Common use of FLUCTUATION OF MINIMUM SELLER SHARE Clause in Contracts

FLUCTUATION OF MINIMUM SELLER SHARE. ON EACH DISTRIBUTION DATE On and from the Ninth Issuer Closing Date, the amount of the Minimum Seller Share will be recalculated on each Distribution Date in accordance with the following formula: W + X + Y + Z + AA where: W = 100% of the aggregate cleared balances of all savings accounts opened in respect of Flexible Plus Loans;

Appears in 3 contracts

Samples: Mortgages Trust Deed (HOLMES FINANCING (No. 9) PLC), Mortgages Trust Deed (HOLMES FINANCING (No. 9) PLC), Mortgages Trust Deed (Holmes Funding LTD)

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FLUCTUATION OF MINIMUM SELLER SHARE. ON EACH DISTRIBUTION DATE on each Distribution Date On and from the Ninth Eighth Issuer Closing Date, the amount of the Minimum Seller Share will be recalculated on each Distribution Date in accordance with the following formula: W + X + Y + Z + AA where: W = [100% of the aggregate cleared balances of all savings accounts opened in respect of Flexible Plus Loansflexible plus loans];

Appears in 1 contract

Samples: Mortgages Trust Deed (Holmes Financing No 8 PLC)

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