Closing Date Deposit Amount definition
Closing Date Deposit Amount. $714,492 (all of which is allocable to principal) deposited by the Depositor into the Distribution Account on the Closing Date. $593,293 of the Closing Date Deposit Amount shall be attributable to the Group I Mortgage Loans, and $121,199 of the Closing Date Deposit Amount shall be attributable to the Group II Mortgage Loans.
Closing Date Deposit Amount. $0 (all of which is allocable to principal) deposited by the Depositor into the Distribution Account on the Closing Date.
Closing Date Deposit Amount. An amount equal to $1,025,866.92, which is equal to thirty-one (31) days’ gross interest on the Mortgage Loan, which the Loan Sellers (on behalf of the Depositor) shall transfer to the Servicer for deposit into the Collection Account on the Closing Date.
Examples of Closing Date Deposit Amount in a sentence
The Depositor shall cause to be deposited into the Distribution Account on the Closing Date the Closing Date Deposit Amount.
The Depositor shall cause the Closing Date Deposit Amount to be deposited into the Distribution Account on the Closing Date.
In addition, the Seller shall remit to the Securities Administrator the remainder of the Closing Date Deposit Amount, if any.
The Master Servicer shall hold such Closing Date Deposit Amount in the Collection Account and shall include the Closing Date Deposit Amount in Available Funds for the initial Distribution Date.
On the Closing Date, the Depositor will deposit the Closing Date Deposit Amount into the Distribution Account.
More Definitions of Closing Date Deposit Amount
Closing Date Deposit Amount. $62,395.21, representing the aggregate amount of interest that would have accrued at the related Mortgage Rates on the applicable Mortgage Loans commencing October 1, 2006 for those Mortgage Loans that do not require payment of a full month's interest on the Due Date in November 2006 or do not have a Due Date until December 2006.
Closing Date Deposit Amount. $447,739.69, representing the aggregate amount of interest that would have accrued at the related Mortgage Rates on the applicable Mortgage Loans commencing August 1, 2007 for those Mortgage Loans that do not have a Due Date in September 2007.
Closing Date Deposit Amount. With respect to each Closing Date Deposit Mortgage Loan, a cash amount to be deposited by the related Pooled Mortgage Loan Seller pursuant to the related Pooled Mortgage Loan Purchase Agreement, as set forth on Schedule VII, which cash amount represents, as to each such Pooled Mortgage Loan, the aggregate amount of interest that would have accrued on the related Cut-off Date Principal Balance of such Closing Date Deposit Mortgage during the entire month of June 2007 at the related Mortgage Rate as if such Mortgage Loan accrued interest for such month.
Closing Date Deposit Amount. $2,354.73 deposited by the Depositor into the Distribution Account on the Closing Date. $2.89 of the Closing Date Deposit Amount shall be attributable to interest in respect of the Group I Mortgage Loans and $444.35 of the Closing Date Deposit Amount shall be attributable to principal in respect of the Group I Mortgage Loans. $12.22 of the Closing Date Deposit amount shall be attributable to interest in respect of the Group II Mortgage Loans and $1,895.28 of the Closing Date Deposit Amount shall be attributable to principal in respect of the Group II Mortgage Loans.
Closing Date Deposit Amount. $116,218.37, representing the aggregate amount of interest that would have accrued at the related Mortgage Rates on the applicable Mortgage Loans commencing December 1, 2006 for those Mortgage Loans that do not have a Due Date in January 2007.
Closing Date Deposit Amount. $[__________], representing the aggregate amount of interest that would have accrued at the related Mortgage Rates during the Due Period ending in [________] 20[__], for those Mortgage Loans originated in [________] 20[__] that do not have their first Monthly Payment due until [________] 20[__].
Closing Date Deposit Amount. $214,651.92 representing the aggregate amount of interest that would have accrued at the related Net Mortgage Rates during the Due Period ending in March 2004, for those Mortgage Loans that do not have their first Monthly Payment due until April 2004 and 1 day's interest at the Net Mortgage Rate for each Actual/Actual Mortgage Loan and each Actual/360 Mortgage Loan.