Common use of Pre-Funding Account and Capitalized Interest Account Clause in Contracts

Pre-Funding Account and Capitalized Interest Account. (a) The Trustee shall establish and maintain the Pre-Funding Account and the Capitalized Interest Account, each to be held in trust for the benefit of the Certificateholders. Each of the Pre-Funding Account and the Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the Depositor will cause to be deposited in the Pre-Funding Account the Original Pre-Funded Amount and in the Capitalized Interest Account the Initial Capitalized Interest Amount.

Pre-Funding Account and Capitalized Interest Account. (a) The Trustee shall establish and maintain with the Paying Agent the Pre-Funding Account and the Capitalized Interest Account, each to be held in trust for the benefit of the CertificateholdersCertificateholders and the Certificate Insurer. Each of the Pre-Funding Account and the Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the Depositor will cause to be deposited in the Pre-Funding Account the Group I Original Pre-Funded Amount and the Group II Original Pre-Funded Amount and in the Capitalized Interest Account the Initial Capitalized Interest Amount.

Pre-Funding Account and Capitalized Interest Account. (a) The Trustee shall establish and maintain the Pre-Funding Account and the Capitalized Interest Account, each to be held in trust for the benefit of the Certificateholders. Each of the Pre-Funding Account and the Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the Depositor Saxon will cause to be deposited in the Pre-Funding Account the Group I Original Pre-Funded Amount and the Group II Original Pre-Funded Amount and in the Capitalized Interest Account the Initial Capitalized Interest Amount.

Pre-Funding Account and Capitalized Interest Account. (a) The Trustee shall establish and maintain with the Paying Agent the Pre-Funding Account and the Capitalized Interest Account, each to be held in trust for the benefit of the CertificateholdersCertificateholders and the Certificate Insurer. Each of the Pre-Funding Account and the Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the Depositor Saxon will cause to be deposited in the Pre-Funding Account the Group I Original Pre-Funded Amount and the Group II Original Pre-Funded Amount and in the Capitalized Interest Account the Initial Capitalized Interest Amount.