No Further Assignment. The Seller and the Mortgages Trustee agree that the Seller may not assign any New Mortgage Portfolio after the Step-up Date in respect of the Notes of any Issuer if the option to redeem any such Notes on the related Step-up Date pursuant to Condition 5(D) of those Notes is not exercised.
Appears in 4 contracts
Samples: Mortgage Sale Agreement (Granite Mortgages 02-1 PLC), Mortgage Sale Agreement (Granite Mortgages 03-1 PLC), Mortgage Sale Agreement (Granite Mortgages 03-3 PLC)
No Further Assignment. The Seller and the Mortgages Trustee agree that the Seller may not sell and assign any New Mortgage Portfolio after the Step-up Date in respect of the Notes of any Issuer if the option to redeem any such Notes on the related Step-up Date pursuant to Condition 5(D) of those Notes is not exercised.
Appears in 4 contracts
Samples: Mortgage Sale Agreement (Granite Mortgages 03-1 PLC), Mortgage Sale Agreement (Granite Mortgages 04-1 PLC), Mortgage Sale Agreement (Granite Finance Funding LTD)
No Further Assignment. The Seller and the Mortgages Trustee agree that the Seller may not assign any New Mortgage Portfolio after the Step-up Payment Date falling in respect of the Notes of any Issuer January 2008 if the option to redeem any such the First Issuer Notes on the related Step-up Payment Date in January 2008 pursuant to Condition 5(D) of those Notes is not exercised.
Appears in 2 contracts
Samples: Mortgage Sale Agreement (Granite Mortgages 03-1 PLC), Mortgage Sale Agreement (Granite Mortgages 02-2 PLC)
