No Prejudice. Termination of this Agreement or the appointment of the Administrator under this Agreement shall be without prejudice to the liabilities of the Mortgages Trustee as trustee for the Beneficiaries to the Administrator or vice versa incurred before the date of such termination. The Administrator shall have no right of set-off or any lien in respect of such amounts against amounts held by it on behalf of the Mortgages Trustee.
Appears in 14 contracts
Samples: Administration Agreement (Granite Mortgages 04-3 PLC), Administration Agreement (Granite Mortgages 03-3 PLC), Administration Agreement (Granite Mortgages 03-1 PLC)
