Common use of Pre-Funding Accounts Clause in Contracts

Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders 115 of First Franklin Mortgage Loan Trust 2003-FFH2, Asset-Backed Certificates, Series 2003-FFH2" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders of First Franklin Mortgage Loan Trust 2003-FFH2, Asset-Backed Certificates, Series 2003-FFH2" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset Back Certs Ser 2003 Ffh2)

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Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders 115 of First Franklin Option One Mortgage Loan Trust 2003-FFH24, Asset-Backed Certificates, Series 2003-FFH24" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders of First Franklin Option One Mortgage Loan Trust 2003-FFH22003- 4, Asset-Backed Certificates, Series 2003-FFH24" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Accep Corp Asset Back Certs Ser 2003-4)

Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders 115 of First Franklin Option One Mortgage Loan Trust 2003-FFH23, Asset-Backed Certificates, Series 2003-FFH23" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders of First Franklin Option One Mortgage Loan Trust 2003-FFH22003- 3, Asset-Backed Certificates, Series 2003-FFH23" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Accep Corp Ast Back Certs Ser 2003-3)

Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders 115 of First Franklin Option One Mortgage Loan Trust 20032002-FFH25, Asset-Backed Certificates, Series 20032002-FFH25" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders of First Franklin Option One Mortgage Loan Trust 2003-FFH22002- 5, Asset-Backed Certificates, Series 20032002-FFH25" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Tr Asset Backed Cert Ser 2002-5)

Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders 115 of First Franklin Mortgage Loan Trust 20032002-FFH2FF4, Asset-Backed Certificates, Series 20032002-FFH2FF4" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders of First Franklin Option One Mortgage Loan Trust 2003-FFH22002- FF4, Asset-Backed Certificates, Series 20032002-FFH2FF4" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Pre- Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Secs Corp First Franklin Mort Ln Tr 2002-Ff4)

Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders 115 of First Franklin Option One Mortgage Loan Trust 20032002-FFH23, Asset-Backed Certificates, Series 20032002-FFH23" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders of First Franklin Option One Mortgage Loan Trust 2003-FFH22002- 3, Asset-Backed Certificates, Series 20032002-FFH23" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Ser 2002-3)

Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Wells Fargo Bank MinnesotaBank, National AssociationN.A., as trustee for xxx the registered holders 115 of First Franklin Option One Mortgage Loan Trust 20032004-FFH22, Asset-Backed Certificates, Series 20032004-FFH22" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Wells Fargo Bank MinnesotaBank, National AssociationN.A., as trustee for xxx the registered holders of First Franklin Option One Mortgage Loan Trust 20032004-FFH22, Asset-Backed Certificates, Series 20032004-FFH22" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Pre- Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Acceptance Loan Trust 2004-2)

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Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders 115 of First Franklin Option One Mortgage Loan Trust 2003-FFH25, Asset-Backed Certificates, Series 2003-FFH25" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders of First Franklin Option One Mortgage Loan Trust 2003-FFH25, Asset-Asset- Backed Certificates, Series 2003-FFH25" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Accep Corp Asset Back Certs Ser 2003 5)

Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Wxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders 115 of First Franklin Option One Mortgage Loan Trust 2003-FFH21, Asset-Backed Certificates, Series 2003-FFH21" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Wxxxx Fargo Bank Minnesota, National Association, as trustee for the registered holders of First Franklin Option One Mortgage Loan Trust 2003-FFH22003- 1, Asset-Backed Certificates, Series 2003-FFH21" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Certs Ser 2003 1)

Pre-Funding Accounts. (a) No later than the Closing Date, the Trustee shall establish and maintain two segregated trust accounts that are each Eligible Accounts, which shall be titled "Group I Pre-Funding Account, Xxxxx Wells Fargo Bank Minnesota, National AssociationNationax Xxxociation, as trustee for the registered holders 115 of First Franklin Option One Mortgage Loan Trust 2003-FFH26, Asset-Backed Certificates, Series 2003-FFH26" (the "Group I Pre-Funding Account") and "Group II Pre-Funding Account, Xxxxx Wells Fargo Bank Minnesota, National AssociationNationax Xxxociation, as trustee for the registered holders of First Franklin Option One Mortgage Loan Trust 2003-FFH22003- 6, Asset-Backed Certificates, Series 2003-FFH26" (the "Group II Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in the applicable Pre-Funding Account and retain therein the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mort Accep Corp Asset Backed Cert Ser 2003-6)

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