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Distributions to Noteholders from certain withdrawals from the Pre-Funding Account: Amount withdrawn from the Pre-Funding Account as a result of the Pre-Funded Amount not being reduced to zero on the Distribution Date on or immediately preceding the end of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