Priority of Payments for Current Issuer Available Principal Receipts. 4.1 Distribution of Current Issuer Available Principal Receipts Prior to Enforcement of the Current Issuer Security Prior to enforcement of the Current Issuer Security pursuant to the Current Issuer Deed of Charge and/or the occurrence of a Trigger Event, or until such time as there are no Current Issuer Notes outstanding, Current Issuer Available Principal Receipts will be applied in the following order of priority (the "Current Issuer Pre-Enforcement Principal Priority of Payments"):
Appears in 7 contracts
Samples: Management Agreement (Granite Mortgages 04-3 PLC), Issuer Cash Management Agreement (Granite Mortgages 03-2 PLC), Management Agreement (Granite Mortgages 04-1 PLC)
