Common use of Pre-Funding Account Clause in Contracts

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, shall establish and maintain, a segregated trust account that is an Eligible Account, which shall be titled “Pre-Funding Account, JPMorgan Chase Bank, National Association, as Indenture Trustee for the registered holders of NovaStar Mortgage Funding Trust 2006-MTA1, Home Equity Loan Asset-Backed Certificates, Series 2006-MTA1” (the “Pre-Funding Account”). The Indenture 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 Indenture Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for the Noteholders for the uses and purposes set forth herein.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Trustee shall establish and maintain, maintain a segregated trust account that is an Eligible Accountor sub-account of a trust account, which shall be titled “Pre-Funding Account, JPMorgan Chase Bank, LaSalle Bank National Association, as Indenture Trustee trustee for the registered benefit of holders of NovaStar Mortgage Funding Trust 2006-MTA1Bear Xxxxxxx Asset Backed Securities I LLC, Home Equity Loan Asset-Backed Certificates, Series 20062005-MTA1HE9” (the “Pre-Funding Account”). The Indenture Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Funding Amount remitted on the Closing Date to the Indenture Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for the Noteholders Holders of the Certificates related to Loan Group I and Loan Group II for the uses and purposes set forth herein.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Securities Administrator shall establish and maintain, maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account that is an Eligible Account, which shall be titled “"Pre-Funding Account, JPMorgan Chase Bank, U.S. Bank National Association, as Indenture Trustee trustee for the registered holders of NovaStar Terwin Mortgage Funding Trust 20062004-MTA122SL, Home Equity Loan Asset-Backed Certificates, TMTS Series 20062004-MTA1” 22SL" (the “"Pre-Funding Account”"). The Indenture Trustee Securities Administrator, as agent for 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 Indenture Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for on behalf of the Noteholders Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Securities Administrator shall establish and maintain, maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account that is an Eligible Account, which shall be titled “"Pre-Funding Account, JPMorgan Chase Bank, U.S. Bank National Association, as Indenture Trustee trustee for the registered holders of NovaStar Terwin Mortgage Funding Trust 20062004-MTA13HE, Home Equity Loan Asset-Backed Certificates, TMTS Series 20062004-MTA1” 3HE" (the “"Pre-Funding Account”"). The Indenture Trustee Securities Administrator, as agent for 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 Indenture Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for on behalf of the Noteholders Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Securities Administrator shall establish and maintain, maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account that is an Eligible Account, which shall be titled “"Pre-Funding Account, JPMorgan Chase Bank, U.S. Bank National Association, as Indenture Trustee trustee for the registered holders of NovaStar Terwin Mortgage Funding Trust 20062004-MTA15HE, Home Equity Loan Asset-Backed Certificates, TMTS Series 20062004-MTA1” 5HE" (the “"Pre-Funding Account”"). The Indenture Trustee Securities Administrator, as agent for 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 Indenture Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for on behalf of the Noteholders Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Trustee shall establish and maintain, maintain a segregated trust account that is an Eligible Accountor sub-account of a trust account, which shall be titled “Pre-Funding Account, JPMorgan Chase Bank, LaSalle Bank National Association, as Indenture Trustee trustee for the registered benefit of holders of NovaStar Mortgage Funding Trust 2006-MTA1Bear Xxxxxxx Asset Backed Securities I LLC, Home Equity Loan Asset-Backed Certificates, Series 20062005-MTA1HE10” (the “Pre-Funding Account”). The Indenture Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Funding Amount remitted on the Closing Date to the Indenture Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for the Noteholders Holders of the Certificates for the uses and purposes set forth herein.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Trust Administrator shall establish and maintain, maintain a segregated trust account that is an Eligible Account, which shall be titled “"Pre-Funding Account, JPMorgan Chase U.S. Bank National Association as Trust Administrator for Firstar Bank, National AssociationN.A., as Indenture Trustee for the registered holders of NovaStar Salomon Brothers Mortgage Funding Trust 2006Securities VII, Inc., New Century Floating Rate Mortgage Pass-MTA1, Home Equity Loan Asset-Backed Through Certificates, Series 20061999-MTA1” NC4" (the “"Pre-Funding Account”"). The Indenture Trustee Trust Administrator 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 Indenture Trustee Trust Administrator by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee Trust Administrator for the Noteholders Certificateholders for the uses and purposes set forth herein.