ALLOCATION AND DISTRIBUTION OF PRINCIPAL RECEIPTS PRIOR TO THE. OCCURRENCE OF A TRIGGER EVENT On each Distribution Date where no Trigger Event has occurred on or before the immediately preceding Calculation Date, the Cash Manager shall allocate and distribute Mortgages Trust Available Principal Receipts as follows:
Appears in 7 contracts
Samples: Permanent Financing (No. 5) PLC, Permanent Mortgages Trustee LTD, Permanent Financing (No. 6) PLC