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.

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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 account designated as the Pre-Funding Account in, and which is established and maintained pursuant to, Section 4.1(b).

Examples of Pre-Funding Account in a sentence

At no time will the Pre-Funding Account be an asset of any REMIC created hereunder.
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.
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.
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.
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 means the account established and maintained pursuant to subsection 4.14(a) of the Agreement.

Pre-Funding Account. The account established and maintained pursuant to Section 3.17 of the Servicing Agreement.

Pre-Funding Account. The separate Eligible Account created and maintained by the Trustee with respect to the Mortgage Loans pursuant to Section 3.05(f) in the name of the Trustee for the benefit of the Certificateholders and designated "JPMorgan Chase Bank, in trust for registered holders of Home Equity Mortgage Pass-Through Certificates, Series 2002-2." 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 Eligible Investments made with funds in the Pre-Funding Account shall be for the account of the Depositor.

Pre-Funding Account. Each of the Pre-Funding Accounts established in accordance with Section 8.01(b) of the Indenture and maintained by the Indenture Trustee.

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.