Investor Funding Account definition

Investor Funding Account means, with respect to any CNB Customer, the deposit account of such CNB Customer into which the proceeds of Take-Out Commitments are remitted as required pursuant to the related CNB Customer Transaction Documents.
Sample 1
Investor Funding Account means such account, the number of which is set forth in Appendix 1, Item 2.2.9, maintained in the name of the Seller with the Buyer at the office of the Buyer set forth in Appendix 1, Item 24.2, into which Repurchase Price payments from the Seller or for the Seller’s account by Approved Investors, settlement of Income collections from Purchased Loans and settlement proceeds from the sale of Agency MBS (via transfer from the Custodial Account) shall be deposited and applied to reduce the Repurchase Prices of such Purchased Loans in accordance with Section 4.4. The Investor Funding Account shall be a “blocked account” under the Buyer’s sole control and the Seller shall not have access to monies on deposit therein until transfer from time to time of surplus monies (after payment of Transactions) to the Operating Account in accordance with the provisions hereof. The Investor Funding Account shall not be subject to deductions, set-off or any other right in favor of any Person other than the Buyer. The term “Investor Funding Account” shall be deemed to include any substitute or replacement account at the Buyer.
Sample 1
Investor Funding Account shall have the meaning set forth in the Master Repurchase Agreement.
Sample 1

Examples of Investor Funding Account in a sentence

  • The Investor Funding Account, the Loan Funding Account, the Administrative Account, the Operating Account and any other deposit accounts with the Buyer (or any Affiliate thereof), and all sums from time to time on deposit in each of such accounts.

  • The Seller shall maintain the Administrative Account, the Investor Funding Account, the Loan Funding Account, the Operating Account, and the Cash Collateral Account, as applicable, with the Buyer, which accounts shall be maintained in a manner acceptable to the Buyer.

  • The Seller will notify (or will cause the Servicer, the Originator or the related CNB Customer or, in the case of any Advance related to an Indirect Syndicated Mortgage Loan, the related agent, to notify) the related Investor with respect to the Mortgage Loan related to each Pool Asset to remit the Take-Out Price with respect to such Mortgage Loan to the Investor Funding Account of such CNB Customer.

  • The Servicer has notified (or has caused the Originator, the related CNB Customer or, in the case of any Advance related to an Indirect Syndicated Mortgage Loan, has caused the related agent, to notify) the related Investor with respect to the Mortgage Loan related to each Pool Asset to remit the Take-Out Price with respect to such Mortgage Loan to the Investor Funding Account of such CNB Customer.

  • All amounts payable on account of the sale of Purchased Loans (other than Aged Mortgage Loans) by the Seller are to be paid directly by the applicable Approved Investor to the Investor Funding Account for the benefit of the Buyer and the Seller shall so instruct each such applicable Approved Investor.

  • Collateral Transfer Amount Cash Amount as collateral in Investor Funding Account Actual Market Value of collateral in the Investor Collateral Account …...

  • All amounts payable on account of the sale of Mortgage Loans by Borrower are to be paid directly by FHLMC, FNMA, GNMA or such other Approved Investor to the Investor Funding Account.

  • The Originator will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any CNB Customer Deposit Account cash or cash proceeds other than (i) Collections of Transferred Advances and (ii) solely with respect to any Investor Funding Account, the excess of the Take-Out Price with respect to any Mortgage Loan over the amount of the Advance related to such Mortgage Loan.

  • All moneys received by way of enforcement (verhaal) by the Beneficiaries under or by virtue of this Agreement will be divided in accordance with Clause 4.1 above and distributed to each relevant Beneficiary by transferring the amount thereof to the relevant Beneficiary Collection Account or, as the case may be, the Investor Funding Account, subject to the provisions of this Agreement and subject to mandatory provisions of Dutch law.

  • The Seller will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any CNB Customer Deposit Account or the Program Agent’s Account, cash or cash proceeds other than (i) Collections of Pool Assets and (ii) solely with respect to any Investor Funding Account, the excess of the Take-Out Price with respect to any Mortgage Loan over the amount of the Asset related to such Mortgage Loan.


More Definitions of Investor Funding Account

Investor Funding Account means Account No. ____________________ ------------------------ maintained in the name of Borrower with Lender at the office of Lender located at 000 Xxxx Xxxx Xxxxxx, Xxxxxxx, Xxxxxxx 00000, into which payments from Approved Investors and settlement of collections from Mortgage Loans or Mortgage-Backed Securities shall be deposited, or such other account(s) as Lender and Borrower shall designate for such purpose.
Sample 1
Investor Funding Account means Account No. 8037245274 maintained in the name of the Seller with the Buyer at the office of the Buyer located at 000 Xxxx Xxxx Xxxxxx, Xxxxxxx, Xxxxxxx 00000, into which Repurchase Price payments from the Seller or for the Seller’s account by Approved Investors and settlement of Income collections from Purchased Loans shall be deposited and applied to reduce the Repurchase Prices of such Purchased Loans in accordance with Section 4.4. The Investor Funding Account shall be a “blocked account” under the Buyer’s sole control and the Seller shall not have access to monies on deposit therein until transfer from time to time of surplus monies (after payment of Transactions) to the Master Advance Account in accordance with the provisions hereof. The Investor Funding Account shall not be subject to deductions, setoff or any other right in favor of any Person other than the Buyer.
Sample 1

Related to Investor Funding Account

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • 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 Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. 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 Prefunding Account shall be for the account of the Depositor.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Series Invested Amount means the Initial Invested Amount.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Investor Interest Collections means, for a Deposit Date or Collection Period, an amount equal to the product of (a) the Floating Investor Percentage for the related Collection Period, times (b) the Interest Collections for that Deposit Date or Collection Period, as applicable.

  • Investment Account As defined in Section 3.12(a).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).