DISTRIBUTION OF CURRENT ISSUER AVAILABLE. PRINCIPAL RECEIPTS FOLLOWING THE OCCURRENCE OF AN ASSET TRIGGER EVENT Following the occurrence of an Asset Trigger Event but prior to enforcement of the Funding Security under the Funding Deed of Charge and/or the Current Issuer Security under the Current Issuer Deed of Charge, the Current Issuer Cash Manager will apply Current Issuer Available Principal Receipts in the following order of priority:
Appears in 4 contracts
Samples: Management Agreement (Granite Mortgages 02-2 PLC), Management Agreement (Granite Mortgages 02-2 PLC), Issuer Cash Management Agreement (Granite Mortgages 03-1 PLC)
