of Certificates, Series 2000-1." The Trustee shall maintain within the Trustee on behalf of Pre- Funding Account two subaccounts, the Certificateholders, Pre-Funding Subaccount and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Pre-Funding Account. (a) On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Pre- Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to Account shall be held by and entitled "Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of the Trustee on behalf holders of the CertificateholdersCertificates, Series 2001- 2, and the Certificate Insurer." The Trustee shall be either in maintain within the Trustee's name or designated in a manner that reflects Pre- Funding Account two subaccounts, the custodial nature of the account Pre-Funding Subaccount and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Pre-Funding Account. (a) a. On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Pre- Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to Account shall be held by and entitled "Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of holders of Certificates, Series 2000- 2." The Trustee shall maintain within the Trustee on behalf of Pre-Funding Account two subaccounts, the Certificateholders, Pre-Funding Subaccount and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Pre-Funding Account. (a) a. On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Pre- Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to Account shall be held by and entitled Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 1997-8". Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee on behalf for the Holders of the Certificateholders, and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held Certificates for the benefit of the Trusteeuses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Pre-Funding Account. (a) a. On or before the Closing Date, the Trustee shall establish a pre-funding account (the "Pre-Pre- Funding Account")Account on behalf of the Trust, which must be an Eligible Account. The Pre-Funding account is to Account shall be held by and entitled "Pre-Funding Account, U.S. Bank National Association as Trustee for the benefit of holders of Certificates, Series 2001- 3." The Trustee shall maintain within the Trustee on behalf of Pre-Funding Account two subaccounts, the Certificateholders, Pre-Funding Subaccount and shall be either in the Trustee's name or designated in a manner that reflects the custodial nature of the account and that all funds (excluding investment earnings thereon) in such account are held for the benefit of the Trustee.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

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