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Securities Administrator shall establish and maintain, maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account that is an Eligible Account, which shall be titled “"Pre-Funding Account, JPMorgan Chase Bank, U.S. Bank National Association, as Indenture Trustee trustee for the registered holders of NovaStar Terwin Mortgage Funding Trust 20062005-MTA116HE, Home Equity Loan Asset-Backed Certificates, TMTS Series 20062005-MTA1” 16HE" (the “"Pre-Funding Account”"). The Indenture Trustee Securities Administrator, as agent for 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 Indenture Securities Administrator on behalf of the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for and the Noteholders Securities Administrator on behalf of the Certificateholders for the uses and purposes set forth herein.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Securities Administrator shall establish and maintain, maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account that is an Eligible Account, which shall be titled “"Pre-Funding Account, JPMorgan Chase Bank, U.S. Bank National Association, as Indenture Trustee trustee for the registered holders of NovaStar Terwin Mortgage Funding Trust 20062005-MTA114HE, Home Equity Loan Asset-Backed Certificates, TMTS Series 20062005-MTA1” 14HE" (the “"Pre-Funding Account”"). The Indenture Trustee Securities Administrator, as agent for 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 Indenture Securities Administrator on behalf of the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for and the Noteholders Securities Administrator on behalf of the Certificateholders for the uses and purposes set forth herein.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Securities Administrator shall establish and maintain, maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account that is an Eligible Account, which shall be titled “Pre-Funding Account, JPMorgan Chase Bank, U.S. Bank National Association, as Indenture Trustee trustee for the registered holders of NovaStar Terwin Mortgage Funding Trust 20062005-MTA16HE, Home Equity Loan Asset-Backed Certificates, TMTS Series 20062005-MTA16HE” (the “Pre-Funding Account”). The Indenture Trustee Securities Administrator, as agent for 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 Indenture Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for on behalf of the Noteholders Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Trustee shall establish and maintain, maintain a segregated trust account that is an Eligible Accountor sub-account of a trust account, which shall be titled “Pre-Funding Account, JPMorgan Chase Bank, LaSalle Bank National Association, as Indenture Trustee trustee for the registered benefit of holders of NovaStar Mortgage Funding Trust 2006-MTA1Bear Xxxxxxx Asset Backed Securities I LLC, Home Equity Loan AssetMortgage-Backed Certificates, Series 20062005-MTA1WM2” (the “Pre-Funding Account”). The Indenture Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Funding Amount remitted on the Closing Date to the Indenture Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for the Noteholders Holders of the Certificates for the uses and purposes set forth herein.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Securities Administrator shall establish and maintain, maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account that is an Eligible Account, which shall be titled “"Pre-Funding Account, JPMorgan Chase Bank, U.S. Bank National Association, as Indenture Trustee trustee for the registered holders of NovaStar Terwin Mortgage Funding Trust 20062004-MTA111HE, Home Equity Loan Asset-Backed Certificates, TMTS Series 20062004-MTA1” 11HE" (the “"Pre-Funding Account”"). The Indenture Trustee Securities Administrator, as agent for 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 Indenture Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for on behalf of the Noteholders Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Pre-Funding Account. (a) No later than the Closing Date, the Indenture Trustee, at the direction of the Servicer, Securities Administrator shall establish and maintain, maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account that is an Eligible Account, which shall be titled “"Pre-Funding Account, JPMorgan Chase BankHSBC Bank USA, National AssociationN.A., as Indenture Trustee trustee for the registered holders of NovaStar Ownit Mortgage Funding Trust 2006Trust, 2005-MTA12, Home Equity Loan Mortgage Loan, Asset-Backed Certificates, Series 20062005-MTA1” 2" (the “"Pre-Funding Account”"). The Indenture Trustee Securities Administrator, as agent for 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 Indenture Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for on behalf of the Noteholders Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 4.06.