Existing Borrowers' Re-Fix Rate. Notwithstanding Clause 8.1 herein, whenever Clause 8.6 of the Mortgage Sale Agreement applies to a Fixed Rate Mortgage Loan, the Administrator may accept an application from a Borrower to set the Existing Borrowers' Re-Fix Rate, subject to the terms of Clause 4.4 herein.
Appears in 12 contracts
Samples: Administration Agreement (Granite Mortgages 04-2 PLC), Administration Agreement (Granite Mortgages 03-3 PLC), Administration Agreement (Granite Mortgages 04-3 PLC)
Existing Borrowers' Re-Fix Rate. Notwithstanding Clause 8.1 (Acceptance of Application) herein, whenever Clause 8.6 (Existing Borrowers' Re-Fix Rate) of the Mortgage Sale Agreement applies to a Fixed Rate Mortgage Loan, the Administrator Servicer may accept the exercise of an application from option by a Borrower to set the Existing Borrowers' Re-Fix Rate, subject to the terms of Clause 4.4 (Existing Borrowers' Re-Fix Rate) herein.
Appears in 3 contracts
Samples: Administration Agreement (Granite Finance Trustees LTD), Administration Agreement (Granite Finance Trustees LTD), Administration Agreement (Granite Finance Funding 2 LTD)
Existing Borrowers' Re-Fix Rate. Notwithstanding Clause 8.1 (Acceptance of Application) herein, whenever Clause 8.6 (Existing Borrowers' Re-Fix Rate) of the Mortgage Sale Agreement applies to a Fixed Rate Mortgage Loan, the Administrator may accept the exercise of an application from option by a Borrower to set the Existing Borrowers' Re-Fix Rate, subject to the terms of Clause 4.4 (Existing Borrowers' Re-Fix Rate) herein.
Appears in 1 contract
Samples: Administration Agreement (Granite Finance Trustees LTD)
