Ledgers. The Mortgages Trustee shall maintain, or shall procure that there are maintained, the following Mortgages Trustee Ledgers: (a) the Principal Ledger, which shall record all receipts of Principal Receipts and distribution of the same to Funding 1 and the Seller; (b) the Revenue Ledger, which shall record all receipts of Revenue Receipts and distribution of the same to Funding 1 and the Seller; (c) the Losses Ledger, which shall record Losses in relation to the Loans; and (d) the Funding 1 Share/Seller Share Ledger which shall record the Current Funding 1 Share, the Current Seller Share of the Trust Property, the Current Funding 1 Share Percentage and the Current Seller Share Percentage.
Appears in 7 contracts
Samples: Mortgage Trust Deed (Permanent Mortgages Trustee LTD), Mortgages Trust Deed (Permanent Mortgages Trustee LTD), Mortgages Trust Deed (Permanent Mortgages Trustee LTD)
Ledgers. The Mortgages Trustee shall maintain, or shall procure that there are maintained, the following Mortgages Trustee Ledgers:
(a) the Principal Ledger, which shall record all receipts of Principal Receipts and Retained Principal Receipts and distribution of the same to Funding 1 and the Seller;
(b) the Revenue Ledger, which shall record all receipts of Revenue Receipts and distribution of the same to Funding 1 and the Seller;
(c) the Losses Ledger, which shall record Losses in relation to the Loans; and
(d) the Funding 1 Share/Seller Share Ledger which shall record the Current Funding 1 Share, the Current Seller Share of the Trust Property, the Current Funding 1 Share Percentage and the Current Seller Share Percentage.
Appears in 4 contracts
Samples: Mortgages Trust Deed (HOLMES FINANCING (No. 9) PLC), Mortgages Trust Deed (Holmes Financing No 8 PLC), Mortgages Trust Deed (Holmes Funding LTD)
Ledgers. The Mortgages Trustee shall maintain, or shall procure that there are maintained, the following Mortgages Trustee Ledgers:
(a) the Principal Ledger, which shall record all receipts of Principal Receipts and distribution of the same to Funding 1 and the Seller;
(b) the Revenue Ledger, which shall record all receipts of Revenue Receipts and distribution of the same to Funding 1 and the Seller;
(c) the Losses Ledger, which shall record Losses in relation to the Loans; and
(d) the Funding 1 Share/Seller Share Ledger which shall record the Current Funding 1 Share, the Current Seller Share of the Trust Property, the Current Funding 1 Share Percentage and the Current Seller Share Percentage.
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