Common use of Application Where 2 Mortgage Loans Clause in Contracts

Application Where 2 Mortgage Loans. If the Mortgages, First Layer of Collateral Securities, Mortgage Documents, and Mortgage Receivables referred to in clause 7.5 apply to more than one Mortgage Loan forming part of the Assets of the Series Trust, the holding of the Trustee's interest in such as trustee of the CBA Trust occurs only upon repayment in full of all such Mortgage Loans secured by such Mortgages, First Layer of Collateral Securities, Mortgage Documents and Mortgage Receivables.

Appears in 4 contracts

Samples: Interest and Principal (Securitisation Advisory Services Pty LTD), Securitisation Advisory Services Pty LTD, Securitisation Advisory Services Pty LTD

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