ACKNOWLEDGEMENT OF NEW INTERCOMPANY LOANS. The Current Issuer hereby acknowledges and agrees that Funding has entered into Previous Issuer Intercompany Loan Agreements with Previous Issuers and that from time to time Funding may enter into other New Intercompany Loans with New Issuers and that the obligation of Funding to repay this Current Issuer Intercompany Loan will rank pari passu with the obligations of Funding to repay the Previous Issuer Intercompany Loans and any New Intercompany Loans, other than in respect of the priority made in the allocation of principal receipts to an Issuer which has issued Money Market Notes.
Appears in 9 contracts
Samples: Agreement (Granite Mortgages 04-3 PLC), Agreement (Granite Mortgages 04-2 PLC), Granite Mortgages 04-1 PLC
ACKNOWLEDGEMENT OF NEW INTERCOMPANY LOANS. The Current Issuer hereby acknowledges and agrees that Funding has entered into Previous Issuer Intercompany Loan Agreements with Previous Issuers and that from time to time Funding may enter into other New Intercompany Loans with New Issuers and that the obligation of Funding to repay this Current Issuer Intercompany Loan will rank pari passu with the obligations of Funding to repay the Previous Issuer Intercompany Loans and any New Intercompany Loans, other than in respect of the priority made in the allocation of principal receipts to an Issuer which has issued Money Market Notes.
Appears in 1 contract
Samples: Intercompany Loan Agreement (Granite Mortgages 02-2 PLC)