Pre-Funding Account definition

Pre-Funding Account means the account so designated, established and maintained pursuant to Section 8.07.
Pre-Funding Account means the account designated as such, established and maintained pursuant to Section 5.1(a) of the Sale and Servicing Agreement.
Pre-Funding Account means the account, if any, designated as such, established and maintained pursuant to Section 5.01(a)(iv) of the Sale and Servicing Agreement.

Examples of Pre-Funding Account in a sentence

At no time will the Pre-Funding Account be an asset of any REMIC created hereunder.

Distributions to Noteholders from certain withdrawals from the Pre-Funding Account: Amount withdrawn from the Pre-Funding Account as a result of the Pre-Funded Amount not being reduced to zero on the Distribution Date on or immediately preceding the end of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

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 Trustee shall establish and maintain, on behalf of the Certificateholders, the Pre-Funding Account.

For federal income tax purposes, the Depositor shall be the owner of the Pre-Funding Account and shall report all items of income, deduction, gain or loss arising therefrom.


More Definitions of Pre-Funding Account

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 means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.
Pre-Funding Account means the account designated as such, established and maintained pursuant to Section 4.1(b).
Pre-Funding Account means the account established and maintained pursuant to subsection 4.17(a).
Pre-Funding Account means an account designated as such, established and maintained pursuant to Section 2.10(j) of the Administration Agreement.
Pre-Funding Account means the account established and maintained pursuant to subsection 4.14(a) of the Agreement.
Pre-Funding Account means the account designated as such, established and maintained pursuant to Section 5.01 of the Sale and Servicing Agreement (including, unless otherwise expressly stated, the Subsequent Pool Pre-Funding Subaccount and the Other Additional Pre-Funding Subaccount).