Revenue Ledger. The Cash Manager shall ensure that:
(a) the following amounts shall be credited to the Revenue Ledger:
(i) all Revenue Receipts; and
(ii) all interest received by the Mortgages Trustee on the Mortgages Trustee Transaction Account and the Mortgages Trustee GIC Account; and
(b) any payment or provision made under paragraph 3 herein shall be debited to the Revenue Ledger.
Revenue Ledger. The Cash Manager shall ensure that:
(a) the following amounts shall be credited to the Revenue Ledger:
(i) all Revenue Receipts;
(ii) all interest received by the Guarantor on the Guarantor Accounts;
(iii) all amounts received by the Guarantor representing income on any such Substitute Assets;
(iv) all amounts received by the Guarantor under any Interest Rate Swap Agreement on a Guarantor Payment Date (but excluding any early termination payments under the Swap Agreements and Swap Collateral Excluded Amounts); and
(v) any other revenue income of the Guarantor which is not referred to in paragraphs (i) to (iv) above and which is not referred to in the receipts to be credited to the Principal Ledger in paragraph 7 below; and
(b) any payment or provision made under the Pre-Acceleration Revenue Priority of Payments or made under paragraph 5 above (but only to the extent that such payment made under paragraph 5 has been recorded as a receipt on the Revenue Ledger), shall be debited to the Revenue Ledger.
Revenue Ledger. The Cash Manager shall ensure that:
Revenue Ledger. The Cash Manager shall ensure that:
(a) the following amounts shall be credited to the Funding 1 Revenue Ledger:
(i) all Funding 1 Revenue Receipts;
(ii) all interest received by Funding 1 in respect of the Funding 1 Bank Accounts;
(iii) all amounts received by Funding 1 representing income on any Funding 1 Authorised Investments;
(iv) all amounts (other than any early termination payment which is to be used to acquire, if necessary, a new swap) received by Funding 1 under the Funding 1 Swap Agreement; and
(v) any amount debited to the Funding 1 Principal Ledger under paragraph 16(b)(ii) below; and
(b) any payment or provision made under paragraph 5 above shall be debited to the Funding 1 Revenue Ledger.
Revenue Ledger. The Cash Manager shall ensure that:
(a) the following amounts shall be credited to the Funding 2 Revenue Ledger:
(i) all Funding 2 Revenue Receipts;
(ii) all interest received by Funding 2 in respect of the Funding Bank Accounts;
(iii) all amounts received by Funding 2 representing income on any of Funding 2's Authorised Investments;
(iv) any amount debited to the Funding 2 Principal Ledger under paragraph 24(b)(ii) herein and any amount debited to the Funding 2 Cash Accumulation Ledger under paragraph 25(b)(ii) herein; and
(b) any payment or provision made under paragraph 7 (Priority of Payments for Funding 2 Available Revenue Receipts) above shall be debited to the Funding 2 Revenue Ledger.
Revenue Ledger. The Cash Manager shall ensure that:
(a) the following amounts shall be credited to the Funding 1 Revenue Ledger:
(i) all Funding 1 Revenue Receipts;
(ii) all interest received by Funding 1 in respect of the Funding 1 Bank Accounts;
(iii) all amounts received by Funding 1 representing income on any Funding 1 Authorised Investments;
(iv) all amounts (other than any early termination payment which is to be used to acquire, if necessary, a new swap) received by Funding 1 under the Funding 1 Swap Agreements; and
(v) any amount debited to the Funding 1 Principal Ledger under paragraph 17(b)(ii) below; and
(b) any payment or provision made under paragraph 5 above shall be debited to the Funding 1 Revenue Ledger.
(c) any amounts of interest accrued in respect of Non Bullet Funding 1 Principal Amounts standing to the credit of the Santander A-2/P-2/F2 Account which cannot be withdrawn from the Santander A-2/P-2/F2 Account (including, without limitation, in the event of a moratorium on insolvency, bank insolvency, administration or bank administration of Santander UK or Santander UK being unable to pay these amounts) shall be debited to the Funding 1 Revenue Ledger.
