POWERS OF INVESTMENT. Save as expressly provided for in this Deed, the Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement, the Mortgages Trustee shall have no further or other powers of investment with respect to the Trust Property and neither the Trustee Investments Act 1961 nor any other provision relating to trustee powers of investment implied by statute or general law shall apply to the Mortgages Trust and, for the avoidance of doubt, the statutory power to accumulate income conferred on trustees by Section 31 of the Trustee Act 1925 is expressly excluded.
Appears in 4 contracts
Samples: Mortgages Trust Deed (Holmes Financing No 8 PLC), Mortgages Trust Deed (HOLMES FINANCING (No. 9) PLC), Mortgages Trust Deed (Holmes Financing No 6 PLC)
POWERS OF INVESTMENT. Save as expressly provided for in this Deed, the Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement, the Mortgages Trustee shall have no further or other powers of investment with respect to the Trust Property and neither the Trustee Investments Act 1961 2000 nor any other provision relating to trustee powers of investment implied by statute or general law shall apply to the Mortgages Trust and, for the avoidance of doubt, the statutory power to accumulate income conferred on trustees by Section 31 of the Trustee Act 1925 is expressly excluded.
Appears in 3 contracts
Samples: Mortgage Trust Deed (Permanent Mortgages Trustee LTD), Mortgages Trust Deed (Permanent Financing (No. 5) PLC), Mortgages Trust Deed (Permanent Financing (No. 6) PLC)
POWERS OF INVESTMENT. Save as expressly provided for in this Deed, the Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement, the Mortgages Trustee shall have no further or other powers of investment with respect to the Trust Property and neither the Trustee Investments Act 1961 Xxx 0000 nor any other provision relating to trustee powers of investment implied by statute or general law shall apply to the Mortgages Trust and, for the avoidance of doubt, the statutory power to accumulate income conferred on trustees by Section 31 of the Trustee Act 1925 is expressly excluded.
Appears in 2 contracts
Samples: Mortgages Trust Deed (Permanent Mortgages Trustee LTD), Mortgages Trust Deed (Permanent Mortgages Trustee LTD)
POWERS OF INVESTMENT. Save as expressly provided for in this Deed, the Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement, the Mortgages Trustee shall have no further or other powers of investment with respect to the Trust Property and neither the Trustee Investments Act 1961 2000 nor any other provision relating to trustee powers of investment ox xxxxxxment implied by statute or general law shall apply to the Mortgages Trust and, for the avoidance of doubt, the statutory power to accumulate income conferred on trustees by Section 31 of the Trustee Act 1925 is expressly excluded.
Appears in 1 contract
Samples: Mortgages Trust Deed (Permanent Mortgages Trustee LTD)
POWERS OF INVESTMENT. Save as expressly provided for in this Deed, the Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement, the Mortgages Trustee shall have no further or other powers of investment with respect to the Trust Property and neither the Trustee Investments Act 1961 2000 nor any other provision relating to trustee powers of investment powerx xx xxxestment implied by statute or general law shall apply to the Mortgages Trust and, for the avoidance of doubt, the statutory power to accumulate income conferred on trustees by Section 31 of the Trustee Act 1925 is expressly excluded.
Appears in 1 contract
POWERS OF INVESTMENT. Save as expressly provided for in this Deed, the Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement, the Mortgages Trustee shall have no further or other powers of investment with respect to the Trust Property and neither the Trustee Investments Act 1961 2000 nor any other provision relating to trustee powers of investment powexx xx xxvestment implied by statute or general law shall apply to the Mortgages Trust and, for the avoidance of doubt, the statutory power to accumulate income conferred on trustees by Section 31 of the Trustee Act 1925 is expressly excluded.
Appears in 1 contract
Samples: Mortgages Trust Deed (Permanent Mortgages Trustee LTD)