Common use of Pre-Funding Account Clause in Contracts

Pre-Funding Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or sub-account of a trust account, which shall be titled “Pre-Funding Account, LaSalle Bank National Association, as trustee for the benefit of holders of Bear Xxxxxxx Asset Backed Securities I LLC, Asset-Backed Certificates, Series 2005-HE9” (the “Pre-Funding Account”). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Pre-Funding Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders of the Certificates related to Loan Group I and Loan Group II for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-He9), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-He9)

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Pre-Funding Account. (a) No later than the Closing Date, the Trustee Indenture Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled “Pre-Funding Account, LaSalle Bank JPMorgan Chase Bank, National Association, as trustee Indenture Trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCNovaStar Mortgage Funding Trust 2006-MTA1, Home Equity Loan Asset-Backed Certificates, Series 20052006-HE9MTA1” (the “Pre-Funding Account”). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Indenture Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Indenture Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Indenture Trustee for the Holders of the Certificates related to Loan Group I and Loan Group II Noteholders for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Indenture (NovaStar Certificates Financing CORP), Indenture (NovaStar Certificates Financing CORP)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled “Pre-Funding Account, LaSalle U.S. Bank National Association, as trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCTerwin Mortgage Trust 2005-6HE, Asset-Backed Certificates, TMTS Series 2005-HE96HE” (the “Pre-Funding Account”). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Securities Administrator, as agent for the Trustee, shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders on behalf of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Terwin Mortgage Trust Asset-Backed Certificates, Series TMTS 2005-6he)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or sub-account of a trust account, which shall be titled “Pre-Funding Account, LaSalle Bank National Association, as trustee for the benefit of holders of Bear Xxxxxxx Asset Backed Securities I LLC, Asset-Backed Certificates, Series 2005-HE9HE10” (the “Pre-Funding Account”). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Pre-Funding Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders of the Certificates related to Loan Group I and Loan Group II for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-He10)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled "Pre-Funding Account, LaSalle U.S. Bank National Association, as trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCTerwin Mortgage Trust 2005-16HE, Asset-Backed Certificates, TMTS Series 2005-HE9” 16HE" (the "Pre-Funding Account"). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Securities Administrator, as agent for the Trustee, shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Securities Administrator on behalf of the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for and the Holders Securities Administrator on behalf of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Terwin Mortgage Trust, Series TMTS 2005-16he)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled "Pre-Funding Account, LaSalle U.S. Bank National Association, as trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCTerwin Mortgage Trust 2004-5HE, Asset-Backed Certificates, TMTS Series 20052004-HE9” 5HE" (the "Pre-Funding Account"). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Securities Administrator, as agent for the Trustee, shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders on behalf of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mort Inv Inc Asst Back Certs Ser TMTS 2004 5he)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled "Pre-Funding Account, LaSalle U.S. Bank National Association, as trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCTerwin Mortgage Trust 2004-3HE, Asset-Backed Certificates, TMTS Series 20052004-HE9” 3HE" (the "Pre-Funding Account"). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Securities Administrator, as agent for the Trustee, shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders on behalf of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mort Inv Inc Asst Back Certs Ser TMTS 2004 3he)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled "Pre-Funding Account, LaSalle U.S. Bank National Association, as trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCTerwin Mortgage Trust 2005-14HE, Asset-Backed Certificates, TMTS Series 2005-HE9” 14HE" (the "Pre-Funding Account"). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Securities Administrator, as agent for the Trustee, shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Securities Administrator on behalf of the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for and the Holders Securities Administrator on behalf of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Terwin Mortgage Trust, Series TMTS 2005-14he)

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Pre-Funding Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled "Pre-Funding Account, LaSalle U.S. Bank National Association, as trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCTerwin Mortgage Trust 2004-22SL, Asset-Backed Certificates, TMTS Series 20052004-HE9” 22SL" (the "Pre-Funding Account"). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Securities Administrator, as agent for the Trustee, shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders on behalf of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Terwin Mortgage Trust, Series TMTS 2004-22sl)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled "Pre-Funding Account, LaSalle U.S. Bank National Association, as trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCTerwin Mortgage Trust 2004-11HE, Asset-Backed Certificates, TMTS Series 20052004-HE9” 11HE" (the "Pre-Funding Account"). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Securities Administrator, as agent for the Trustee, shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Trustee by the DepositorSeller. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders on behalf of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 5.07.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Terwin Mortgage Trust, Series 2004-11he)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or sub-account of a trust account, which shall be titled “Pre-Funding Account, LaSalle Bank National Association, as trustee for the benefit of holders of Bear Xxxxxxx Asset Backed Securities I LLC, AssetMortgage-Backed Certificates, Series 2005-HE9WM2” (the “Pre-Funding Account”). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Pre-Funding Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders of the Certificates related to Loan Group I and Loan Group II for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Saco I Trust, 2005-Wm2)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee Trust Administrator shall establish and maintain a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled "Pre-Funding Account, LaSalle U.S. Bank National AssociationAssociation as Trust Administrator for Firstar Bank, N.A., as trustee Trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Salomon Brothers Mortgage Securities I LLCVII, AssetInc., New Century Floating Rate Mortgage Pass-Backed Through Certificates, Series 20051999-HE9” NC4" (the "Pre-Funding Account"). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Trust Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Trustee Trust Administrator by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee Trust Administrator for the Holders of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Fl Rte Cert Se 1999-Nc4)

Pre-Funding Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain on behalf of the Trustee for the benefit of the Certificateholders a segregated trust account or sub-account of a trust accountthat is an Eligible Account, which shall be titled "Pre-Funding Account, LaSalle HSBC Bank National AssociationUSA, N.A., as trustee for the benefit of registered holders of Bear Xxxxxxx Asset Backed Securities I LLCOwnit Mortgage Trust, 2005-2, Mortgage Loan, Asset-Backed Certificates, Series 2005-HE9” 2" (the "Pre-Funding Account"). The Pre-Funding Account shall be an Eligible Account or a sub account of an Eligible Account. The Trustee Securities Administrator, as agent for the Trustee, shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funding Funded Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Holders on behalf of the Certificates related to Loan Group I and Loan Group II Certificateholders for the uses and purposes set forth herein. The Trustee hereby appoints the Securities Administrator as its agent in connection with establishing and maintaining the Pre-Funding Account pursuant to this Section 4.06.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Ownit Series 2005-2)

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