Common use of CURRENT FUNDING 1 SHARE PERCENTAGE Clause in Contracts

CURRENT FUNDING 1 SHARE PERCENTAGE. On each Calculation Date (the RELEVANT CALCULATION DATE) or on the date that the Mortgages Trust terminates, the Current Funding 1 Share Percentage will be recalculated and the recalculated amount will take effect from the next Distribution Date. The "Current Funding 1 Share Percentage" will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards), equal to: A - B - C + D + E + F --------------------- x 100 G where, A = the Current Funding 1 Share as calculated on the immediately preceding Calculation Date (or, in the case of the first Calculation Date, the Initial Funding 1 Share as at the Initial Closing Date); B = the amount of any Principal Receipts to be distributed to Funding 1 on the Distribution Date immediately following the relevant Calculation Date in accordance with the provisions described in CLAUSE 11 below; C = the amount of any Losses sustained on the Loans in the period from the last Calculation Date to the relevant Calculation Date and the amount of any reductions occurring in respect of the Loans as described in paragraphs (i) to (iv) of CLAUSE 8.4(a), in each case allocated to Funding 1 in the Calculation Period ending on the relevant Calculation Date; D = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any New Loans to be sold to the Mortgages Trustee on the relevant Calculation Date;

CURRENT FUNDING 1 SHARE PERCENTAGE. On each Calculation Date (the RELEVANT CALCULATION DATE) or on the date that the Mortgages Trust terminates, the Current Funding 1 Share Percentage will be recalculated and the recalculated amount will take effect from the next Distribution Date. The "Current Funding 1 Share Percentage" will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards), equal to: A - B - C + D + E + F --------------------- x 100 G where, A = the Current Funding 1 Share as calculated on the immediately preceding Calculation Date (or, in the case of the first Calculation Date, the Initial Funding 1 Share as at the Initial Closing Date); B = the amount of any Principal Receipts to be distributed to Funding 1 on the Distribution Date immediately following the relevant Calculation Date in accordance with the provisions described in CLAUSE 11 below; C = the amount of any Losses sustained on the Loans in the period from the last Calculation Date to the relevant Calculation Date and the amount of any reductions occurring in respect of the Loans as described in paragraphs (i) to (iv) of CLAUSE 8.4(a8.4(A), in each case allocated to Funding 1 in the Calculation Period ending on the relevant Calculation Date; D = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any New Loans to be sold to the Mortgages Trustee on the relevant Calculation Date; E = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any acquisition by Funding 1 from the Seller on the relevant Calculation Date of an interest in the Trust Property;

CURRENT FUNDING 1 SHARE PERCENTAGE. On each Calculation Date (the RELEVANT CALCULATION DATE) or on the date that the Mortgages Trust terminates, the Current Funding 1 Share Percentage will be recalculated and the recalculated amount will take effect from the next Distribution Date. The "Current Funding 1 Share Percentage" will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards), equal to: A - B - C + D + E + F --------------------- x X 100 G where, A = the Current Funding 1 Share as calculated on the immediately preceding Calculation Date (or, in the case of the first Calculation Date, the Initial Funding 1 Share as at the Initial Closing Date); B = the amount of any Principal Receipts to be distributed to Funding 1 on the Distribution Date immediately following the relevant Calculation Date in accordance with the provisions described in CLAUSE 11 below; C = the amount of any Losses sustained on the Loans in the period from the last Calculation Date to the relevant Calculation Date and the amount of any reductions occurring in respect of the Loans as described in paragraphs (i) to (iv) of CLAUSE 8.4(a), in each case allocated to Funding 1 in the Calculation Period ending on the relevant Calculation Date; D = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any New Loans to be sold to the Mortgages Trustee on the relevant Calculation Date;; E = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any acquisition by Funding 1 from the Seller on the relevant Calculation Date of an interest in the Trust Property; F = an amount equal to any Capitalised Interest accruing on a Loan due to Borrowers taking payment holidays or which has been allocated to Funding 1 since the immediately preceding Calculation Date, less the amount to be paid by the Seller on the relevant Distribution Date to acquire an interest in the Trust Property in accordance with CLAUSE 6 above; and

