Prefunding Account Deposit definition

Prefunding Account Deposit. Not applicable.
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Prefunding Account Deposit. The amount deposited in the Prefunding Account on the Closing Date for the purchase of Subsequent Mortgage Loans, which amount is $42,164,071.22.
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Prefunding Account Deposit. The amount deposited in the Prefunding Account on the Closing Date for the purchase of Subsequent Mortgage Loans, which amount is $46,231,820.28; allocated $28,219,647.21 to the Fixed Rate Group, $14,867,295.26 to Adjustable Rate Group I and $3,144,877.81 to Adjustable Rate Group II.
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Examples of Prefunding Account Deposit in a sentence

  • The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of Mortgage Loans will result in early retirement of the Certificates, the right of the Servicer to purchase being subject to the Pool Balance at the time of purchase being less than 5% of the sum of the Original Pool Balance and the Prefunding Account Deposit.

  • The exercise of the right of the Certificate Insurer to purchase all the Mortgage Loans and property in respect of Mortgage Loans will result in early retirement of the Certificates, the right of the Certificate Insurer to purchase being subject to Mortgage Loans with aggregate Cut-off Date Principal Balances equal to or greater than 25% of the sum of the Original Pool Balance and the Prefunding Account Deposit having become Liquidated Mortgage Loans prior to the time of purchase.

  • The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of Mortgage Loans will result in early retirement of the Certificates, the right of the Servicer to purchase being subject to the Pool Balance at the time of purchase being less than 10% of the sum of the Original Pool Balance and the Prefunding Account Deposit.

  • No later than the Closing Date, the Trustee will deposit in the Prefunding Account the Prefunding Account Deposit from the proceeds of the sale of the Offered Certificates.

  • The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of all Mortgage Loans in the Trust will result in early retirement of the Certificates, the right of the Servicer to purchase being subject to the Pool Balance at the time of purchase being less than 5% of the sum of the Original Pool Balance and the Prefunding Account Deposit.

  • The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of all Mortgage Loans in the Trust will result in early retirement of the Certificates, the right of the Servicer to purchase being subject to the Pool Balance at the time of purchase being less than 5% of the sum of the Original Pool Balance and the Prefunding Account Deposit..

  • On or before the last day of the Funding Period, the Seller shall convey to the Depositor and the Depositor to the Trustee pursuant to this Section 2.02 the lesser of: (i) all Mortgage Loans then in its possession that satisfy the requirements of this Section 2.02 or (ii) the maximum principal balance of Mortgage Loans as determined by Seller that satisfy the requirements of this Section 2.02 whose aggregate Subsequent Purchase Price does not exceed the Prefunding Account Deposit.

  • On or before the last day of the Funding Period, the Seller shall convey to the Trustee pursuant to this Section 2.02 the lesser of: (i) all Mortgage Loans then in its possession that satisfy the requirements of this Section 2.02 or (ii) the maximum principal balance of Mortgage Loans as determined by Seller that satisfy the requirements of this Section 2.02 whose aggregate Subsequent Purchase Price does not exceed the Prefunding Account Deposit.

  • No later than the Closing Date, the Trustee will deposit in the Prefunding Account: (i) the Fixed Rate Group Prefunding Account Deposit from the proceeds of the sale of the Fixed Rate Group Certificates and (ii) the Adjustable Rate Group Prefunding Account Deposit from the proceeds of the sale of the Adjustable Rate Group Certificates.

  • The exercise of the right of the Holder of the Class R Certificates to purchase all the Mortgage Loans and property in respect of Mortgage Loans will result in early retirement of the Certificates, the right of the Holder of the Class R Certificates to purchase being subject to the Pool Balance at the time of purchase being less than 10% of the sum of the Original Pool Balance and the Prefunding Account Deposit.


More Definitions of Prefunding Account Deposit

Prefunding Account Deposit. The amount deposited in the Prefunding Account on the Closing Date and allocated for the purchase of Subsequent Mortgage Loans having adjustable Mortgage Loan Rates to be included in the Adjustable Rate Group, which amount is $39,998,201.42. Prefunding Account Release: Means the amount to be released from the Prefunding Account (or, if the Subsequent Mortgage Loans are purchased by the Trust on the Closing Date, from the Certificate Account) on the Distribution Date in September 1999, equal to the portion of the Prefunding Account Deposit not used to purchase Subsequent Mortgage Loans during the Funding Period.
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Prefunding Account Deposit. $82,720,605.
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Prefunding Account Deposit. $[ ] or, if all of the Subsequent Mortgage Loans are purchased by the Trust on the Closing Date, $0.
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Prefunding Account Deposit. The meaning given in the Terms Schedule attached hereto. "Private Placement Memorandum" or "Final Private Placement Memorandum": The preliminary Private Placement Memorandum dated March 5, 1997 or the final Private Placement Memorandum dated March 24, 1997. "Proceeding": Any suit in equity, action at law or other judicial or administrative proceeding. "PUT Payments": A provision in a Lease Contract obligating the lessee to purchase the related Equipment upon termination. "Rating Agencies": Moody's and S & P. "Record Date": The close of business on the last day of the month preceding the applicable Payment Date, whether or not a Business Day, except with respect to an Initial Payment Date, the Record Date shall be the Closing Date. "Recoveries": For any Monthly Period occurring after the date on which any Lease Contract becomes a Defaulted Lease Contract and with respect to such Defaulted Lease Contract, all payments that the Servicer received from or on behalf of a Customer during such Monthly Period in respect of such Defaulted Lease Contract or from liquidation or re-leasing of the related Equipment, including but not limited to prepayments, Scheduled Payments, Overdue Payments, Guaranty Amounts, and Insurance Proceeds. "Redemption Account": The trust account or accounts created and maintained pursuant to Section 12.02 hereof. "Redemption Date": A date fixed pursuant to Section 10.01 hereof.
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Prefunding Account Deposit. $12,827,258.18. "Required Collateralization Amount": As of the Closing Date, $3,112,399.78, and as of any date of determination thereafter, the greatest of:
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Prefunding Account Deposit. The amount deposited in the Prefunding Account on the Closing Date for the purchase of Subsequent Mortgage Loans, which amount is $108,088,104.46; allocated $34,145,361.46 to the Fixed Rate Group, $60,713,327.56 to Adjustable Rate Group I and $13,229,415.44 to Adjustable Rate Group II.
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Related to Prefunding Account Deposit

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,653,198.45.

  • 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 2005-5, Home Equity Pass-Through Certificates, Series 2005-5. 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.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Initial Reserve Account Deposit means $3,000,000.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Initial Reserve Account Deposit Amount means an amount equal to $1,554,404.20.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Reserve Account Funding Date means the Payment Date selected by the Servicer on behalf of the Issuer which occurs not later than the earliest of the Payment Date with respect to the Monthly Period which commences three months prior to the commencement of the Controlled Accumulation Period (which commencement shall be subject to postponement pursuant to Section 4.13); provided, however, that if the Rating Agency Condition is satisfied, the Issuer may postpone the Reserve Account Funding Date.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Holding Account means an account:

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.