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Common use of Fee payable Clause in Contracts

Fee payable. (a) Subject to paragraph (b) below, Funding and the Mortgages Trustee, proportionately in accordance with and subject to the applicable Funding Priority of Payments set out in the Funding Deed of Charge and the applicable Priority of Payments for the Mortgages Trustee under the Mortgages Trust Deed, as the case may be, shall pay to the Cash Manager for its Cash Management Services hereunder an annual cash management fee of (GBP)100,000 for its services which will be paid quarterly. (b) Unless and until otherwise agreed by Funding, the Mortgages Trustee and the Security Trustee in writing (notified to the Cash Manager), Funding and the Mortgages Trustee shall be jointly and severally responsible for paying the cash management fee to the Cash Manager which is referred to in paragraph (a) above.

Appears in 5 contracts

Samples: Cash Management Agreement (Granite Mortgages 03-2 PLC), Cash Management Agreement (Granite Mortgages 02-1 PLC), Cash Management Agreement (Granite Mortgages 03-3 PLC)

Fee payable. (a) Subject to paragraph (b) below, Funding and the Mortgages TrusteeTrustee and each Funding Beneficiary, proportionately in accordance with and subject to the applicable Funding Priority of Payments, the applicable Funding 2 Priority of Payments set out in the Funding Deed of Charge and the applicable Mortgages Trustee Priority of Payments for the Mortgages Trustee under the Mortgages Trust DeedPayments, as the case may be, shall pay to the Cash Manager for its Cash Management Services hereunder an annual cash management fee of (GBP)100,000 GBP)200,000 for its services which will be paid quarterly. (b) Unless and until otherwise agreed by Fundingthe Mortgages Trustee, the Mortgages Trustee Funding Beneficiaries and the Funding Security Trustee Trustees in writing (notified to the Cash Manager), Funding and the Mortgages Trustee and each Funding Beneficiary shall be jointly and severally responsible for paying the cash management fee to the Cash Manager which is referred to in paragraph (a) above.

Appears in 3 contracts

Samples: Cash Management Agreement (Granite Finance Funding 2 LTD), Cash Management Agreement (Granite Finance Trustees LTD), Cash Management Agreement (Granite Finance Funding 2 LTD)

Fee payable. (a) Subject to paragraph (b) below, Funding and the Mortgages TrusteeTrustee and each Funding Beneficiary, proportionately in accordance with and subject to the applicable Funding Priority of Payments, the applicable Funding 2 Priority of Payments set out in the Funding Deed of Charge and the applicable Mortgages Trustee Priority of Payments for the Mortgages Trustee under the Mortgages Trust DeedPayments, as the case may be, shall pay to the Cash Manager for its Cash Management Services hereunder an annual cash management fee of (GBP)100,000 GBP)[100,000] for its services which will be paid quarterly. (b) Unless and until otherwise agreed by Fundingthe Mortgages Trustee, the Mortgages Trustee Funding Beneficiaries and the Funding Security Trustee Trustees in writing (notified to the Cash Manager), Funding and the Mortgages Trustee and each Funding Beneficiary shall be jointly and severally responsible for paying the cash management fee to the Cash Manager which is referred to in paragraph (a) above.

Appears in 1 contract

Samples: Cash Management Agreement (Granite Finance Trustees LTD)