Common use of Completion of Assignment Clause in Contracts

Completion of Assignment. Subject to satisfaction of the conditions precedent set out in Clause 4.1 above and to acceptance of that offer by the Seller, Funding shall pay to the Seller an amount equal to the increase in the Funding Share of the Trust Property and the Funding Share of the Trust Property shall increase by a corresponding amount, and the Seller Share shall decrease by the same amount.

Appears in 3 contracts

Samples: Mortgages Trust Deed (Holmes Financing No 8 PLC), Mortgages Trust Deed (HOLMES FINANCING (No. 9) PLC), Mortgages Trust Deed (HOLMES FINANCING (No. 9) PLC)

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Completion of Assignment. Subject to satisfaction of the conditions precedent set out in Clause 4.1 above and to acceptance of that offer by the Seller, Funding shall pay to the Seller an amount equal to the increase in the Funding Share and, on the date of the Trust Property and such payment, the Funding Share of the Trust Property shall increase by a corresponding amount, and the Seller Share shall decrease by the same amountamount in accordance with Clause 8.3 and Clause 8.6 below.

Appears in 1 contract

Samples: Mortgages Trust Deed (Holmes Funding LTD)

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Completion of Assignment. Subject to satisfaction of the conditions precedent set out in Clause CLAUSE 4.1 above and to acceptance of that offer is accepted by the Seller, Funding shall pay to the Seller an amount equal to the increase in the Funding Share share of the Trust Property and the Funding Share share of the Trust Property shall increase by a corresponding amount, and the Seller Share shall decrease by the same amount.

Appears in 1 contract

Samples: Mortgages Trust Deed (Holmes Financing No 6 PLC)

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