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: Permanent Mortgages Trustee LTD, Permanent Financing (No. 6) PLC, Permanent Financing (No. 5) PLC
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: Permanent Mortgages Trustee LTD
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: 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: Permanent Mortgages Trustee LTD