CURRENT FUNDING 1 SHARE PERCENTAGE. On each Calculation Date (the RELEVANT CALCULATION DATErelevant Calculation Date) or on the date that the Mortgages Trust terminates, the Current Funding 1 Share Percentage will be recalculated and the recalculated amount will take effect from the next Distribution Date. The "Current Funding 1 Share Percentage" will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards), equal to: A - B - C + D + E + F --------------------- x ----------------------x 100 G where, A = the Current Funding 1 Share as calculated on the immediately preceding Calculation Date (or, in the case of the first Calculation Date, the Initial Funding 1 Share as at the Initial Closing Date); B = the amount of any Principal Receipts to be distributed to Funding 1 on the Distribution Date immediately following the relevant Calculation Date in accordance with the provisions described in CLAUSE Clause 11 below; C = the amount of any Losses sustained on the Loans in the period from the last Calculation Date to the relevant Calculation Date and the amount of any reductions occurring in respect of the Loans as described in paragraphs (i) to (iv) of CLAUSE Clause 8.4(a), in each case allocated to Funding 1 in the Calculation Period ending on the relevant Calculation Date; D = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any New Loans to be sold to the Mortgages Trustee on the relevant Calculation Date; E = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any acquisition by Funding 1 from the Seller on the relevant Calculation Date of an interest in the Trust Property;

CURRENT FUNDING 1 SHARE PERCENTAGE. On each Calculation Date (the RELEVANT CALCULATION DATE) or on the date that the Mortgages Trust terminates, the Current Funding 1 Share Percentage will be recalculated and the recalculated amount will take effect from the next Distribution Date. The "Current Funding 1 Share Percentage" will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards), equal to: A - B - C + D + E + F --------------------- x A-B-C+D+E+F ------------- X 100 G where, A = the Current Funding 1 Share as calculated on the immediately preceding Calculation Date (or, in the case of the first Calculation Date, the Initial Funding 1 Share as at the Initial Closing Date); B = the amount of any Principal Receipts to be distributed to Funding 1 on the Distribution Date immediately following the relevant Calculation Date in accordance with the provisions described in CLAUSE Clause 11 below; C = the amount of any Losses sustained on the Loans in the period from the last Calculation Date to the relevant Calculation Date and the amount of any reductions occurring in respect of the Loans as described in paragraphs (i) to (iv) of CLAUSE Clause 8.4(a), in each case allocated to Funding 1 in the Calculation Period ending on the relevant Calculation Date; D = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any New Loans to be sold assigned to the Mortgages Trustee on the relevant Calculation Date; E = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any acquisition by Funding 1 from the Seller on the relevant Calculation Date of an interest in the Trust Property;

CURRENT FUNDING 1 SHARE PERCENTAGE. On each Calculation Date (the RELEVANT CALCULATION DATE) or on the date that the Mortgages Trust terminates, the Current Funding 1 Share Percentage will be recalculated and the recalculated amount will take effect from the next Distribution Date. The "Current Funding 1 Share Percentage" will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards), equal to: A - B - C + D + E + F --------------------- x 100 G where, A = the Current Funding 1 Share as calculated on the immediately preceding Calculation Date (or, in the case of the first Calculation Date, the Initial Funding 1 Share as at the Initial Closing Date); B = the amount of any Principal Receipts to be distributed to Funding 1 on the Distribution Date immediately following the relevant Calculation Date in accordance with the provisions described in CLAUSE 11 below; C = the amount of any Losses sustained on the Loans in the period from the last Calculation Date to the relevant Calculation Date and the amount of any reductions occurring in respect of the Loans as described in paragraphs (i) to (iv) of CLAUSE 8.4(a), in each case allocated to Funding 1 in the Calculation Period ending on the relevant Calculation Date; D = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any New Loans to be sold to the Mortgages Trustee on the relevant Calculation Date; E = an amount equal to any consideration to be paid by Funding 1 to the Seller in relation to any acquisition by Funding 1 from the Seller on the relevant Calculation Date of an interest in the Trust Property;