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

Pre-Funding Account and Capitalized Interest Account. (a) No later than the Closing Date, the Bank shall establish and maintain with the Trustee in its trust department a trust account, which shall not be interest-bearing, titled "First International Bank, SBA Pre-Funding Account 2000-1" (the "Pre-Funding Account"). The Pre-Funding Account shall not constitute part of the Trust Fund. The Bank shall be deemed the owner of the Pre-Funding Account for Federal income tax purposes. The Trustee shall, promptly upon receipt, deposit into the Pre-Funding Account and retain therein the Original Pre-Funded Amount from the proceeds of the sale of the Certificates.

Pre-Funding Account and Capitalized Interest Account. (a) No later than the Closing Date, the Bank Representative shall establish and maintain with the Trustee in its trust department a trust account, which shall not be interest-bearing, titled "First International Bank, The Money Store SBA Pre-Funding Account 20001999-1" (the "Pre-Funding Account"). The Pre-Funding Account shall not constitute part of the Trust Fund. The Bank Representative shall be deemed the owner of the Pre-Funding Account for Federal income tax purposes. The Trustee shall, promptly upon receipt, deposit into the Pre-Funding Account and retain therein the Original Pre-Funded Amount from the proceeds of the sale of the Certificates.

Pre-Funding Account and Capitalized Interest Account. (a) No later than the Closing Date, the Bank Seller shall establish and maintain with the Trustee in its trust department a trust account, which shall not be interest-bearing, titled "First International Bank, National Bank of New England SBA Pre-Pre- Funding Account 20001998-1" (the "Pre-Funding Account"). The Pre-Funding Account shall not constitute part of the Trust Fund. The Bank Seller shall be deemed the owner of the Pre-Funding Account for Federal income tax purposes. The Trustee shall, promptly upon receipt, deposit into the Pre-Funding Account and retain therein the Original Pre-Funded Amount from the proceeds of the sale of the Certificates.