Completion of Assignment. If an offer is made by Funding 1 in accordance with CLAUSE 4.1 above and that offer is accepted by the Seller, Funding 1 shall, subject to satisfaction of the conditions precedent set out in CLAUSE 4.1 above, pay to the Seller an amount equal to the increase in the Funding 1 share of the Trust Property, the Funding 1 Share of the Trust Property shall increase by a corresponding amount and the Seller Share of the Trust Property shall decrease by the same amount.
Appears in 4 contracts
Samples: Mortgages Trust Deed (Permanent Mortgages Trustee LTD), Mortgages Trust Deed (Permanent Financing (No. 6) PLC), Mortgages Trust Deed (Permanent Financing (No. 5) PLC)
Completion of Assignment. If an offer is made by Funding 1 in accordance with CLAUSE 4.1 Clause above and that offer is accepted by the Seller, Funding 1 shall, subject to satisfaction of the conditions precedent set out in CLAUSE 4.1 Clause above, pay to the Seller an amount equal to the increase in the Funding 1 share of the Trust Property, Property and the Funding 1 Share of the Trust Property shall increase by a corresponding amount amount, and the Seller Share of the Trust Property shall decrease by the same amount.
Appears in 1 contract
Samples: Mortgages Trust Deed (Permanent Mortgages Trustee LTD)
Completion of Assignment. If an offer is made by Funding 1 in accordance with CLAUSE Clause 4.1 above and that offer is accepted by the Seller, Funding 1 shall, subject to satisfaction of the conditions precedent set out in CLAUSE Clause 4.1 above, pay to the Seller an amount equal to the increase in the Funding 1 share of the Trust Property, the Funding 1 Share of the Trust Property shall increase by a corresponding amount and the Seller Share of the Trust Property shall decrease by the same amount.
Appears in 1 contract
Samples: Mortgages Trust Deed (Permanent Mortgages Trustee LTD)
Completion of Assignment. If an offer is made by Funding 1 in accordance with CLAUSE 4.1 above and that offer is accepted by the Seller, Funding 1 shall, subject to satisfaction of the conditions precedent set out in CLAUSE 4.1 above, pay to the Seller an amount equal to the increase in the Funding 1 share of the Trust Property, Property and the Funding 1 Share of the Trust Property shall increase by a corresponding amount amount, and the Seller Share of the Trust Property shall decrease by the same amount.
Appears in 1 contract
Samples: Mortgages Trust Deed (Permanent Mortgages Trustee LTD)