RULES FOR APPLICATION OF FUNDING AVAILABLE PRINCIPAL RECEIPTS. On the Distribution Date immediately preceding such Payment Date, the Cash Manager will calculate the "ISSUER ALLOCABLE PRINCIPAL RECEIPTS" for each Issuer in respect of the relevant Payment Date which, subject as provided in paragraphs (2) through (7) below, is for any Issuer an amount which is equal to the sum of:
Appears in 2 contracts
Samples: Issuer Deed of Accession (Granite Mortgages 03-1 PLC), Issuer Deed of Accession (Granite Mortgages 03-2 PLC)
RULES FOR APPLICATION OF FUNDING AVAILABLE PRINCIPAL RECEIPTS. On the Distribution Date immediately preceding such Payment Date, the Cash Manager will calculate the "ISSUER ALLOCABLE PRINCIPAL RECEIPTSIssuer Allocable Principal Receipts" for each Issuer in respect of the relevant Payment Date which, subject as provided in paragraphs (2) through (7) below, is for any Issuer an amount which is equal to the sum lesser of:
Appears in 1 contract
Samples: Issuer Deed of Accession (Granite Mortgages 02-2 PLC)
RULES FOR APPLICATION OF FUNDING AVAILABLE PRINCIPAL RECEIPTS. On the Distribution Date immediately preceding such Payment Date, the Cash Manager will calculate the "ISSUER ALLOCABLE PRINCIPAL RECEIPTS" for each Issuer in respect of the relevant Payment Date which, subject as provided in paragraphs (2) through (7) below, is for any Issuer an amount which is equal to the sum lesser of:
Appears in 1 contract
Samples: Issuer Deed of Accession (Granite Mortgages 02-2 PLC)
RULES FOR APPLICATION OF FUNDING AVAILABLE PRINCIPAL RECEIPTS. On the Distribution Date immediately preceding such Payment Date, the Cash Manager will calculate the "ISSUER ALLOCABLE PRINCIPAL RECEIPTSIssuer Allocable Principal Receipts" for each Issuer in respect of the relevant Payment Date which, subject as provided in paragraphs (2) through (7) below, is for any Issuer issuer an amount which is equal to the sum lesser of:
Appears in 1 contract
Samples: Funding Deed of Charge (Granite Mortgages 03-2 PLC)
