Pre-Funding Amount definition

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

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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deposit in respect of the Series Pre-Funding Amount in the Series Distribution Account pursuant to Section 8 shall be withdrawn from the Series Distribution Account and paid to each Class, seriatim, in accordance with the following calculation: an amount equal to the product of (i) a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 $108,413,125.

Pre-Funding Amount. The amount deposited in the Pre-Funding Account on the Closing Date, which shall equal $76,218,939.90, to purchase Subsequent Mortgage Loans.

Pre-Funding Amount. The amount deposited by the Depositor on the Closing Date into the Pre-Funding Accounts which is $172,946,437 and which may be used by the Trustee during the Pre-Funding Period solely to purchase Subsequent Mortgage Loans. Pre-Funding Period: The period beginning on the Closing Date and ending on December 15, 2003.

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 amount deposited by the Administrator into the Pre-Funding Account on the Closing Date.] [Pre-Funding Period: The period beginning on the Closing Date and ending on [ ].]