Common use of No Activities Clause in Contracts

No Activities. Neither Funding or the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental xxxxxxxtal to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental ixxxxxxxxl to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental xxxidental to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;

No Activities. Neither Funding or the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and Deed, the establishment of a branch in the United KingdomKingdom by Funding; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 1984 and 1988 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Neither Funding were prepared and drawn up from nor the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee accounts and neither has paid any dividends nor made any distributions since their respective dates of incorporation;.

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental xxxxdental to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;; ------------------------------------------------------------------------------ ------------------------------------------------------------------------------

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;; ------------------------------------------------------------------------------ ------------------------------------------------------------------------------

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental xxxxxxxxal to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;; ------------------------------------------------------------------------------ ------------------------------------------------------------------------------

No Activities. Neither (I) Funding 2 has not engaged in any activities since its incorporation other than (i) those incidental to any registration or re-registration as a private limited company under the Companies Acts 1985 and 1989 and various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorization, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements; and (iv) the filing of a notification by it under the Data Protection Act 1998 (the "DPA") and the application for a standard license under the Consumer Credit Act 1974. Funding 2 hax xxx xxepared any accounts and has neither paid any dividends nor made any distributions since the date of its incorporation; and (II) The Mortgages Trustee has not engaged in any activities since its incorporation other than (i) those incidental to any registration as a private limited companies company under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisationauthorization, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United KingdomDeed; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") DPA and the application for a standard licence license under the Consumer Credit Act 1974; and (vi) any activities xxxxxxxies in connection with or incidental to the issue of Previous Notes notes by the Previous Funding Issuers and the issue of the Notes by the Current Master Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee accounts and has neither paid any dividends nor made any distributions since their respective dates the date of its incorporation;.

No Activities. Neither Funding or 1 nor the Mortgages Trustee Morxxxxxx Xrustee has engaged in any activities since its incorporation other than (i) those incidental to any registration or re-registration as private limited companies under the laws of England and Wales (with respect to Funding 1) and Jersey (with respect to the Mortgages Trustee) and (if any) various changes to its name, directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisationauthorization, execution and and, in certain cases, amendment, amendment of the Legal Agreements to which each it is a party; (iii) the activities referred to or contemplated in the Legal Agreements to which it is a party or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United KingdomDeed; (v) the filing of notification as a notification "data controller" by the Mortgages Trustee and Funding 1 under the Data Protection Act 1998 (the "DPA"), the registration of the Mortgages Trustee as a data user under the Data Protection (Jersey) Law 1987 and the application by the Mortgages Trustee and Funding 1 for a standard licence license under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental to the issue tx xxx xxsue of Previous Notes notes by the Previous Funding Issuers and the issue of the Notes by the Current Master Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee accounts and has neither paid any dividends nor made any distributions since their respective dates the date of its incorporation;.

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, . Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental ox xxxxxxntal to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;

No Activities. Neither Funding or nor the Mortgages Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as private limited companies under the laws of Jersey and (if any) various changes to its directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment of a branch in the United Kingdom; (v) the filing of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 (the "DPA") and the application for a standard licence under the Consumer Credit Act 1974Xxx 0000; and (vi) any activities in connection with or incidental to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not (other than as set out in the Prospectus) prepared any accounts. Neither Funding nor the Mortgages Trustee has paid any dividends nor made any distributions since their respective dates of incorporation;

No Activities. Neither Funding or nor the Mortgages Xxxxxxxes Trustee has engaged in any activities since its incorporation other than (i) those incidental to any registration as a private limited companies under the laws of Jersey Companies Acts 1985 and (if any) various 1989 and changes to its name, directors, secretary, registered office, Memorandum and Articles of Association; (ii) the authorisation, authorisation and execution and in certain cases, amendment, of the Legal Agreements to which each is a party; (iii) the activities referred to or contemplated in the Legal Agreements or in the Prospectus; (iv) the activities undertaken in connection with the establishment of the Mortgages Trust pursuant to the Mortgages Trust Deed and the establishment issue of a branch in notes by the United KingdomFirst Issuer, the Second Issuer, the Third Issuer, the Fourth Issuer, the Fifth Issuer and the Sixth Issuer; and (v) the filing registration of a notification by the Mortgages Trustee and Funding under the Data Protection Act 1998 1984 (the "DPA") and ). Neither Funding nor the application for a standard licence under the Consumer Credit Act 1974; and (vi) any activities in connection with or incidental to the issue of Previous Notes by the Previous Issuers and the issue of the Notes by the Current Issuer. The first statutory accounts of Funding were prepared and drawn up from the date of incorporation to 31 December, 2001. The Mortgages Trustee has not Truxxxx xxx (other than as set out in the ProspectusProspectus or in the prospectuses relating to the notes issued by the First Issuer, the Second Issuer, the Third Issuer, the Fourth Issuer or the Fifth Issuer and other than as required by any applicable law) prepared made up any accounts. Neither Funding nor the Mortgages Trustee accounts and neither has paid any dividends nor or made any distributions since their its respective dates date of incorporation;