Common use of ACKNOWLEDGEMENT OF NEW INTERCOMPANY LOANS Clause in Contracts

ACKNOWLEDGEMENT OF NEW INTERCOMPANY LOANS. The Eighth Issuer hereby acknowledges and agrees that from time to time Funding 1 may enter into New Intercompany Loans with New Issuers and that the obligation of Funding 1 to repay this Eighth Issuer Intercompany Loan and any New Intercompany Loan will depend on the Term Advance Rating of the individual Term Advances made to Funding 1 under any of the First Issuer Intercompany Loan, the Second Issuer Intercompany Loan Agreement, the Third Issuer Intercompany Loan Agreement, the Fourth Issuer Intercompany Loan, the Fifth Issuer Intercompany Loan, the Sixth Issuer Intercompany Loan, the Seventh Issuer Intercompany Loan, this Eighth Issuer Intercompany Loan and any New Intercompany Loans and the provisions of Schedule 3 to the Funding 1 Deed of Charge. Subject to CLAUSE 25 of the Funding 1 Deed of Charge (Supplemental Provisions Regarding the Security Trustee), any amendments to this Agreement will be made only with the prior written consent of each party to this Agreement.

Appears in 2 contracts

Samples: Permanent Mortgages Trustee LTD, Permanent Financing (No. 8) PLC

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ACKNOWLEDGEMENT OF NEW INTERCOMPANY LOANS. The Eighth Seventh Issuer hereby acknowledges and agrees that from time to time Funding 1 may enter into New Intercompany Loans with New Issuers and that the obligation of Funding 1 to repay this Eighth Seventh Issuer Intercompany Loan and any New Intercompany Loan will depend on the Term Advance Rating of the individual Term Advances made to Funding 1 under any of the First Issuer Intercompany Loan, the Second Issuer Intercompany Loan Agreement, the Third Issuer Intercompany Loan Agreement, the Fourth Issuer Intercompany Loan, the Fifth Issuer Intercompany Loan, the Sixth Issuer Intercompany Loan, the this Seventh Issuer Intercompany Loan, this Eighth Issuer Intercompany Loan and any New Intercompany Loans and the provisions of Schedule 3 to the Funding 1 Deed of Charge. Subject to CLAUSE 25 of the Funding 1 Deed of Charge (Supplemental Provisions Regarding the Security Trustee), any amendments to this Agreement will be made only with the prior written consent of each party to this Agreement.

Appears in 2 contracts

Samples: Agreement (Permanent Mortgages Trustee LTD), Permanent Mortgages Trustee LTD

ACKNOWLEDGEMENT OF NEW INTERCOMPANY LOANS. The Eighth Sixth Issuer hereby acknowledges and agrees that from time to time Funding 1 may enter into New Intercompany Loans with New Issuers and that the obligation of Funding 1 to repay this Eighth Sixth Issuer Intercompany Loan and any New Intercompany Loan will depend on the Term Advance Rating of the individual Term Advances made to Funding 1 under any of the First Issuer Intercompany Loan, the Second Issuer Intercompany Loan Agreement, the Third Issuer Intercompany Loan Agreement, the Fourth Issuer Intercompany Loan, the Fifth Issuer Intercompany Loan, the this Sixth Issuer Intercompany Loan, the Seventh Issuer Intercompany Loan, this Eighth Issuer Intercompany Loan and any New Intercompany Loans and the provisions of Schedule 3 to the Funding 1 Deed of Charge. Subject to CLAUSE 25 of the Funding 1 Deed of Charge (Supplemental Provisions Regarding the Security Trustee), any amendments to this Agreement will be made only with the prior written consent of each party to this Agreement.

Appears in 2 contracts

Samples: Intercompany Loan Agreement (Permanent Mortgages Trustee LTD), Agreement (Permanent Financing (No. 6) PLC)

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ACKNOWLEDGEMENT OF NEW INTERCOMPANY LOANS. The Eighth Fifth Issuer hereby acknowledges and agrees that from time to time Funding 1 may enter into New Intercompany Loans with New Issuers and that the obligation of Funding 1 to repay this Eighth Fifth Issuer Intercompany Loan and any New Intercompany Loan will depend on the Term Advance Rating of the individual Term Advances made to Funding 1 under any of the First Issuer Intercompany Loan, the Second Issuer Intercompany Loan Agreement, the Third Issuer Intercompany Loan Agreement, the Fourth Issuer Intercompany Loan, the this Fifth Issuer Intercompany Loan, the Sixth Issuer Intercompany Loan, the Seventh Issuer Intercompany Loan, this Eighth Issuer Intercompany Loan and any New Intercompany Loans and the provisions of Schedule 3 to the Funding 1 Deed of Charge. Subject to CLAUSE Clause 25 of the Funding 1 Deed of Charge (Supplemental Provisions Regarding the Security Trustee), any amendments to this Agreement will be made only with the prior written consent of each party to this Agreement.

Appears in 1 contract

Samples: Permanent Financing (No. 5) PLC

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