Appropriation by Paying Agent. If any Paying Agent makes any payment in accordance with Clause 8.1 (Payments in respect of Current Issuer Notes), it shall be entitled to appropriate for its own account out of the funds received by it under Clause 7.1 (Current Issuer to pay the Paying Agents) an amount equal to the amount so paid by it.
Appears in 12 contracts
Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 03-2 PLC), Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 03-3 PLC), Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 04-1 PLC)
Appropriation by Paying Agent. If any Paying Agent makes any payment in accordance with Clause 8.1 (Payments in respect of Current Issuer Notes), it shall be entitled to appropriate for its own account out of the funds received by it under Clause 7.1 (Current Master Issuer to pay the Paying Agents) an amount equal to the amount so paid by it.
Appears in 3 contracts
Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Finance Funding 2 LTD), Issuer Paying Agent and Agent Bank Agreement (Granite Finance Trustees LTD), Issuer Paying Agent and Agent Bank Agreement (Granite Finance Trustees LTD)
Appropriation by Paying Agent. β If any Paying Agent makes any payment in accordance with Clause 8.1 (Payments in respect of Current Issuer NotesNotes and Residual Certificates), it shall be entitled to appropriate for its own account out of the funds received by it under Clause 7.1 (Current Issuer to pay the Principal Paying AgentsAgent and Class S VFN Registrar) an amount equal to the amount so paid by it.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
Appropriation by Paying Agent. If any Paying Agent makes any payment in accordance with Clause 8.1 (Payments in respect of Current Issuer Notes), it shall be entitled to appropriate for its own account out of the funds received by it under Clause 7.1 (Current Issuer to pay the Principal Paying AgentsAgent) an amount equal to the amount so paid by it.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
Appropriation by Paying Agent. If any Paying Agent makes any payment in accordance with Clause 8.1 (Payments in respect of Current Issuer NotesPAYMENTS IN RESPECT OF CURRENT ISSUER NOTES), it shall be entitled to appropriate for its own account out of the funds received by it under Clause 7.1 (Current Issuer to pay the Paying AgentsCURRENT ISSUER TO PAY THE PAYING AGENTS) an amount equal to the amount so paid by it.
Appears in 1 contract
Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 02-2 PLC)
Appropriation by Paying Agent. β If any Paying Agent makes any payment in accordance with Clause 8.1 (Payments in respect of Current Issuer Notes), it shall be entitled to appropriate for its own account out of the funds received by it under Clause 7.1 (Current Issuer to pay the Principal Paying AgentsAgent) an amount equal to the amount so paid by it.
Appears in 1 contract
Samples: Agency Agreement
Appropriation by Paying Agent. If any Paying Agent makes any payment in accordance with Clause 8.1 (Payments in respect of Current Issuer NotesNotes and Residual Certificates), it shall be entitled to appropriate for its own account out of the funds received by it under Clause 7.1 (Current Issuer to pay the Principal Paying AgentsAgent and Class S VFN Registrar) an amount equal to the amount so paid by it.
Appears in 1 contract
Samples: Agency Agreement
