Pre-Funding Amount definition

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

Pre-Funding Amount. The amount deposited in the Pre-Funding Account on the Closing Date, which shall equal $8,108,825.23.

Pre-Funding Amount. The amount deposited in the Pre-Funding Account on the Closing Date, which shall equal $57,203,478.07. Pre-Funding Period: the period from the Closing Date until the earliest of (i) the date on which the amount on deposit in the Pre-Funding Account is reduced to zero, (ii) the date on which an Event of Default occurs or (iii) March 24, 2006.

Examples of Pre-Funding Amount in a sentence

• On the Series Closing Date, the Seller shall cause to be deposited into the Series Pre-Funding Account an amount equal to the Series Initial Pre-Funding Amount.

• On the Closing Date, the Depositor shall remit the Pre-Funding Amount to the Trustee for deposit in the Pre-Funding Account.

• An amount equal to the amount on deposit in respect of the Series Pre-Funding Amount in the Series Distribution Account pursuant to Section 8 shall be withdrawn from the Series Distribution Account and paid to each Class, seriatim, in accordance with the following calculation: an amount equal to the product of (i) a fraction the numerator of which is the Class Investor Interest and the denominator of which is the Series Investor Interest and (ii) such amount on deposit.

• On the Business Day immediately prior to that Distribution Date following the Due Period in which the Pre-Funding Period ends, the Trustee shall (i) withdraw the Unused Pre-Funding Amount from the Pre-Funding Account, (ii) promptly deposit such amount in the Distribution Account, and (iii) distribute such amount to the Certificates on the Distribution Date pursuant to Section 4.02.

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

More Definitions of Pre-Funding Amount

Pre-Funding Amount. With respect to any date, the amount on deposit in the Pre-Funding Account, which amount the Securities Administrator shall evidence to the Custodian upon request.

Pre-Funding Amount. For any date, the amount on deposit in the Pre-Funding Account as of that date (net of any reinvestment earnings thereon). On the Closing Date, the Pre-Funding Amount shall be $0.00.

Pre-Funding Amount. The amount deposited in the Pre-Funding Account on the Closing Date, which shall equal $22,826,015.27, to purchase Subsequent Mortgage Loans.

Pre-Funding Amount. As of any date of determination, the balance of funds on deposit in the Pre-Funding Account, exclusive of investment earnings thereon.

Pre-Funding Amount. With respect to either Pool and any date of determination, the amount on deposit in the related Pre-Funding Account.

Pre-Funding Amount. The aggregate amount deposited by the Depositor on the Closing Date into the Pre-Funding Accounts which is $467,373,852.85 (of which $159,843,823.99 has been allocated to the Pool 1 Pre-Funding Account, $67,868,351.00 has been allocated to the Pool 2 Pre-Funding Account, $162,657,120.49 has been allocated to the Pool 3 Pre-Funding Account and $77,004,557.37 has been allocated to the Pool 4 Pre-Funding Account) and which may be used by the Trustee during the Pre-Funding Period solely to purchase Subsequent Mortgage Loans.

Pre-Funding Amount means the amount on deposit in the Pre-Funding Account.]