Revenue Ledger. The Cash Manager shall ensure that:
(a) the following amounts shall be credited to the Revenue Ledger:
(i) all Revenue Receipts;
(ii) all interest received by the LLP on the LLP Accounts;
(iii) all amounts received by the LLP representing income on any Substitution Assets and Authorised Investments;
(iv) the amount of any premium received by the LLP from a new Swap Provider as consideration for the entry by the LLP into a new Swap, except to the extent applied to pay any termination payment under the relevant Swap being replaced;
(v) the proceeds from any sale of Loans to the extent that such proceeds comprise Accrued Interest or Arrears of Interest; and
(vi) any other revenue income of the LLP which is not referred to in paragraphs (i) to (iv) above and which is not referred to in the receipts to be credited to the Principal Ledger in paragraph 9 below; and
(b) any payment or provision made under the Pre-Acceleration Priority of Payments or made under paragraph 5 above (but only to the extent that such payment made under paragraph 5 has been recorded as a receipt on the Revenue Ledger) shall be debited to the Revenue Ledger.
Revenue Ledger. The Cash Manager shall ensure that:
(A) it shall record as a credit to the Revenue Ledger the following amounts:
(1) all Revenue Receipts;
(2) interest payable to the Issuer on the Transaction Account and income from any Authorised Investments;
(3) any Available Principal Receipts applied as Available Revenue Receipts in respect of Principal Deficiency Excess Revenue Amounts;
(4) any amounts released from the General Reserve Fund to fund a Revenue Shortfall;
(5) any General Reserve Ledger Residual Amounts;
(6) any Available Principal Receipts applied in order to remedy a Further Class A Shortfall in accordance with item (A) of the Pre-Enforcement Principal Priority of Payments;
(7) any Available Principal Receipts allocated as Available Revenue Receipts in accordance with item (E) of the Pre-Enforcement Principal Priority of Payments;
(8) any drawing made by the Issuer under the Servicer Advance Facility;
(9) other net income received by the Issuer (other than Principal Receipts);
(10) in respect of any Interest Payment Date following a Determination Period, if the Reconciliation Amount in respect of the relevant Determination Period is a negative number, an amount equal to the absolute value of such Reconciliation Amount, as determined in accordance with Condition 4.3(I) (Determinations and Reconciliation); and
(11) any excess of the Subordinated Loan after the Subordinated Loan has been used to meet costs and Expenses incurred by the Issuer in respect of the issuance of the Notes on the Closing Date and to fund the General Reserve Fund up to the General Reserve Fund Required Amount;
(B) it shall record as a debit to the Revenue Ledger, the following amounts paid into the Transaction Account (as applicable):
(1) each amount equal to Available Revenue Receipts to be applied under the Pre-Enforcement Revenue Priority of Payments; and
(2) revenue amounts to be applied under the Post-Enforcement Priority of Payments in respect of each Interest Payment Date.
Revenue Ledger. The Trust Property Cash Manager shall ensure that:
(a) the following amounts shall be recorded as a credit to the Revenue Ledger:
(i) all Revenue Receipts;
(ii) payments made by the Seller to the Mortgages Trustee to fund any Non-Cash Borrow-back in respect of payment holidays or Cash Borrow-back in respect of any Mortgage Loan in the Mortgage Portfolio;
(iii) enforcement proceeds released from the All Monies Mortgage Trust and designated as interest in accordance with paragraph 15 (All Monies Mortgage Enforcement Proceeds Ledger) of this Schedule;
(iv) all interest received by the Mortgages Trustee on the Mortgages Trustee Transaction Accounts and the VM Mortgages Trustee Account; LON49693563 155810-0054 EXECUTION VERSION Trust Property Cash Management Agreement
(v) all amounts received by the Mortgages Trustee representing income received from any Permitted Investments; and
(vi) all amounts received in relation to a breach of warranty, representation or indemnity to the extent that such payment is in excess of the principal amount outstanding on the Mortgage Loan in respect of which the payment has been made; and
(b) any payment or provision made under paragraph 3 of this Schedule shall be debited to the Revenue Ledger.
Revenue Ledger. The Cash Manager shall ensure that:
(a) the following amounts are credited to the Funding 1 Revenue Ledger:
(i) all Funding 1 Revenue Receipts;
(ii) all interest received by Funding 1 in respect of the Funding 1 Bank Accounts;
(iii) all amounts received by Funding 1 representing income on any of Funding 1's Authorised Investments;
(iv) all amounts (other than any early termination payment which is to be used to acquire, if necessary, a new swap) received by Funding 1 under the Funding 1 Swap Agreement; and
(b) any payment or provision made under paragraph 5 (Priority of Payments for Funding 1 Available Revenue Receipts) above is debited to the Funding 1 Revenue Ledger.
