Excess Funding Account definition
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.
In connection with the foregoing, the Seller shall endeavor (taking into account any seasonality experienced in the Accounts in the Trust) to minimize the amounts on deposit, from time to time, in the Excess Funding Account.
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 $ Excess Funding Account as a pct.
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 (d) Principal Receivables + Excess Funding Account -Minimum Agg.