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 (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 sum of the average cleared credit balance of all applicable accounts linked to Together Connections Mortgage Loans and Connections Mortgage Loans in respect of each calendar month or any part of any such calendar month;

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE. At the Initial Closing Date, the Minimum Seller Share will be (GBP)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 sum of the average cleared credit balance of all applicable deposit accounts linked to Together Connections Mortgage Loans and Connections Mortgage Loans in respect of each calendar month or any part of any such calendar month;.

Appears in 1 contract

Samples: Granite Mortgages 03-1 PLC

FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE. At the Initial Closing Date, the Minimum Seller Share will be (GBP)50,000,000pound)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 sum of the average cleared credit balance of all applicable deposit accounts linked to Together Connections Mortgage Loans and Connections Mortgage Loans in respect of each calendar month or any part of any such calendar month;.

Appears in 1 contract

Samples: Granite Mortgages 02-1 PLC

FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE. At the Initial Closing Date, the Minimum Seller Share will be (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 W+X+Y+Z where: W = 100% of the sum of the average cleared credit balance of all applicable accounts linked to Together Connections Mortgage Loans and Connections Mortgage Loans in respect of each calendar month or any part of any such calendar month;

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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FLUCTUATION OF MINIMUM SELLER SHARE ON EACH DISTRIBUTION DATE. At the Initial Closing Date, the Minimum Seller Share will be (GBP)50,000,000{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 sum of the average cleared credit balance of all applicable accounts linked to Together Connections Mortgage Loans and Connections Mortgage Loans in respect of each calendar month or any part of any such calendar month;.

Appears in 1 contract

Samples: Granite Mortgages 02-2 PLC

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