NON-PETITION AND LIMITED RECOURSE. The Corporate Services Provider agrees that it will not initiate or join any person in initiating an Insolvency Event in relation to the Company. In relation to the Company, any amount payable under this Agreement by the Company to any other party to this Agreement, not being an amount payable out of the Trust Property in accordance with the terms of the Mortgages Trust Deed, shall only be payable to the extent that, on that date, the Company has sufficient funds to pay such amount out of the fees paid to it under the Mortgages Trust Deed.
Appears in 5 contracts
Samples: Corporate Services Provider Agreement (Granite Mortgages 02-2 PLC), Corporate Services Provider Agreement (Granite Finance Funding 2 LTD), Corporate Services Provider Agreement (Granite Mortgages 03-3 PLC)
