Common use of POWERS OF INVESTMENT Clause in Contracts

POWERS OF INVESTMENT. The Mortgages Trustee may invest, and may appoint the Cash Manager to invest on its behalf, any amounts standing to the credit of the Mortgages Trustee Transaction Account in Authorised Investments. Save as expressly provided 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 (to the extent permitted by applicable law) the Trustee Xxx 0000 shall not nor shall any other provision relating to trustee powers of investment implied by statute or general law shall apply to the Mortgages Trust.

Appears in 3 contracts

Samples: Mortgages Trust Deed (Granite Mortgages 02-1 PLC), Mortgages Trust Deed (Granite Mortgages 04-1 PLC), Mortgages Trust Deed (Granite Mortgages 02-2 PLC)

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POWERS OF INVESTMENT. The Mortgages Trustee may invest, and may appoint the Cash Manager to invest on its behalf, any amounts standing to the credit of the Mortgages Trustee Transaction Account in Authorised Investments. Save as expressly provided 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 (to the extent permitted by applicable law) the Trustee Xxx 0000 Act 2000 shall not nor shall any other provision relating to trustee xxxxxxx powers of investment implied by statute or general law shall apply to the Mortgages Trust.

Appears in 2 contracts

Samples: Mortgages Trust Deed (Granite Mortgages 02-1 PLC), Mortgages Trust Deed (Granite Mortgages 03-3 PLC)

POWERS OF INVESTMENT. The Mortgages Trustee may invest, and may appoint the Cash Manager to invest on its behalf, any amounts standing to the credit of the Mortgages Trustee Transaction Account in Authorised Investments. Save as expressly provided 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 (to the extent permitted by applicable law) the Trustee Xxx 0000 Act 2000 shall not nor shall any other provision relating to trustee powers of investment implied by statute or general law shall apply to the Mortgages Trust.

Appears in 2 contracts

Samples: Mortgages Trust Deed (Granite Mortgages 03-2 PLC), Mortgages Trust Deed (Granite Mortgages 03-3 PLC)

POWERS OF INVESTMENT. The Mortgages Trustee may invest, and may appoint the Cash Manager to invest on its behalf, any amounts standing to the credit of the Mortgages Trustee Transaction Account in Authorised Investments. Save as expressly provided 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 (to the extent permitted by applicable law) the Trustee Xxx 0000 Act 2000 shall not nor shall any other provision relating to trustee xx xxustee powers of investment implied by statute or general law shall apply to the Mortgages Trust.

Appears in 2 contracts

Samples: Mortgages Trust Deed (Granite Mortgages 03-1 PLC), Mortgages Trust Deed (Granite Mortgages 04-2 PLC)

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POWERS OF INVESTMENT. The Mortgages Trustee may invest, and may appoint the Cash Manager to invest on its behalf, any amounts standing to the credit of the Mortgages Trustee Transaction Account in Authorised Investments. Save as expressly provided 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 (to the extent permitted by applicable law) the Trustee Xxx 0000 Act 2000 shall not nor shall any other provision relating pxxxxxxxx xxxxxing to trustee powers of investment implied by statute or general law shall apply to the Mortgages Trust.

Appears in 1 contract

Samples: Mortgages Trust Deed (Granite Mortgages 03-1 PLC)

POWERS OF INVESTMENT. The Mortgages Trustee may invest, and may appoint the Cash Manager to invest on its behalf, any amounts standing to the credit of the Mortgages Trustee Transaction Account in Authorised Investments. Save as expressly provided 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 (to the extent permitted by applicable law) the Trustee Xxx 0000 Act 2000 shall not nor shall any xxxxx xny other provision relating to trustee powers of investment implied by statute or general law shall apply to the Mortgages Trust.

Appears in 1 contract

Samples: Mortgages Trust Deed (Granite Mortgages 02-2 PLC)

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