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

Pre-Funding Account and Capitalized Interest Account. (a) On the Startup Day, the Trustee will deposit, on behalf of the Owners, the Group I Original Pre-Funded Amount and the Group II Original Pre-Funded Amount in the Pre-Funding Account from the proceeds of the sale of the Certificates and on the Startup Day, the Trustee shall deposit, on behalf of the Owners, the Group I Capitalized Interest Deposit and the Group II Capitalized Interest Deposit in the Capitalized Interest Account from the proceeds of the sale of the Certificates.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Advanta Mortgage Conduit Services Inc), Pooling and Servicing Agreement (Advanta Conduit Receivables Inc)

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Pre-Funding Account and Capitalized Interest Account. (a) On the Startup Day, the Trustee will deposit, on behalf of the Owners, Owners of the Group I Original Pre-Funded Amount Certificates and the Group II Original Pre-Funded Amount Certificate Insurer, (i) in the Pre-Funding Account from (A) the proceeds of Original Group I Pre-Funded Amount and (B) the sale of Original Group II Pre-Funded Amount and (ii) in the Certificates and on Capitalized Interest Account, (A) the Startup Day, the Trustee shall deposit, on behalf of the Owners, the Original Group I Capitalized Interest Deposit and (B) the Original Group II Capitalized Interest Deposit in the Capitalized Interest Account from the proceeds of the sale of the CertificatesDeposit.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Sec Corp Home Equity Loan Tr 1999-Lb1)

Pre-Funding Account and Capitalized Interest Account. (a) On the Startup Day, the Trustee will deposit, on behalf deposit from the sale of the Owners, Certificates (i) the Group I Original Pre-Funded Amount and the Group II Original Pre-Funded Amount in the Pre-Funding Account from the proceeds of the sale of the Certificates and on the Startup Day, the Trustee shall deposit, on behalf of the Owners, (ii) the Group I Capitalized Interest Deposit and the Group II Capitalized Interest Deposit in the Capitalized Interest Account from the proceeds of the sale of the CertificatesAccount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 2000-1)

Pre-Funding Account and Capitalized Interest Account. (a) On the Startup Day, the Trustee will deposit, on behalf of the OwnersOwners of the Group I Certificates, the Group I Original Pre-Funded Amount and the Group II Original Pre-Funded Amount in the Pre-Funding Account from the proceeds of the sale of the Certificates and on the Startup Day, the Trustee shall deposit, on behalf of the OwnersOwners of the Group I Certificates, the Group I Capitalized Interest Deposit and the Group II Capitalized Interest Deposit in the Capitalized Interest Account from the proceeds of the sale of the Group I Certificates.. 71 73

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Mortgage Conduit Services Inc)

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Pre-Funding Account and Capitalized Interest Account. (a) On the Startup Day, the Trustee will deposit, on behalf of the Owners, Owners of the Group I Original Pre-Funded Amount Class A Certificates and the Group II Original Pre-Funded Amount Certificate Insurer, (i) in the Pre-Funding Account the Original Group I Pre-Funded Amount from the proceeds of the sale of the Fixed Rate Certificates and on (ii) the Startup Day, the Trustee shall deposit, on behalf of the Owners, the Group I Capitalized Interest Deposit and the Original Group II Capitalized Interest Deposit in the Capitalized Interest Account Pre- Funded Amount from the proceeds of the sale of the Class A-8 Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Imc Home Equity Loan Trust 1997-1)

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