Common use of Pre-Funding Account Clause in Contracts

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 [___] (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% ___]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date [less the Yield Supplement Overcollateralization Amount Amount] with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.]

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of (i) the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the sum of (A) the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to B) the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder such amount to or upon the order of the Depositor as payment for upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, and (ii) the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent ReceivablesTransfer Date and, on behalf of the Depositor, deposit such amount in the Reserve Account. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 [ ] (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% [ ]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 205,644,251.67 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of (i) the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the sum of (A) the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to B) the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder such amount to or upon the order of the Depositor as payment for upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, and (ii) the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent ReceivablesTransfer Date and, on behalf of the Depositor, deposit such amount in the Reserve Account. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. (a) On the Closing Date, the Depositor Seller shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) 202,210,941.29 from the net proceeds of the sale of the Notes. On or prior to the Business Day immediately preceding each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall calculate the following amounts and instruct the Indenture Trustee to withdraw such amounts from the Pre-Funding Account on such Subsequent Transfer Date: (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less an amount equal to the Yield Supplement Overcollateralization Amount with respect sum of the amounts described in clauses (ii) through (iv) of this sentence, which amount the Indenture Trustee shall distribute to the Seller on such Subsequent Receivables as of the related Cutoff Date and Transfer Date, (ii)) the Subsequent Reserve Account Deposit for such Subsequent Transfer Date, which amount the Indenture Trustee shall deposit to the Reserve Account on behalf of the Depositor, deposit into the Reserve Account a portion of Seller on such funds equal to the Reserve Account Subsequent Transfer Deposit with respect Date, (iii) if the Yield Supplement Account has not been replaced by a Yield Supplement Letter of Credit on or prior to such Subsequent Transfer Date and distribute Date, the remainder to or upon the order of the Depositor as payment Subsequent Yield Supplement Account Deposit for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in Transfer Date, which the Funding Period, if any, ends, the Servicer shall instruct amount the Indenture Trustee shall deposit to transfer from the Pre-Funding Yield Supplement Account on behalf of the Seller on such Payment Date any Subsequent Transfer Date, and (iv) the Subsequent Payahead Account Deposit, which amount then remaining in the Pre-Funding Account Indenture Trustee shall deposit to the Note Distribution Payahead Account for distribution in accordance with Section 8.02(g) on behalf of the IndentureSeller on such Subsequent Transfer Date.

Pre-Funding Account. (a) On the Closing Date, the Depositor Seller shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) 382,948,795.62 from the net proceeds of the sale of the Notes. On or prior to the Business Day immediately preceding each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall calculate the following amounts and instruct the Indenture Trustee to withdraw such amounts from the Pre-Funding Account on such Subsequent Transfer Date: (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less an amount equal to the Yield Supplement Overcollateralization Amount with respect sum of the amounts described in clauses (ii) through (iv) of this sentence, which amount the Indenture Trustee shall distribute to the Seller on such Subsequent Receivables as of the related Cutoff Date and Transfer Date, (ii)) the Subsequent Reserve Account Deposit for such Subsequent Transfer Date, which amount the Indenture Trustee shall deposit to the Reserve Account on behalf of the Depositor, deposit into the Reserve Account a portion of Seller on such funds equal to the Reserve Account Subsequent Transfer Deposit with respect Date, (iii) if the Yield Supplement Account has not been replaced by a Yield Supplement Letter of Credit on or prior to such Subsequent Transfer Date and distribute Date, the remainder to or upon the order of the Depositor as payment Subsequent Yield Supplement Account Deposit for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in Transfer Date, which the Funding Period, if any, ends, the Servicer shall instruct amount the Indenture Trustee shall deposit to transfer from the Pre-Funding Yield Supplement Account on behalf of the Seller on such Payment Date any Subsequent Transfer Date, and (iv) the Subsequent Payahead Account Deposit, which amount then remaining in the Pre-Funding Account Indenture Trustee shall deposit to the Note Distribution Payahead Account for distribution in accordance with Section 8.02(g) on behalf of the IndentureSeller on such Subsequent Transfer Date.

