Prefunding Account definition

Prefunding Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding 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 Prefunding Account shall be for the account of the Depositor.

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Prefunding Account means the account established as such pursuant to Section 4.01 and maintained pursuant to Section 4.07.

Prefunding Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of CSFB Home Equity Pass-Through Certificates, Series 2005-FIX1 Trust, Home Equity Pass-Through Certificates, Series 2005-FIX1. Funds in the Prefunding 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 Prefunding Account shall be for the account of the Depositor.

Examples of Prefunding Account in a sentence

On any Closing Date for a Series of Notes for which a Prefunding Account is established, the Issuer shall deposit with the Collection Account Bank for credit to the related Yield Maintenance Reserve Account the amount (if any) specified in the related Series Supplement.
If the maturity of the Notes has been accelerated following the occurrence and continuation of an Event of Default, the funds in each Prefunding Account shall be used in accordance with Section 2.09(b).
Any required deposits into the Reserve Accounts or applicable Prefunding Account, as the case may be, on any Closing Date may occur by deduction from the amount of proceeds of the issuance of the Notes on such Closing Date that otherwise would be disbursed to the Issuer, followed by deposit of the same into the applicable Reserve Account or Prefunding Account in accordance with the Cash Management Agreement or the applicable Series Supplement on such Closing Date.
For purposes of the Base Indenture (including Section 2.07(v) thereof), there shall be no Prefunding Period with respect to the Series 2026-1 Notes, and no Prefunding Account or Yield Maintenance Reserve Account shall be required to be established with respect to the Series 2026-1 Notes.

More Definitions of Prefunding Account

Prefunding Account with respect to a Series, if applicable, has the meaning given to such term in the related Series Supplement.

Prefunding Account. The separate Eligible Account created and maintained by the Securities Administrator pursuant to Section 4.06 in the name of the Trustee for the benefit of the Certificateholders and designated “Prefunding Account, ▇▇▇▇▇ Fargo Bank, N.A., as Securities Administrator, on behalf of Deutsche Bank National Trust Company, as Trustee, in trust for the registered Holders of HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2007-7.” Funds in the Prefunding 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 Prefunding Account shall be for the account of the Depositor.

Prefunding Account means the account designated as such, established and maintained pursuant to Section 2(c) of the Administration Agreement, which shall be an Eligible Deposit Account.

Prefunding Account. The segregated account, which shall be an Eligible Account, established and maintained pursuant to Section 3.16 and entitled "Bankers Trust Company of California, N.A., as Trustee for Aames Mortgage Trust 2002-1 Mortgage Pass-Through Certificates, Series 2002-1, Prefunding Account."

Prefunding Account means the “Prefunding Account” established by the Depositary pursuant to the Depository Agreement.

Prefunding Account. The separate Eligible Account created and maintained by the Trust Administrator pursuant to Section 3.05(g) in the name of the Trust Administrator for the benefit of the Certificateholders and designated “▇▇▇▇▇ Fargo Bank, N.A., in trust for registered holders of Credit Suisse First Boston Mortgage Securities Corp. CSFB Mortgage-Backed Pass-Through Certificates, Series 2004-3.” Funds in the Prefunding 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 Prefunding Account shall be for the account of the Depositor.

Prefunding Account. Not applicable.