Common use of Disposal of Funding 1 Charged Properties Clause in Contracts

Disposal of Funding 1 Charged Properties. Notwithstanding the foregoing provisions of this Clause 9, if the Funding 1 Security has become enforceable otherwise than by reason of a default in payment of any amount due in respect of any AAA Loan Tranche, the Funding 1 Security Trustee will not be entitled to dispose of all or part of the Funding 1 Charged Property unless either:

Appears in 4 contracts

Samples: www.santander.co.uk, www.santander.co.uk, www.santander.co.uk

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