ADJUSTMENT TO SHARES IF OFFER ACCEPTED. If Funding 1 accepts the offer as described in CLAUSE 7.1 above, then the Funding 1 Share of the Trust Property shall decrease by an amount corresponding to the amount paid by the Seller and the Seller Share of the Trust Property shall increase by the same amount.
Appears in 5 contracts
Samples: Permanent Mortgages Trustee LTD, Permanent Financing (No. 6) PLC, Permanent Financing (No. 5) PLC
ADJUSTMENT TO SHARES IF OFFER ACCEPTED. If Funding 1 accepts the offer as described in CLAUSE 7.1 Clause 6.1 above, then the Funding 1 Share of the Trust Property shall decrease by an amount corresponding to the amount paid by the Seller and the Seller Share of the Trust Property shall increase by the same amount.
Appears in 2 contracts
Samples: HOLMES FINANCING (No. 9) PLC, HOLMES FINANCING (No. 9) PLC
ADJUSTMENT TO SHARES IF OFFER ACCEPTED. If Funding 1 accepts the offer as described in CLAUSE Clause 7.1 above, then the Funding 1 Share of the Trust Property shall decrease by an amount corresponding to the amount paid by the Seller and the Seller Share of the Trust Property shall increase by the same amount.
Appears in 2 contracts
Samples: Permanent Mortgages Trustee LTD, Permanent Mortgages Trustee LTD
ADJUSTMENT TO SHARES IF OFFER ACCEPTED. If Funding 1 accepts the offer as described in CLAUSE 7.1 above, then the Funding 1 Share of the Trust Property shall decrease by an amount corresponding to the amount paid by the Seller and the Seller Share of the Trust Property shall increase by the same amount.
Appears in 1 contract
Samples: Holmes Financing No 6 PLC
