Common use of Deferral of Floating Amounts Clause in Contracts

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Interest Payment Date shall be deferred. The amount so deferred on the Party A Floating Amount shall be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall be deferred. The amount so deferred on the Party A Floating Amount shall be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts.

Appears in 3 contracts

Samples: Master Agreement (Holmes Financing No 6 PLC), Master Agreement (Holmes Financing No 6 PLC), Master Agreement (Holmes Financing No 6 PLC)

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Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Issuer Relevant Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Relevant Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on of the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Issuer Relevant Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Relevant Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 3 contracts

Samples: Isda Master Agreement (Permanent Master Issuer PLC), Isda Master Agreement (Permanent Master Issuer PLC), Novation Agreement (Permanent Master Issuer PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B C Sixth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B C Sixth Issuer Notes then a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Interest Payment Date shall be deferred. The amount so deferred on the Party A Floating Amount shall be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B C Sixth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B C Sixth Issuer Notes then all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall be deferred. The amount so deferred on the Party A Floating Amount shall be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts.

Appears in 3 contracts

Samples: Master Agreement (Holmes Financing No 6 PLC), Master Agreement (Holmes Financing No 6 PLC), Master Agreement (Holmes Financing No 6 PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth C Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth C Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount Amounts and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall Amounts otherwise payable will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B C Sixth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B C Sixth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B C Sixth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B C Sixth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Schedule to the Master Agreement (Permanent Financing (No. 6) PLC), Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth C Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth C Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Schedule to the Master Agreement (Permanent Financing (No. 8) PLC), Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Issuer Relevant Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Relevant Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Issuer Relevant Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Relevant Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Isda Master Agreement (Permanent Funding (No. 2) LTD), Isda Master Agreement (Permanent Funding (No. 2) LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B C Sixth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B C Sixth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B C Sixth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B C Sixth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Schedule to the Master Agreement (Permanent Financing (No. 6) PLC), Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth C Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth C Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth C Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth C Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount Amounts and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall Amounts otherwise payable will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount Amounts and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall Amounts otherwise payable will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount Amounts and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall Amounts otherwise payable will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Schedule to the Master Agreement (Permanent Financing (No. 6) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 2 contracts

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD), Schedule to the Master Agreement (Permanent Financing (No. 6) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Fourth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Fourth Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Fourth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Fourth Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth M Fourth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth M Fourth Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth M Fourth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth M Fourth Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth C Third Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth C Third Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth C Second Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth C Third Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth M Fourth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth M Fourth Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth M Fourth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth M Fourth Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Issuer Relevant Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Relevant Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Issuer Relevant Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Relevant Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amountsamounts.]6 [3.] Account Details: Payments to Party A in Euro: Bank: * Account Number: * SWIFT: * ABA No.: * Favour: * Payments to Party A in Sterling: Bank: * SWIFT: * Account Number: * Favour: *

Appears in 1 contract

Samples: Isda Master Agreement (Permanent Funding (No. 2) LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth C Fourth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Fourth Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth C Fourth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Fourth Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth CLASS C Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth CLASS C Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth CLASS C Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth CLASS C Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Financing (No. 8) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth C Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth C Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Financing (No. 8) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth C Fourth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Fourth Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth C Fourth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Fourth Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Financing (No. 8) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth C Third Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Third Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth C Second Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Third Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth Fourth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth Fourth Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth Fourth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth Fourth Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth Eighth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth Eighth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth Eighth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth Eighth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth Eighth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth Eighth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth Eighth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth Eighth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth C Fifth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth C Fifth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth C Fifth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth C Fifth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Financing (No. 5) PLC)

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Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth C Eighth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth C Eighth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth C Eighth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth C Eighth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth Fifth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth Fifth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth Fifth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth Fifth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Financing (No. 5) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth C Third Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Third Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth C Second Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Third Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Eighth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Eighth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Eighth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Eighth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth C Fifth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Fifth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth C Fifth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth C Fifth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Financing (No. 5) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth C Fifth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Fifth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth C Fifth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Fifth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Financing (No. 5) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Issuer Relevant Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Relevant Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Issuer Relevant Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Issuer Notes then Relevant Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Isda Master Agreement (Permanent Funding (No. 2) LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth Third Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth Third Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth Third Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth Third Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth M Fourth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth M Fourth Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth M Fourth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth M Fourth Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Financing (No. 8) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth Third Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth Third Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth Third Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth Third Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth C Eighth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Eighth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth C Eighth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth C Eighth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 2 Class B Sixth Fifth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 2 Class B Sixth Fifth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 2 Class B Sixth Fifth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 2 Class B Sixth Fifth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Financing (No. 5) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth Fourth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth Fourth Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth Fourth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth Fourth Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Deferral of Floating Amounts. If any payment of interest under the Series 1 3 Class B Sixth Seventh Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 3 Class B Sixth Seventh Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 3 Class B Sixth Seventh Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 3 Class B Sixth Seventh Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Financing (No. 8) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Fifth Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Fifth Issuer Notes then Notes, a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon accrued as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Fifth Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Fifth Issuer Notes then Notes, all or a corresponding part as determined by the Calculation Agent of the Party A Floating Amount and a pro rata part as determined by the Calculation Agent of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating RateRate (excluding the Spread)) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating RateRate (excluding the Spread)) and the Party B Floating Amount due on such date shall will be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Financing (No. 5) PLC)

Deferral of Floating Amounts. If any payment of interest under the Series 1 Class B Sixth Third Issuer Notes is deferred in accordance with the terms and conditions of the Series 1 Class B Sixth Third Issuer Notes then Notes, a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Quarterly Interest Payment Date shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall will be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall will be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Series 1 Class B Sixth Third Issuer Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Series 1 Class B Sixth Third Issuer Notes then Notes, all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall will be deferred. The amount so deferred on the Party A Floating Amount shall will be payable on the next Party A Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date shall will be deemed to include such amounts. The amount so deferred on the Party B Floating Amount shall be payable on the next Party B Floating Amount Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts.

Appears in 1 contract

Samples: Master Agreement (Permanent Mortgages Trustee LTD)

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