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

• Submission of a request for an Advance hereunder shall obligate Borrower to pay interest on such Advance in accordance with this Agreement from the date the proceeds of such Advance are deposited into the Pre-Funding Account.

• The disbursement of Advances will be funded (i) in the event the proceeds of such Advance will be applied to the purchase or origination of an Eligible Collateral Loan on such date, as directed by the Borrower in writing and otherwise in accordance with Section 2.02(b) as if such funds were being withdrawn from the Pre-Funding Account, or (ii) otherwise, directly into the Pre-Funding Account, subject to withdrawal as expressly permitted hereunder.

• The only permitted deposits to or withdrawals from the Pre-Funding Account shall be in accordance with the provisions of this Agreement.

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 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 account established and maintained pursuant to Section 3.17 of the Servicing Agreement.

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 Pre-Funding Account established pursuant to Section 4.02.

Pre-Funding Account. The account created and maintained with the Paying Agent by the Trust pursuant to Section 2.03.