PRODUCT SWITCHES AND FURTHER ADVANCES. (a) Neither the Mortgages Trustee nor Funding shall (and each shall procure that its agents do not):
PRODUCT SWITCHES AND FURTHER ADVANCES. 8.1 The Seller hereby agrees with each of the parties hereto that (i) the Servicer shall be entitled to accept, in its sole discretion, any application for a Product Switch or Additional Loan Advance, and the Seller upon a direction from the Servicer shall (if the Seller is other than the Servicer) make any Further Advance, in respect of any Loan in the Covered Bond Portfolio sold by the Seller to the Guarantor LP; and (ii) if required by the Guarantor LP in writing, the Seller shall repurchase the relevant Loan and its Related Security from the Guarantor LP for its Fair Market Value as of the Calculation Date following the date on which the relevant Product Switch or Further Advance occurred, if the relevant Product Switch or Further Advance, as the case may be, results in paragraphs (c) to (e) of the Eligibility Criteria not being satisfied in respect of any such Loan on the next Calculation Date.
PRODUCT SWITCHES AND FURTHER ADVANCES. (a) The Administrator shall not:
PRODUCT SWITCHES AND FURTHER ADVANCES. 6.1 The Administrator shall not accept an application, or make an offer, for a Further Advance or a Product Switch without first having received confirmation that the Seller will repurchase the relevant Mortgage Loan(s) together with the Related Security from the Mortgages Trustee in accordance with the terms of the Mortgage Sale Agreement.
PRODUCT SWITCHES AND FURTHER ADVANCES. 8.1 The Seller hereby agrees with each of the parties hereto that (i) the Servicer shall be entitled to accept, in its sole discretion, any application for a Product Switch or Further Advance, and the Seller upon a direction from the Servicer shall (if the Seller is other than the Servicer) make any Further Advance, in respect of any Loan in the Covered Bond Portfolio sold by the Seller to the Guarantor;
PRODUCT SWITCHES AND FURTHER ADVANCES. 8.1 The Servicer shall not accept an application for or, as the case may be, offer a Further Advance or a Product Switch (but excluding an Excluded Further Advance and/or an Excluded Product Switch) without first having received confirmation in writing from the Seller (save where the Seller is the Servicer) that the Seller would, if so offered by the Mortgages Trustee, re-purchase the relevant Loan and its Related Security from the Mortgages Trustee if the conditions for Loans that are the subject of a Product Switch or a Further Advance set out in Clause 4.5 of the Mortgage Sale Agreement are not complied with as of the next Trust Calculation Date immediately following the Product Switch or, as the case may be, Further Advance.
PRODUCT SWITCHES AND FURTHER ADVANCES. 8.1 The Seller hereby agrees with each of the parties hereto that (i) the Servicer shall be entitled to accept, in its sole discretion, any application for a Product Switch or Additional Loan Advance, and the Seller upon a direction from the Servicer shall (if the Seller is other than the Servicer) make any Further Advance, in respect of any Loan in the Covered Bond Portfolio sold by the Seller to the Guarantor; (ii) in respect of a Loan and its Related Security to which a Further Advance or Product Switch has been made, the representations and warranties made by the Seller in paragraphs (d), (g), (h), (p) through (w) and (aa) through (ll) of Section 4.1 of the Mortgage Sale Agreement shall be true and correct in respect of any such Loan on the next Calculation Date, and if required by the Guarantor in writing, the Seller shall repurchase the relevant Loan and its Related Security from the Guarantor for its Fair Market Value as of the Calculation Date following the date on which the relevant Product Switch or Further Advance occurred, if (x) any such representation and warranty shall not be true and correct, or (y) the relevant Product Switch or Further Advance, as the case may be, results in paragraphs (c), (d),
