Pre-Funding Account definition

Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.
Pre-Funding Account. The account established and maintained pursuant to Section 4.05, as defined herein, and which must be an Eligible Account.
Pre-Funding Account. The Pre-Funding Account established in accordance with Section 6.04 hereof and maintained by the Trustee.

Examples of Pre-Funding Account in a sentence

  • 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.

  • Distributions to Noteholders from certain withdrawals from the Pre-Funding Account: Amount withdrawn from the Pre-Funding Account as a result of the Pre-Funded Amount not being reduced to zero on the Distribution Date on or immediately preceding the end of the Funding Period.

  • On any Distribution Date following the Due Period at the end of which the Pool Balance is less than 10% of the sum of the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date and the amount deposited in the Pre-Funding Account on the Closing Date, the Servicer will have the option to repurchase, in whole, from the Trust the Mortgage Loans at a purchase price determined as provided in the Agreement.

  • Transfer from Pre-Funding Account for Subsequent Receivables 0.00 4.

  • 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.


More Definitions of Pre-Funding Account

Pre-Funding Account has the meaning specified in Section 5.1.
Pre-Funding Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.
Pre-Funding Account. The account established and maintained pursuant to Section 3.17 of the Servicing Agreement.
Pre-Funding Account means the account designated as such, established and maintained pursuant to Section 4.1(b).
Pre-Funding Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York, in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2001-1." Funds in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder, provided, however that any investment income earned from Permitted Investments made with funds in the Pre-Funding Account will be for the account of the Depositor.
Pre-Funding Account. The Pre-Funding Account established pursuant to Section 4.02.
Pre-Funding Account. The account established and maintained pursuant to Section 3.27.