Common use of CURRENT SELLER SHARE Clause in Contracts

CURRENT SELLER SHARE. (a) On each Distribution Date, the "CURRENT SELLER SHARE" 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 will be an amount equal to: The aggregate amount of the Trust Property as at the Relevant Distribution Date - Current Funding Share

Appears in 6 contracts

Samples: Granite Mortgages 02-2 PLC, Granite Mortgages 02-1 PLC, Granite Mortgages 02-1 PLC

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