Prefunding Account Sample Clauses

Prefunding Account. (a) Pursuant to Section 4.01, the Servicer shall establish the Prefunding Account in the name of the Indenture Trustee for the benefit of the Noteholders and the Insurer. (b) On the Closing Date, the Seller shall deposit into the Prefunding Account an amount equal to the Prefunded Amount from the proceeds of the sale of the Notes. Provided the Indenture Trustee has received the related Transfer Certificate on the Business Day immediately preceding the Prefunding Transfer Date, the Indenture Trustee shall withdraw from the Prefunding Account an amount equal to the Outstanding Principal Balance of the Prefunded Contracts (as indicated in the Transfer Certificate and determined as of the related Prefunding Cut-Off Date) that have been delivered to the Custodian, on behalf of the Indenture Trustee, and wire such amount by federal funds to the Seller's account listed in the Transfer Certificate relating to such Prefunding Transfer Date by 1:00 p.m. California time on such Prefunding Transfer Date. (c) If any amount remains on deposit in the Prefunding Account on the last day of the Funding Period, such amount shall be invested at the written instruction of the Servicer in a single Eligible Investment which matures on the Business Day preceding the Mandatory Partial Redemption Date; provided, that in the event no such Eligible Investment is available, such amount shall not be invested but shall be held in the Prefunding Account uninvested. (d) On the Business Day preceding the Mandatory Partial Redemption Date, the Servicer shall instruct the Indenture Trustee in writing to withdraw the Mandatory Partial Redemption Amount from the Prefunding Account and deposit such amount in the Payment Account on such Business Day. (e) On the Business Day immediately preceding each Distribution Date following a Collection Period during which amounts are on deposit in the Prefunding Account, the Indenture Trustee shall withdraw the earnings on all investments in the Prefunding Account and deposit such amount in the Payment Account on such Business Day.

Prefunding Account. The Issuer hereby directs and the Indenture Trustee hereby agrees to cause to be established and maintained an account (the “Prefunding Account”) for the benefit of the Noteholders. On the Closing Date, the Issuer shall cause the Indenture Trustee to deposit into the Prefunding Account an amount equal to the Prefunding Amount Initial Deposit. The Prefunding Account shall be an Eligible Bank Account initially established at the corporate trust department of the Indenture Trustee, bearing the following designation “BXG Receivables Note Trust 2013-A, Timeshare Loan-Backed Notes, Series 2013-A — Prefunding Account, U.S. Bank National Association, as Indenture Trustee for the benefit of the Noteholders”. The Indenture Trustee on behalf of the Noteholders shall possess all right, title and interest in all funds on deposit from time to time in the Prefunding Account and in all proceeds thereof. The Prefunding Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Noteholders as their interests appear in the Trust Estate. If, at any time, the Prefunding Account ceases to be an Eligible Bank Account, the Indenture Trustee shall, in accordance with Section 3.1(i), establish a new Prefunding Account (which if not maintained by the Indenture Trustee is subject to an account control agreement satisfactory to the Indenture Trustee) which shall be an Eligible Bank Account, transfer any cash and/or any investments to such new Prefunding Account and from the date such new Prefunding Account is established, it shall be the “Prefunding Account”. Amounts on deposit in the Prefunding Account shall be invested in accordance with Section 3.1 hereof. Withdrawals and payments from the Prefunding Account shall be made in the following manner:

Prefunding Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of CSFB Home Equity Pass-Through Certificates, Series 2004-AA1 Trust, Home Equity Pass-Through Certificates, Series 2004-AA1. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Eligible Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

Prefunding Account. The separate Eligible Account created and maintained by the Trust Administrator pursuant to Section 3.05(g) in the name of the Trust Administrator for the benefit of the Certificateholders and designated “Xxxxx Fargo Bank, N.A., in trust for registered holders of Adjustable Rate Mortgage Trust 2005-2 Adjustable Rate Mortgage-Backed Pass-Through Certificates, Series 2005-2.” Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Group 6B Prefunding Account shall be for the account of the Depositor.

Prefunding Account. 65 SECTION 4.08. REQUIREMENTS RELATING TO PREFUNDING ACCOUNT...........................66 ARTICLE V - THE SELLER......................................................................66 SECTION 5.01. LIABILITY OF SELLER; INDEMNITIES......................................66 SECTION 5.02. MERGER OR CONSOLIDATION OF, OR ASSUMPTION OF THE OBLIGATIONS OF, SELLER; CERTAIN LIMITATIONS...........................................66 SECTION 5.03. LIMITATION ON LIABILITY OF SELLER AND OTHERS..........................67 SECTION 5.04. SELLER NOT TO RESIGN..................................................67 SECTION 5.05. SELLER MAY OWN NOTES..................................................67

Prefunding Account. 66 SECTION 4.08 Requirements Relating to Prefunding Account.............................66 ARTICLE V

Prefunding Account. 64 Section 3.17 Capitalized Interest Account...............................................................64 Section 3.18 [Reserved].................................................................................65 Section 3.19 [Reserved].................................................................................65 Section 3.20 [Reserved].................................................................................65 Section 3.21 Net Rate Cap Fund..........................................................................65 Section 3.22 Covenants and Representations Regarding Prepayment Charges.................................66 Section 3.23 Claims Upon the PMI Policy.................................................................66 Section 3.24 Advance Facility...........................................................................66 ARTICLE IV REMITTANCE REPORT

Prefunding Account. The Issuer hereby directs and the Indenture Trustee hereby agrees to cause to be established and maintained an account (the “Prefunding Account”) 20

Prefunding Account. (i) On the Closing Date, the Seller shall deposit the Prefunding Account Closing Date Deposit into the Prefunding Account as required by Section 2.01(b) of the Loan Sale Agreement. (ii) (A) In the event that the Servicing Fee for any Monthly Payment Date exceeds the amount distributed to the Servicer pursuant to Sections 2(d)(iv)(A) or 2(d)(v)(A) on such Monthly Payment Date, the Administrator shall instruct the Indenture Trustee in writing to withdraw from the Prefunding Account on each Monthly Payment Date an amount equal to such excess and to distribute such amount to the Servicer.

Prefunding Account. 66 Section 3.17 Capitalized Interest Account.................................................................67