Common use of FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE Clause in Contracts

FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE. At the Initial Closing Date, the Minimum Seller Share will be {pound-sterling}50,000,000. The amount of the Minimum Seller Share will be recalculated on each Distribution Date in accordance with the following formula: W + X + Y + Z where: W = 100% of the average cleared credit balance of all applicable accounts linked to Together Connections Mortgage Loans in respect of each month or any part of any such month.

Appears in 1 contract

Samples: Mortgages Trust Deed (Granite Mortgages 02-2 PLC)

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FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE. At the Initial Closing Date, the Minimum Seller Share will be {pound-sterling}50,000,000(pound)256,000,000. The amount of the Minimum Seller Share will be recalculated on each Distribution Date in accordance with the following formula: W + X + Y + Z where: W = 100% of the average cleared credit balance of all applicable accounts linked to Together Connections Mortgage Loans in respect of each month or any part of any such month.:

Appears in 1 contract

Samples: Mortgages Trust Deed (Holmes Financing No 6 PLC)

FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE. At the Initial Closing Date, the Minimum Seller Share will be {pound-sterling}50,000,000[GBP]50,000,000. The amount of the Minimum Seller Share will be recalculated on each Distribution Date in accordance with the following formula: W + X + Y + Z where: W = 100% of the average cleared credit balance of all applicable deposit accounts linked to Together Connections Mortgage Loans in respect of each month or any part of any such month.

Appears in 1 contract

Samples: Mortgages Trust Deed (Granite Mortgages 03-1 PLC)

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FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE. At the Initial Closing Date, the Minimum Seller Share will be {pound-sterling}50,000,000(pound)50,000,000. The amount of the Minimum MiNIMUM Seller Share will be recalculated on each Distribution Date in accordance with the following formula: W + X + Y + Z where: W = 100% of the average cleared credit balance of all applicable deposit accounts linked to Together Connections Mortgage Loans in respect of each month or any part of any such month.

Appears in 1 contract

Samples: Mortgages Trust Deed (Granite Mortgages 02-1 PLC)

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