Common use of Closing Trust Property Clause in Contracts

Closing Trust Property. The Closing Trust Property shall be held by the Mortgages Trustee on the Mortgages Trust subject to satisfaction of the following conditions precedent: (a) the due execution and delivery of the Mortgage Sale Agreement by all parties to it; (b) the due execution and delivery of this Deed by all parties to it; (c) the satisfaction or waiver in accordance with the terms of the Mortgage Sale Agreement of the conditions to the sale and assignment of the Initial Mortgage Portfolio as set out in Clause 2 (Sale and Purchase of Initial Mortgage Portfolio) and Clause 3 (Initial Closing Date) of the Mortgage Sale Agreement; (d) the payment by Funding to the Mortgages Trustee of Funding's Initial Contribution for the Initial Funding Share Percentage in accordance with Clause 4 (Consideration); and (e) the payment by the Mortgages Trustee to the Seller of the Initial Purchase Price for the sale and assignment to the Mortgages Trustee of the Initial Mortgage Portfolio.

Closing Trust Property. The Closing Trust Property shall be held by the Mortgages Trustee on the Mortgages Trust subject to satisfaction of the following conditions precedent: (aA) the due execution and delivery of the Mortgage Sale Agreement by all parties to it; (bB) the due execution and delivery of this Deed by all parties to itit on the Initial Closing Date; (cC) the satisfaction or waiver in accordance with the terms of the Mortgage Sale Agreement of the conditions to the sale and assignment of the Initial Mortgage Portfolio as set out in Clause 2 (Sale and Purchase of Initial Mortgage Portfolio) and Clause 3 (Initial Closing Date) of the Mortgage Sale Agreement; (dD) the payment by Funding to the Mortgages Trustee of Funding's Initial Contribution for the Initial Funding Share Percentage in accordance with Clause 4 (Consideration); and (eE) the payment by the Mortgages Trustee to the Seller of the Initial Purchase Price for the sale and assignment to the Mortgages Trustee of the Initial Mortgage Portfolio.

Closing Trust Property. The Closing Trust Property shall be held by the Mortgages Trustee on the Mortgages Trust subject to satisfaction of the following conditions precedent: (aA) the due execution and delivery of the Mortgage Sale Agreement by all parties to it; (bB) the due execution and delivery of this Deed by all parties to it; (cC) the satisfaction or waiver in accordance with the terms of the Mortgage Sale Agreement of the conditions to the sale and assignment of the Initial Mortgage Portfolio as set out in Clause 2 (Sale and Purchase of Initial Mortgage Portfolio) and Clause 3 (Initial Closing Date) of the Mortgage Sale Agreement; (dD) the payment by Funding to the Mortgages Trustee of Funding's Initial Contribution for the Initial Funding Share Percentage in accordance with Clause 4 (Consideration); and (eE) the payment by the Mortgages Trustee to the Seller of the Initial Purchase Price for the sale and assignment to the Mortgages Trustee of the Initial Mortgage Portfolio.