Distribution of Current Issuer. Available Principal Receipts Following the Occurrence of a Non-Asset Trigger Event and prior to the occurrence of an Asset Trigger Event Following the occurrence of a Non-Asset Trigger Event and prior to 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 5 contracts
Samples: Management Agreement (Granite Mortgages 04-1 PLC), Management Agreement (Granite Mortgages 03-3 PLC), Management Agreement (Granite Mortgages 04-3 PLC)
