Prefunding Account Deposit definition

Prefunding Account Deposit. Not applicable.
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Prefunding Account Deposit. The amount deposited in the Prefunding Account on the Closing Date for the purchase of Subsequent Mortgage Loans, which amount is $42,164,071.
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Prefunding Account Deposit. The amount deposited in the Prefunding Account on the Closing Date for the purchase of Subsequent Mortgage Loans, which amount is $46,231,820.28; allocated $28,219,647.21 to the Fixed Rate Group, $14,867,295.26 to Adjustable Rate Group I and $3,144,877.81 to Adjustable Rate Group II.
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Examples of Prefunding Account Deposit in a sentence

  • The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of Mortgage Loans will result in early retirement of the Certificates, the right of the Servicer to purchase being subject to the Pool Balance at the time of purchase being less than 5% of the sum of the Original Pool Balance and the Prefunding Account Deposit.

  • No later than the Closing Date, the Trustee will deposit in the Prefunding Account the Prefunding Account Deposit from the proceeds of the sale of the Offered Certificates.

  • Subject to Section 3.16, if all of the Subsequent Mortgage Loans are transferred to the Trust on the Closing Date, then the remaining portion of the Prefunding Account Deposit will be deposited into the Certificate Account and held there, without investment thereof, until the first Distribution Date.

  • The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of Mortgage Loans will result in early retirement of the Certificates, the right of the Servicer to purchase being subject to the Pool Balance at the time of purchase being less than 10% of the sum of the Original Pool Balance and the Prefunding Account Deposit.

  • The exercise of the right of the Certificate Insurer to purchase all the Mortgage Loans and property in respect of Mortgage Loans will result in early retirement of the Certificates, the right of the Certificate Insurer to purchase being subject to Mortgage Loans with aggregate Cut-off Date Principal Balances equal to or greater than 25% of the sum of the Original Pool Balance and the Prefunding Account Deposit having become Liquidated Mortgage Loans prior to the time of purchase.

  • The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of all Mortgage Loans in the Trust will result in early retirement of the Certificates, the right of the Servicer to purchase being subject to the Pool Balance at the time of purchase being less than 5% of the sum of the Original Pool Balance and the Prefunding Account Deposit..

  • The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of all Mortgage Loans in the Trust will result in early retirement of the Certificates, the right of the Servicer to purchase being subject to the Pool Balance at the time of purchase being less than 5% of the sum of the Original Pool Balance and the Prefunding Account Deposit.

  • On or before the last day of the Funding Period, the Seller shall convey to the Trustee pursuant to this Section 2.02 the lesser of: (i) all Mortgage Loans then in its possession that satisfy the requirements of this Section 2.02 or (ii) the maximum principal balance of Mortgage Loans as determined by Seller that satisfy the requirements of this Section 2.02 whose aggregate Subsequent Purchase Price does not exceed the Prefunding Account Deposit.

  • On or before the last day of the Funding Period, the Seller shall convey to the Depositor and the Depositor to the Trustee pursuant to this Section 2.02 the lesser of: (i) all Mortgage Loans then in its possession that satisfy the requirements of this Section 2.02 or (ii) the maximum principal balance of Mortgage Loans as determined by Seller that satisfy the requirements of this Section 2.02 whose aggregate Subsequent Purchase Price does not exceed the Prefunding Account Deposit.

  • No later than the Closing Date, the Trustee will deposit in the Prefunding Account: (i) the Fixed Rate Group Prefunding Account Deposit from the proceeds of the sale of the Fixed Rate Group Certificates and (ii) the Adjustable Rate Group Prefunding Account Deposit from the proceeds of the sale of the Adjustable Rate Group Certificates.


More Definitions of Prefunding Account Deposit

Prefunding Account Deposit. The amount deposited in the Prefunding Account on the Closing Date for the purchase of Subsequent Mortgage Loans, which amount is $59,643,785.03 of which $51,532,230.49 shall be allocated to Group I and $8,111,554.54 shall be allocated to Group II.
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Prefunding Account Deposit. The amount deposited in the Prefunding Account on the Closing Date and allocated for the purchase of Subsequent Mortgage Loans having adjustable Mortgage Loan Rates to be included in the Adjustable Rate Group, which amount is $39,998,201.42. Prefunding Account Release: Means the amount to be released from the Prefunding Account (or, if the Subsequent Mortgage Loans are purchased by the Trust on the Closing Date, from the Certificate Account) on the Distribution Date in September 1999, equal to the portion of the Prefunding Account Deposit not used to purchase Subsequent Mortgage Loans during the Funding Period.
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Prefunding Account Deposit. The meaning given in the Terms Schedule attached hereto. "Private Placement Memorandum" or "Final Private Placement Memorandum": The preliminary Private Placement Memorandum dated March 5, 1997 or the final Private Placement Memorandum dated March 24, 1997. "Proceeding": Any suit in equity, action at law or other judicial or administrative proceeding. "PUT Payments": A provision in a Lease Contract obligating the lessee to purchase the related Equipment upon termination. "Rating Agencies": Moody's and S & P. "Record Date": The close of business on the last day of the month preceding the applicable Payment Date, whether or not a Business Day, except with respect to an Initial Payment Date, the Record Date shall be the Closing Date. "Recoveries": For any Monthly Period occurring after the date on which any Lease Contract becomes a Defaulted Lease Contract and with respect to such Defaulted Lease Contract, all payments that the Servicer received from or on behalf of a Customer during such Monthly Period in respect of such Defaulted Lease Contract or from liquidation or re-leasing of the related Equipment, including but not limited to prepayments, Scheduled Payments, Overdue Payments, Guaranty Amounts, and Insurance Proceeds. "Redemption Account": The trust account or accounts created and maintained pursuant to Section 12.02 hereof. "Redemption Date": A date fixed pursuant to Section 10.01 hereof.
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Prefunding Account Deposit. $12,827,258.18. "Required Collateralization Amount": As of the Closing Date, $3,112,399.78, and as of any date of determination thereafter, the greatest of:
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Prefunding Account Deposit. $82,720,605.
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Prefunding Account Deposit. $[ ] or, if all of the Subsequent Mortgage Loans are purchased by the Trust on the Closing Date, $0.
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Related to Prefunding Account Deposit

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • 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.

  • Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Initial Reserve Account Deposit means $3,250,000.

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

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

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

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

  • 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.

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

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

  • Reserve Account Required Amount means, with respect to any Payment Date, the lesser of (i) the excess of (A) the Specified Reserve Balance, over (B) the amount on deposit in the Reserve Account on such Payment Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Payment Date, and (ii) the amount remaining in the Indenture Collections Account after taking into account the distributions therefrom described in clauses (i) through (xiv) of Section 8.3(a) of the Indenture.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Holding Account means an account:

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

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

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.