The Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee shall establish and maintain a segregated trust account that is an Eligible Account, which shall be titled "Pre-Funding Account, Bankers Trust Company of California, National Association, as indenture trustee for the registered holders of IMH Assets Corp., Collateralized Asset-Backed Bonds, Series 2002-1" (the "Pre-Funding Account"). The Indenture Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Indenture Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for the Bondholders and the Bond Insurer for the uses and purposes set forth herein.
The Pre-Funding Account. (a) The Indenture Trustee shall establish and maintain in the Issuer’s name, a trust account entitled “[Pre-Funding Account], in trust for the benefit of the Holders of “____________ Mortgage Loan Owner Trust 200__-__Mortgage Loan Asset Backed Notes Series _____” and the funds therein shall be used solely for the purchase of Subsequent Mortgage Loans. The Pre-Funding Account shall be an Eligible Account and if the account ceases to be an Eligible Account, the Indenture Trustee shall establish a new Pre-Funding Account that is also an Eligible Account within five Business Days and transfer all funds and investment property on deposit in the Pre-Funding Account into such new Pre-Funding Account. On the Closing Date, the Depositor shall cause to be deposited the Pre-Funding Amount, into the Pre-Funding Account. On any subsequent Transfer Date, provided the conditions set forth in Section 2.01(a) have been fully satisfied, the Indenture Trustee shall cause to be withdrawn from the Pre-Funding Account an amount equal to the Transfer Price of any Subsequent Mortgage Loans as of any applicable Transfer Date sold to the Issuer and to pay such Transfer Price to the Depositor. In no event shall the Indenture Trustee withdraw from the Pre-Funding Account an amount in excess of the Pre-Funding Amount or withdraw funds from the Pre-Funding Account during the Pre-Funding Period for any other purpose.
The Pre-Funding Account. (a) The Trustee shall establish and maintain in its name, as trustee, a trust account (the "Pre-Funding Account") entitled "Pre-Funding Account, Bank One, National Association, as Trustee, in trust for the benefit of the Holders of Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2001-BC6". The Pre-Funding Account shall be an Eligible Account and if it ceases to be an Eligible Account, the Trustee shall establish a new Pre-Funding Account that is also an Eligible Account within five Business Days and transfer all funds and investment property on deposit in the Existing Pre-Funding Account into such new Pre-Funding Account. On the Closing Date, the Depositor shall cause to be deposited into the Pre-Funding Account, the Initial Pre-Funding Account. On any subsequent Transfer Date, provided the conditions set forth in Section 2.01(b) have been fully satisfied, the Trustee shall cause to be withdrawn from the Pre-Funding Account an amount equal to Transfer Price of any Subsequent Mortgage Loans as of any applicable Transfer Date sold to the Trust Fund and to pay such Transfer Price to the Depositor. In no event shall the Trustee withdraw from the Pre-Funding Account an amount in excess of the Initial Pre-Funding Account or withdraw funds from the Pre-Funding Account during the Pre-Funding Period for any other purpose.
The Pre-Funding Account. Section 4.10 The Interest Coverage Account.
The Pre-Funding Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account that is an Eligible Account, which shall be titled “Pre-Funding Account, JPMorgan Chase Bank, National Association, as Trustee, in trust for the registered Holders of 2005-CB8 Trust, C-BASS Mortgage Loan Asset-Backed Certificates, Series 2005-CB8 (the “Pre-Funding Account”). The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.
The Pre-Funding Account. (a) The Trustee shall establish and maintain the Pre-Funding Account which shall be titled "Pre-Funding Account, First Union National Bank, as trustee for the registered holders of Emergent Home Equity Loan Trust 1997-3, Mortgage Pass-Through Certificates, Series 1997-3, Class A-1, Class X-0, Xxxxx X-0, Class A-4, Class A-5, Class A-6 and Class R" (the "Pre-Funding Account"). Such Account shall be an Eligible Account. Upon receipt of the proceeds of the sale of the Certificates, on the Closing Date, the Trustee shall, upon the Seller's direction, from the proceeds of the sale of the Certificates, deposit, on behalf of the Certificateholders in the Pre-Funding Account, the Original Pre-Funded Amount.
The Pre-Funding Account. (a) The Indenture Trustee shall establish and maintain, on behalf of the Noteholders, the Pre-Funding Account. On the Closing Date the Depositor shall remit the Original Pre-Funded Amount to the Indenture Trustee for deposit in the Pre-Funding Account. On each Subsequent Transfer Date, upon satisfaction of the conditions in Section 2.01 of the Sale and Servicing Agreement, the Indenture Trustee shall withdraw from the Pre-Funding Account 100% of the aggregate of the Cut-off Date Principal Balances of the Subsequent Mortgage Loans sold to the Trust Fund on the Subsequent Transfer Date and pay that amount to the order of the Seller. On the Business Day before the Payment Date following the end of the Funding Period, the Indenture Trustee shall (i) withdraw the unused Pre-Funded Amount from the Pre-Funding Account, (ii) promptly deposit such amount in the Payment Account, and (iii) pay such amount to the Notes on the Payment Date pursuant to Section 4.02. The amount deposited in the Payment Account pursuant to the preceding paragraph shall be net of any investment earnings on the amounts on deposit in the Pre-Funding Account.
The Pre-Funding Account. [The Revolving Account].
The Pre-Funding Account. (a) The Indenture Trustee shall establish and maintain with itself a separate trust account (the "Pre-Funding Account") entitled "First Union National Bank as Indenture Trustee, in trust for the registered holders of Emergent Home Equity Loan Trust 1997-4, Asset Backed Notes, Series 1997-4 Pre-Funding Account." Such Account shall be an Eligible Account. Upon receipt of the proceeds of the sale of the Notes, on the Closing Date, the Issuer shall, from the proceeds of the sale of the Notes, deposit, on behalf of the Noteholders, in the Pre-Funding Account, the Original Pre-Funded Amount. Funds in the Pre-Funding Account shall be invested in Permitted Investments, at the direction of the Servicer, in accordance with Section 8.12 hereof and Section 3.14 of the Sale and Servicing Agreement. The Indenture Trustee shall give notice to the Issuer, the Servicer and the Insurer of the location of the Pre-Funding Account when established and prior to any change thereof.
The Pre-Funding Account. (a) The Securities Administrator has heretofore established or caused to be established and shall hereafter maintain or cause to be maintained a separate account (the “Pre-Funding Account”), which is and shall continue to be an Eligible Account in the name of the Securities Administrator and shall be designated “Pre-Funding Account, [ - ], as Securities Administrator, in trust for Holders of the First NLC Securitization Trust 200 - , Asset-Backed Securities.” Any investment earnings from Pre-Funding Account will be paid to the Seller on each Payment Date during the Pre-Funding Period; provided, however, that if the final Subsequent Sale Date occurs after the Payment Date in a month, on such Subsequent Sale Date, the Securities Administrator shall (i) transfer the amount remaining on deposit in the Pre-Funding Account at the end of the Pre-Funding Period from the Pre-Funding Account to the Collection Account, (ii) transfer any investment earnings to the Sellers as soon as practicable and (iii) close the Pre-Funding Account. The amount on deposit in the Pre-Funding Account shall be invested only in Eligible Investments. All investment earnings on funds on deposit in the Pre-Funding Account will be treated as owned by, and will be taxable to, the Sellers.