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 241,399,144.87 (the “Initial Pre-Funding Account Initial DepositFunded Amount”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of (i) the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder such amount to or upon the order of the Depositor as payment for upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, and (ii) the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent ReceivablesTransfer Date and, on behalf of the Depositor, deposit such amount in the Reserve Account. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, Period ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 [___] (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% ___]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. (a) On the Closing Date, the Depositor Seller shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) [ ] from the net proceeds of the sale of the Notes. On or prior to the Business Day immediately preceding each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall calculate the following amounts and instruct the Indenture Trustee to withdraw such amounts from the Pre-Funding Account on such Subsequent Transfer Date: (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less an amount equal to the Yield Supplement Overcollateralization Amount with respect sum of the amounts described in clauses (ii) through (iv) of this sentence, which amount the Indenture Trustee shall distribute to the Seller on such Subsequent Receivables as of the related Cutoff Date and Transfer Date, (ii)) the Subsequent Reserve Account Deposit for such Subsequent Transfer Date, which amount the Indenture Trustee shall deposit to the Reserve Account on behalf of the Depositor, deposit into the Reserve Account a portion of Seller on such funds equal to the Reserve Account Subsequent Transfer Deposit with respect Date, (iii) if the Yield Supplement Account has not been replaced by a Yield Supplement Letter of Credit on or prior to such Subsequent Transfer Date and distribute Date, the remainder to or upon the order of the Depositor as payment Subsequent Yield Supplement Account Deposit for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in Transfer Date, which the Funding Period, if any, ends, the Servicer shall instruct amount the Indenture Trustee shall deposit to transfer from the Pre-Funding Yield Supplement Account on behalf of the Seller on such Payment Date any Subsequent Transfer Date, and (iv) the Subsequent Payahead Account Deposit, which amount then remaining in the Pre-Funding Account Indenture Trustee shall deposit to the Note Distribution Payahead Account for distribution in accordance with Section 8.02(g) on behalf of the IndentureSeller on such Subsequent Transfer Date.

Pre-Funding Account. On the Closing Date, the Depositor Seller shall deposit in the Pre-Funding Account $0.00 202,869,424.36 (the “Initial Pre-Funding Account Initial DepositFunded Amount”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of (i) the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder such amount to or upon the order of the Depositor as payment for Seller upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, and (ii) the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent ReceivablesTransfer Date and, on behalf of the Seller, deposit such amount in the Reserve Account. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, Period ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee shall establish and maintain on behalf of the Enhancer and the Noteholders one or more segregated trust accounts, which shall be Eligible Accounts, titled "Pre-Funding Account, JPMorgan Chase Bank, as Indenture Trustee for Wachovia Asset Securitization, Inc. 2002-HE1 Trust" (the "Pre-Funding Account"). On the Closing Date, the Depositor Seller shall deposit in into the Pre-Funding Account $0.00 (an amount equal to the “Original Pre-Funding Account Initial Deposit”) Funded Amount from the net proceeds of the sale of the NotesSecurities. On each Subsequent Transfer Date, if anythe Servicer shall instruct the Indenture Trustee in writing to withdraw from the Pre-Funding Account an amount equal to the aggregate Principal Balance as of the related Subsequent Cut-Off Date of the Subsequent Mortgage Loans to be sold to the Trust on such Subsequent Transfer Date and allocate such withdrawal to amounts on deposit in the Pre-Funding Account, and to pay such amount to or upon the order of the Seller upon satisfaction of the conditions set forth in Section 2.03(b) this Agreement, in the Purchase Agreement and in the related Subsequent Transfer Agreement with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenturethereto.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee shall establish and maintain on behalf of itself one or more segregated trust accounts, which shall be Eligible Accounts, titled "Pre-Funding Account, JPMorgan Chase Bank, National Association, as Indenture Trustee for GMACM Home Equity Loan Trust 2006-HE4" (the "Pre-Funding Account"). On the Closing Date, the Depositor GMACM shall deposit in into the Pre-Funding Account $0.00 (an amount equal to the “Original Pre-Funding Account Initial Deposit”) Funded Amount from the net proceeds of the sale of the NotesSecurities. On each Subsequent Transfer Date, if anythe Servicer shall instruct the Indenture Trustee in writing to withdraw from the Pre-Funding Account an amount equal to the aggregate Principal Balance as of the related Subsequent Cut-Off Date of the Subsequent Mortgage Loans to be sold to the Trust on such Subsequent Transfer Date and purchased with funds on deposit in the Pre-Funding Account, and to pay such amount to or upon the order of GMACM upon satisfaction of the conditions set forth in Section 2.03(b) this Agreement, in the Purchase Agreement and in the related Subsequent Transfer Agreement with respect to such transfer, the Servicer thereto. In no event shall instruct the Indenture Trustee be liable for any investment losses on Permitted Investments held in or credited to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% Account, provided that such investments are made in accordance with the provisions of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date this Agreement and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from is not the Pre-Funding Account on such Payment Date any amount then remaining in obligor under the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the IndenturePermitted Investment.

Pre-Funding Account. On the Closing Date, the Depositor Seller shall deposit in the Pre-Funding Account $0.00 223,676,178.75 (the “Initial Pre-Funding Account Initial DepositFunded Amount”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of (i) the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder such amount to or upon the order of the Depositor as payment for Seller upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, and (ii) the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent ReceivablesTransfer Date and, on behalf of the Seller, deposit such amount in the Reserve Account. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, Period ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% 97.75% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

Pre-Funding Account. On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 [ ] (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% [ ]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date [less the Yield Supplement Overcollateralization Amount Amount] with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.]