Examples of Pre-Funding Period in a sentence
The recomputed Interest Coverage Amount shall be not less than the amount necessary to cover the Capitalized Interest Requirement for each remaining Payment Date in the Pre-Funding Period.
If any funds remain in the Capitalized Interest Account at the end of the Pre-Funding Period, the Securities Administrator shall make the transfer described in the preceding sentence if necessary for the Distribution Date following the expiration of the Pre-Funding Period and the Securities Administrator shall distribute any remaining funds in the Capitalized Interest Account to the order of the Depositor.
Actual Number of Days from Payment Date to End of Pre-Funding Period 0 d.
Transfer of Prefunding Account Balance due to End of Pre-Funding Period 0.00 10.
On the Payment Date on which the Pre-Funding Period ends (or, if the Pre-Funding Period does not end on a Payment Date, on the first Payment Date following the end of the Pre-Funding Period), the Servicer shall instruct the Indenture Trustee to release to the Seller on such Payment Date all amounts remaining on deposit in the Negative Carry Account after giving effect to any withdrawals of the Negative Carry Amount on such Payment Date.