Common use of ADJUSTMENTS TO TRUST PROPERTY Clause in Contracts

ADJUSTMENTS TO TRUST PROPERTY. (a) On each relevant Calculation Date, the aggregate Outstanding Principal Balance of the Loans constituting the Trust Property shall be reduced or, as the case may be, deemed to be reduced for the purposes of the calculation set out in "G" above, if any of the following events has occurred during the Calculation Period immediately preceding the relevant Calculation Date:

Appears in 7 contracts

Samples: Permanent Mortgages Trustee LTD, Permanent Financing (No. 5) PLC, Permanent Mortgages Trustee LTD

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ADJUSTMENTS TO TRUST PROPERTY. (a) On each relevant Calculation Date, Relevant Distribution Date the aggregate Outstanding Principal Balance of the Loans constituting the Trust Property shall be reduced or, as the case may be, deemed to be reduced for the purposes of the calculation set out in "G" above, if any of the following events has occurred during in the Calculation Distribution Period immediately preceding ending on the relevant Calculation Relevant Distribution Date:

Appears in 4 contracts

Samples: Holmes Financing No 6 PLC, Holmes Financing No 8 PLC, HOLMES FINANCING (No. 9) PLC

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ADJUSTMENTS TO TRUST PROPERTY. (a) On each relevant Calculation Date, Relevant Distribution Date the aggregate Outstanding Principal Balance of the Loans constituting comprised in the Trust Property shall be reduced or, as the case may be, deemed to be reduced for the purposes of the calculation set out in "GH" above, if any of the following events has occurred during in the Calculation Period immediately preceding the relevant Calculation DateDistribution Period:

Appears in 1 contract

Samples: Holmes Funding LTD

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