CURRENT SELLER SHARE PERCENTAGE. (a) On each Distribution Date, the "Current Seller Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or the related Interim Calculation Period, as applicable, and the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and will be a percentage equal to: 100% - Current Funding Share Percentage where the Current Funding Share Percentage is calculated on such Distribution Date in accordance with Clause 8.2(a) above.
Appears in 4 contracts
Samples: Granite Mortgages 03-3 PLC, Granite Mortgages 03-1 PLC, Granite Mortgages 04-2 PLC
CURRENT SELLER SHARE PERCENTAGE. (aA) On each Relevant Distribution Date, the "Current Seller Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or the related Interim Calculation Period, as applicable, and the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and will be a percentage equal to: 100% - Current Funding Share Percentage where minus the sum of the Current Funding Share Percentage is calculated on such Distribution Date in accordance with Clause 8.2(a) above.and the Current Funding 2 Share Percentage
Appears in 2 contracts
Samples: Granite Finance Trustees LTD, Granite Finance Trustees LTD
CURRENT SELLER SHARE PERCENTAGE. (a) On each Distribution Date, the "Current Seller Share PercentageCURRENT SELLER SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-then- current Trust Calculation Period or the related Interim Calculation Period, as applicable, and the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and will be a percentage an amount equal to: 100% - Current 100%-Current Funding Share Percentage where the Current Funding Share Percentage is calculated on such Distribution Date in accordance with Clause 8.2(a) above.
Appears in 2 contracts
Samples: Granite Mortgages 03-2 PLC, Granite Mortgages 02-2 PLC
CURRENT SELLER SHARE PERCENTAGE. (a) On each Distribution Date, the "Current Seller Share PercentageCURRENT SELLER SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-then- current Trust Calculation Period or the related Interim Calculation Period, as applicable, and the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and will be a percentage an amount equal to: 100% - Current Funding Share Percentage where the Current Funding Share Percentage is calculated on such Distribution Date in accordance with Clause 8.2(a) above.
Appears in 2 contracts
Samples: Granite Mortgages 03-3 PLC, Granite Mortgages 02-1 PLC
CURRENT SELLER SHARE PERCENTAGE. (a) On each Distribution Date, the "Current Seller Share PercentageCURRENT SELLER SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or the related Interim Calculation Period, as applicable, and the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and will be a percentage an amount equal to: 100% - Current Funding Share Percentage where the Current Funding Share Percentage is calculated on such Distribution Date in accordance with Clause 8.2(a) above.
Appears in 1 contract
Samples: Granite Mortgages 02-1 PLC
CURRENT SELLER SHARE PERCENTAGE. (a) On each Distribution Date, the "Current Seller Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or the related Interim Calculation Period, as applicable, and the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and will be a percentage an amount equal to: 100% - Current Funding Share Percentage where the Current Funding Share Percentage is calculated on such Distribution Date in accordance with Clause 8.2(a) above.
Appears in 1 contract
Samples: Granite Mortgages 03-1 PLC