Common use of NEW INTERCOMPANY LOANS Clause in Contracts

NEW INTERCOMPANY LOANS. If Funding enters into a New Intercompany Loan Agreement, then the Seller, the Mortgages Trustee, Funding and the Security Trustee shall execute such documents and take such action as may be required by the Rating Agencies for the purpose of including the New Issuer in the Transaction including, without limitation: (a) effecting any necessary changes to Clause 4 (Sale and Purchase of New Mortgage Portfolios); (b) ensuring that any Transaction Document relevant to a New Issuer has been executed and delivered prior to the relevant Closing Date; (c) executing and delivering all documents required by Clause 4.4 (Closing and Conditions Precedent) in relation to any New Mortgage Portfolio.