Common use of BROKEN PERIODS Clause in Contracts

BROKEN PERIODS. Funding shall forthwith on demand indemnify an Issuer against any loss or liability that such Issuer incurs as a consequence of any payment of principal being received from any source otherwise than on a Payment Date or an overdue amount being received otherwise than on its due date.

Appears in 6 contracts

Samples: Agreement (Granite Mortgages 03-2 PLC), Intercompany Loan Agreement (Granite Mortgages 03-2 PLC), Intercompany Loan Terms and Conditions (Granite Mortgages 02-1 PLC)

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BROKEN PERIODS. Funding 1 shall forthwith on demand indemnify an the Issuer against any loss or liability that such the Issuer incurs as a consequence of any payment of principal being received from any source otherwise than on a Funding 1 Interest Payment Date or an overdue amount being received otherwise than on its due date.

Appears in 5 contracts

Samples: Intercompany Loan Agreement, Intercompany Loan Agreement, Intercompanyloan Agreement

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BROKEN PERIODS. Funding shall forthwith on demand indemnify an the Issuer against any loss or liability that such the Issuer incurs as a consequence of any payment of principal being received from any source otherwise than on a Interest Payment Date or an overdue amount being received otherwise than on its due date.

Appears in 2 contracts

Samples: Agreement (HOLMES FINANCING (No. 9) PLC), Agreement (HOLMES FINANCING (No. 9) PLC)

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