Common use of Final Maturity Reserve Funding Date Clause in Contracts

Final Maturity Reserve Funding Date. The earlier of (i) the Distribution Date on which the amount on deposit in the Final Maturity Reserve Fund is equal to the Final Maturity Funding Cap and (ii) the Distribution Date in December 2036.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He2)

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Final Maturity Reserve Funding Date. The earlier of (ia) the Distribution Maturity Date and (b) the Payment Date on which the amount on deposit in the Final Maturity Reserve Fund Account is equal to the Final Maturity Funding Cap and (ii) Aggregate Loan Balance of the Distribution Date in December 203640-year Mortgage Loans.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2)

Final Maturity Reserve Funding Date. The earlier of (i) the Distribution Date on which the amount on deposit in the Final Maturity Reserve Fund is equal to the Final Maturity Funding Cap and (ii) the Distribution Date in December October 2036.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He1)

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Final Maturity Reserve Funding Date. The earlier of (ia) the Distribution Date in May 2036 and (b) the Distribution Date on which the amount on deposit in the Final Maturity Reserve Fund Account (after giving effect to all distributions on such Distribution Date other than distributions from the Final Maturity Reserve Account) is equal to the Final Maturity Funding Cap Stated Principal Balance of the Mortgage Loans having 40-year original terms to maturity (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and (ii) unscheduled collections of principal received during the Distribution Date in December 2036related Prepayment Period).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He2)

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