Pre-Funded Amount definition

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

Pre-Funded Amount means with respect to any Payment Date, the amount on deposit in the Pre-Funding Account, if any.

Pre-Funded Amount means, with respect to any Distribution Date, the amount on deposit in the Pre-Funding Account, (exclusive of Pre-Funding Earnings) which initially shall be $925,000,242.40.

Examples of Pre-Funded Amount in a sentence

• On any Distribution Date following the date at which the remaining aggregate Principal Balance of the Mortgage Loans is less than 10% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-off Date plus the Original Pre-Funded Amount, the Master Servicer may purchase, in whole, from the Trust the Mortgage Loans at a purchase price determined as provided in the Agreement.

• The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Scheduled Principal Balance of the Mortgage Loans and the fair market value of each REO Property remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Scheduled Principal Balance of the Mortgage Loans as of the Cut-Off Date plus the Original Pre-Funded Amount.

• The Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the Depositor.

• 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.

• If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

More Definitions of Pre-Funded Amount

Pre-Funded Amount. The amount deposited in the Pre-Funding Account on the Closing Date, which shall equal $________________.

Pre-Funded Amount means as of any date, the amount on deposit in the Pre-Funding Account at the close of business on such date.

Pre-Funded Amount. The amount deposited in the Prefunding Account on the Closing Date, which shall equal $70,578,729.77.

Pre-Funded Amount. With respect to any date and Group, the amount remaining on deposit in the Pre-Funding Account with respect to such Group (exclusive of any related Pre-Funding Account Earnings).

Pre-Funded Amount means (a) the Initial Pre-Funded Amount, minus (b) the amount of any increases in the Invested Amount during the Funding Period pursuant to Section 4.18, minus (c) the amount of any principal losses on funds on deposit in the Pre-Funding Account and minus (d) the amount withdrawn from the Pre-Funding Account and deposited in the Excess Funding Account pursuant to Section 4.17(b).

Pre-Funded Amount. As of the Closing Date, the Original Pre-Funded Amount. As of any date thereafter, the amount on deposit in the Pre-Funding Account, excluding any Pre-Funding Earnings included therein.

Pre-Funded Amount means the amount on deposit in the Pre-Funding Account from time to time, excluding any investment income on funds on deposit therein.]