Common use of Proceeds in Trust Clause in Contracts

Proceeds in Trust. Pending compliance with Clauses 1, 2 and 3 above, to hold the loan proceeds in trust for the Lender.

Appears in 5 contracts

Samples: Residential Mortgage Lending Solicitor’s Undertaking, Residential Mortgage Lending Solicitor’s Undertaking, Residential Mortgage Lending Solicitor’s Undertaking

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