Group 1 Prefunded Amount definition

Group 1 Prefunded Amount. The amount deposited in the Prefunding Account on the Closing Date to purchase additional Group 1 Mortgage Loans, which shall equal $7,824,363.
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Group 1 Prefunded Amount. As defined in Section 4.02(d).
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Group 1 Prefunded Amount. The amount deposited in the Group 1 Prefunding Account on the Closing Date, which shall equal approximately $7,886,472.17.
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Examples of Group 1 Prefunded Amount in a sentence

  • From the Prefunded Amount, the Group 1 Prefunded Amount and the Group 2 Prefunded Amount shall be applied to the purchase of Subsequent Mortgage Loans for Loan Group 1 and Loan Group 2, respectively.

  • The Group 1 Prefunded Amount shall be distributed as part of principal distributions to the Group 1 Certificateholders on the October 2007 Distribution Date.

  • Prior to the October 2007 Distribution Date, the Group 1 Prefunded Amount shall be invested for the benefit of the Depositor.

  • Collectively, the Group 1 Prefunded Amount, Group 2 Prefunded Amount, Group 3 Prefunded Amount, Group 5 Prefunded Amount, Group 6 Prefunded Amount, Group 7 Prefunded Amount, Group 8A Prefunded Amount and Group 8B Prefunded Amount.

  • On the Closing Date the Depositor shall remit the Group 1 Prefunded Amount to the Trust Administrator for deposit in the Group 1 Prefunding Account, the Group 2 Prefunded Amount to the Trust Administrator for deposit in the Group 2 Prefunding Account and the Group 5 Prefunded Amount to the Trust Administrator for deposit in the Group 5 Prefunding Account.


More Definitions of Group 1 Prefunded Amount

Group 1 Prefunded Amount. The amount deposited in the Group 1 Prefunding Account on the Closing Date, which shall equal approximately $6,837,269.76. Group 1 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 "W▇▇▇▇ Fargo Bank, N.A., in trust for registered holders of Adjustable Rate Mortgage Trust 2005-1 Adjustable Rate Mortgage-Backed Pass-Through Certificates, Series 2005-1." Funds in the Group 1 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 1 Prefunding Account shall be for the account of the Depositor.
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