LIQUIDITY RESERVE LEDGER. (a) Amounts shall be credited to the Liquidity Reserve Ledger in accordance with the Funding 1 Priority of Payments above. (b) Amounts shall be debited to the Liquidity Reserve Ledger to the extent permitted on each relevant Funding 1 Interest Payment Date in order to be applied in accordance with the priority of payments set out in Schedule 3 to the Funding 1 Deed of Charge.
Appears in 4 contracts
Samples: Cash Management Agreement (Permanent Mortgages Trustee LTD), Cash Management Agreement (Permanent Mortgages Trustee LTD), Cash Management Agreement (Permanent Mortgages Trustee LTD)
