ELIGIBILITY AND DISQUALIFICATION. This Deed shall always have a Note Trustee which shall be eligible to act as Note Trustee under Trust Indenture Act Sections 310(a)(1) and 310(a)(2). The Note Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. If the Note Trustee has or shall acquire any "conflicting interest" within the meaning of Trust Indenture Act Section 310(b), the Note Trustee and the Current Issuer shall comply with the provisions of Trust Indenture Act Section 310(b); provided, however,
Appears in 5 contracts
Samples: Granite Mortgages 04-1 PLC, Granite Mortgages 03-3 PLC, Granite Mortgages 04-1 PLC
ELIGIBILITY AND DISQUALIFICATION. This Deed shall always have a Note Trustee which shall be eligible to act as Note Trustee under Trust Indenture Act Sections 310(a)(1) and 310(a)(2). The Note Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. If the Note Trustee has or shall acquire any "conflicting interest" within the meaning of Trust Indenture Act Section 310(b), the Note Trustee and the Current Issuer shall comply with the provisions of Trust Indenture Act Section 310(b); provided, however,the
Appears in 3 contracts
Samples: Granite Mortgages 04-3 PLC, Granite Finance Trustees LTD, Granite Mortgages 04-2 PLC
ELIGIBILITY AND DISQUALIFICATION. This Deed shall always have a Note Trustee which shall be eligible to act as Note Trustee under Trust Indenture Act Sections 310(a)(1) and 310(a)(2). The Note Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. If the Note Trustee has or shall acquire any "conflicting interestCONFLICTING INTEREST" within the meaning of Trust Indenture Act Section 310(b), the Note Trustee and the Current Issuer shall comply with the provisions of Trust Indenture Act Section 310(b); provided, however,
Appears in 2 contracts
Samples: Granite Mortgages 03-2 PLC, Granite Mortgages 03-2 PLC
ELIGIBILITY AND DISQUALIFICATION. This Trust Deed shall always have a Note Trustee which shall be eligible to act as Note Trustee under Trust Indenture Act Sections 310(a)(1) and 310(a)(2). The Note Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. If the Note Trustee has or shall acquire any "conflicting interestCONFLICTING INTEREST" within the meaning of Trust Indenture Act Section 310(b), the Note Trustee and the Current Issuer shall comply with the provisions of Trust Indenture Act Section 310(b); provided, however,within
Appears in 1 contract
Samples: Granite Mortgages 02-2 PLC
ELIGIBILITY AND DISQUALIFICATION. This Deed shall always have a Note Trustee which shall be eligible to act as Note Trustee under Trust Indenture Act Sections 310(a)(1) and 310(a)(2). The Note Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. If the Note Trustee has or shall acquire any "conflicting interest" within the meaning of Trust Indenture Act Section 310(b), the Note Trustee and the Current Issuer shall comply with the provisions of Trust Indenture Act Section 310(b); provided, however,"
Appears in 1 contract
Samples: HOLMES FINANCING (No. 9) PLC