Common use of Notification of Determinations Clause in Contracts

Notification of Determinations. (a) The Current Issuer Cash Manager will cause each determination of Current Issuer Available Principal Receipts and Current Issuer Available Revenue Receipts (in accordance with paragraph 1(a)(i) and (ii)) and any Current Issuer Income Deficit (in accordance with paragraph 1(a)(iii)) to be notified forthwith, following the calculation thereof, to the Current Issuer. (b) The Current Issuer Cash Manager shall procure that the determinations and notifications required to be made pursuant to Condition 5(C) of the Conditions are made.

Appears in 15 contracts

Sources: Issuer Cash Management Agreement (Granite Mortgages 04-1 PLC), Issuer Cash Management Agreement (Granite Mortgages 02-2 PLC), Issuer Cash Management Agreement (Granite Mortgages 04-2 PLC)

Notification of Determinations. (a) The Current Issuer Cash Manager will cause each determination of Current Issuer Available Principal Receipts and Current Issuer Available Revenue Receipts (in accordance with paragraph 1(a)(i) and (ii)) and any Current Issuer Income Deficit (in accordance with paragraph 1(a)(iii)) Funds to be notified forthwith, following the calculation thereof, forthwith to the Current Issuer. (b) The Current Issuer Cash Manager shall procure that the determinations and notifications required to be made pursuant to Condition 5(C5.3 are made. (c) The Issuer Cash Manager will promptly notify the Issuer and the Calculation Agent (as defined in each of the Issuer Swap Agreements) of the Conditions are maderelevant Note Principal Payment determined in accordance with paragraph 1(a)(iii) above.

Appears in 3 contracts

Sources: Issuer Cash Management Agreement, Issuer Cash Management Agreement, Issuer Cash Management Agreement

Notification of Determinations. (a) The Current Issuer Cash Manager will cause each determination of Current Issuer Available Principal Receipts and Current Issuer Available Revenue Receipts (in accordance with paragraph 1(a)(i) and (ii)) and any Current Issuer Income Deficit (in accordance with paragraph 1(a)(iii)) Funds to be notified forthwith, following the calculation thereof, forthwith to the Current Issuer. (b) The Current Issuer Cash Manager shall procure that the determinations and notifications required to be made pursuant to Condition 5(C) of the Conditions 5.3 are made. (c) The Issuer Cash Manager will promptly notify the Issuer of the relevant Note Principal Payment determined in accordance with paragraph 1(a)(iii) above.

Appears in 2 contracts

Sources: Issuer Cash Management Agreement, Issuer Cash Management Agreement

Notification of Determinations. (a) The Current Issuer Cash Manager will cause each determination of Current Issuer Available Principal Receipts and Current Issuer Available Revenue Receipts (in accordance with paragraph 1(a)(i) and (ii)) and any Current Issuer Income Deficit (in accordance with paragraph 1(a)(iii)) to be notified forthwith, following the calculation thereof, to the Current Master Issuer. (b) The Current Issuer Cash Manager shall procure that the determinations and notifications required to be made pursuant to Condition [5(C) )] of the Conditions are made.

Appears in 1 contract

Sources: Issuer Cash Management Agreement (Granite Finance Trustees LTD)

Notification of Determinations. (a) The Current Issuer Cash Manager will cause each determination of Current Issuer Available Principal Receipts and Current Issuer Available Revenue Receipts (in accordance with paragraph 1(a)(i) and (ii)) and any Current Issuer Income Deficit (in accordance with paragraph 1(a)(iii)) to be notified forthwith, following the calculation thereof, to the Current Master Issuer. (b) The Current Issuer Cash Manager shall procure that the determinations and notifications required to be made pursuant to Condition 5(C) of the Conditions are made.

Appears in 1 contract

Sources: Issuer Cash Management Agreement (Granite Finance Funding 2 LTD)