Common use of Perfection of the Sale of Loans Clause in Contracts

Perfection of the Sale of Loans. to the Mortgages Trustee (a) within 20 London Business Days of the happening of any of the events referred to in clause 6.1 of the Mortgage Sale Agreement, the Servicer shall execute or procure the execution of the transfers and assignations referred to in clauses 6.3, 6.4 and 6.5 of the Mortgage Sale Agreement on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so; (b) upon the Seller being required to give notice of the transfer of the equitable and beneficial interest in the Loans to the Borrowers pursuant to clause 6.2 of the Mortgage Sale Agreement, the Servicer shall give or procure the giving of such notice on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so; and (c) upon the Seller being required to do so by the Mortgages Trustee pursuant to clause 6.8 of the Mortgage Sale Agreement, the Servicer shall do or procure the doing of all or any of the acts, matters or things (including, for the avoidance of doubt, those acts, matters or things referred to in clauses 6.3, 6.4 and 6.5 of the Mortgage Sale Agreement) on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so.

Perfection of the Sale of Loans. to the Mortgages Trustee (a) within 20 London Business Days of the happening of any of the events referred to in clause 6.1 (Completion of the Transfer of Loans) of the Mortgage Sale Agreement, the Servicer shall execute or procure the execution of the transfers and assignations referred to in clauses 6.3, 6.4 and 6.5 of the Mortgage Sale Agreement on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so; (b) upon the Seller being required to give notice of the transfer of the equitable and beneficial interest in the Loans to the Borrowers pursuant to clause 6.2 of the Mortgage Sale Agreement, the Servicer shall give or procure the giving of such notice on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so; and (c) upon the Seller being required to do so by the Mortgages Trustee pursuant to clause 6.8 6.6 of the Mortgage Sale Agreement, the Servicer shall do or procure the doing of all or any of the acts, matters or things (including, for the avoidance of doubt, those acts, matters or things referred to in clauses 6.3, 6.4 and 6.5 of the Mortgage Sale Agreement) on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so.

Perfection of the Sale of Loans. to the Mortgages Trustee (a) within 20 twenty London Business Days of the happening of any of the events referred to in clause 6.1 (Completion of the Transfer of Loans) of the Mortgage Sale Agreement, the Servicer shall execute or procure the execution of the transfers and assignations referred to in clauses 6.3, 6.4 and 6.5 of the Mortgage Sale Agreement on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so; (b) upon the Seller being required to give notice of the transfer of the equitable and beneficial interest in the Loans to the Borrowers pursuant to clause 6.2 of the Mortgage Sale Agreement, the Servicer shall give or procure the giving of such notice on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so; and (c) upon the Seller being required to do so by the Mortgages Trustee pursuant to clause 6.8 6.6 of the Mortgage Sale Agreement, the Servicer shall do or procure the doing of all or any of the acts, matters or things (including, for the avoidance of doubt, those acts, matters or things referred to in clauses 6.3, 6.4 and 6.5 of the Mortgage Sale Agreement) on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee to do so.