Examples of Excess Funding Account in a sentence
The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Excess Funding Account and in all proceeds thereof.
Beginning Period Balance $ Net Deposits / (Withdrawals) $ Ending Period Balance $ Determination Date balance before giving effect to Payment Date Cashflows $ Determination Date balance after giving effect to Payment Date Cashflows $ Backup Servicer Reserve Account $ Memo Excess Funding Account as a pct.
Subject to the immediately succeeding sentence, any amount not distributed to the holders of the Transferor Interest in accordance with the proviso to the preceding sentence shall be deposited by the Servicer (on the date not so distributed) into the Excess Funding Account.
Notwithstanding the foregoing and any other provisions of this Supplement, amounts payable to the Transferor shall instead be deposited in the Excess Funding Account to the extent necessary to prevent the Transferor Interest from being less than the Minimum Transferor Interest.
No (h) Principal Receivables + Excess Funding Account < Minimum Agg.