Application of Trust Property. The Receivables Trustee shall make all calculations as may be necessary or desirable for the purposes of distributing Trust Property in the manner and order of priority set out in Clause 5.
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Samples: Receivables Trust Deed and Trust Cash Management Agreement (Arran Funding LTD), Receivables Trust Deed and Trust Cash Management Agreement (Arran Funding LTD)
Application of Trust Property. The Receivables Trustee shall make all calculations as may be necessary or desirable for the purposes of distributing Trust Property in the manner and order of priority set out in Clause 5, as such Clause may be amended, supplemented or varied from time to time in the manner provided herein.
Appears in 2 contracts
Samples: Receivables Trust Deed and Servicing Agreement, Receivables Trust Deed and Servicing Agreement (Turquoise Receivables Trustee LTD)
Application of Trust Property. The Receivables Trustee shall make all calculations as may be necessary or desirable for the purposes of distributing apply Trust Property in the manner and order of priority set out in Clause 55 and shall perform calculations and allocations in a manner consistent with the principles set out in the First Schedule, as such principles may be amended, supplemented or varied from time to time in the manner provided herein.
Appears in 2 contracts
Samples: Deed of Amendment and Restatement (Barclaycard Funding PLC), Trust and Cash Management Agreement (Gracechurch Receivables Trustee LTD)
Application of Trust Property. The Receivables Trustee shall make all calculations as may be necessary or desirable for the purposes of distributing Trust Property in the manner and order of priority set out in Clause 55 (Distributions and Calculations in respect of Collections) as such Clause may be amended, supplemented or varied from time to time in the manner provided herein.
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