Application of Moneys. All moneys received by the Note Trustee in respect of the Current Issuer Notes or amounts payable under these presents will (including any moneys which represent principal or interest in respect of Current Issuer Notes which have become void under the Current Issuer Conditions) be held by the Note Trustee on trust to apply them (subject to Clause 8.3 (Authorised Investments)) in accordance with the Current Issuer Priority of Payments.
Appears in 17 contracts
Samples: Granite Mortgages 04-2 PLC, Granite Mortgages 03-2 PLC, Granite Mortgages 03-3 PLC