Common use of Together Connections Mortgage Loans and Connections Mortgage Loans Clause in Contracts

Together Connections Mortgage Loans and Connections Mortgage Loans. (a) The Seller shall, upon request, use its reasonable endeavours to: (i) provide the Mortgages Trustee, Funding and the Administrator with such information (including, but not limited to documentary information) in its possession; and (ii) do such other acts and things, that the Mortgages Trustee, Funding and the Administrator may require in order for such parties to exercise their rights and comply with their obligations under the Together Connections Mortgage Loans and the Connections Mortgage Loans and under the Transaction Documents with respect to the administration of such Mortgage Loans. (b) Each of the Mortgages Trustee, Funding and the Administrator shall, upon request, use their reasonable endeavours to: (i) provide the Seller with such information (including, but not limited to documentary information) in its possession; and (ii) do such other acts and things, that the Seller may require in order for the Seller to, exercise its rights and comply with its obligations under the Together Connection Conditions and the Connection Conditions (where such rights and obligations are not required to be administered by the Mortgages Trustee, Funding or the Administrator under the Transaction Documents) and in respect of the products linked to the Together Connections Mortgage Loans and Connections Mortgage Loans. (c) Any notice, letter or other communication: (i) received or given by the Seller under the Together Connection Conditions or the Connection Conditions shall be copied by the Seller to the Administrator; and (ii) received or given by the Mortgages Trustee, Funding or the Administrator under the Together Connection Conditions or the Connection Conditions shall be copied by such parties to the Seller. (d) The Administrator shall act in accordance with the instructions of the Seller in any matter where the powers, rights, obligations or commercial interests of the Seller under the Together Connection Conditions or the Connection Conditions or with respect to the products linked to the Together Connections Mortgage Loan or the Connections Mortgage Loan may be affected in a material manner. Such matters may include, but not limited to, the following: (i) any request from a Borrower to amend the allocation of the Together Connections Benefit or the Connections Benefit that may accrue to such Borrower under the terms of the relevant Together Connection Conditions or Connection Conditions; (ii) any amendment to the Together Connection Conditions or the Connection Conditions; (iii) except where the Administrator is required to act in accordance with Clause 4.3 (Interest Rate Shortfall), the determination or variation of the Connection Interest Rate (provided that such rate shall not at any time be set at a rate which is higher than the equivalent rate offered by the Seller); (iv) any change to the availability or amendment to the eligibility of any product to be linked to a Together Connections Mortgage Loan or a Connections Mortgage Loan; and (v) the termination of the Together Connection Conditions or the Connection Conditions. In all other cases where the Administrator, on behalf of the other parties hereto is required to exercise its judgment or discretion in the application of the Together Connection Conditions or the Connection Conditions, the Administrator shall undertake the same in consultation with the Seller. (e) The Seller shall not have any right to provide instructions to the Administrator in respect of any amendment to the Together Connection Conditions or Connection Conditions where such amendment will result in a Product Switch in respect of the applicable Together Connections Mortgage Loans or Connections Mortgage Loans unless the Seller has given confirmation in accordance with the terms of the Mortgage Sale Agreement that it has elected to repurchase such Together Connections Mortgage Loans or Connections Mortgage Loans.

Together Connections Mortgage Loans and Connections Mortgage Loans. (a) The Seller shall, upon request, use its reasonable endeavours to: (i) provide the Mortgages Trustee, each Funding Beneficiary and the Administrator Servicer with such information (including, but not limited to documentary information) in its possession; and (ii) do such other acts and things, that the Mortgages Trustee, each Funding Beneficiary and the Administrator Servicer may require in order for such parties to exercise their rights and comply with their obligations under the Mortgage Conditions relating to the Together Connections Mortgage Loans and the Connections Mortgage Loans and under the Transaction Documents with respect to the administration of such Mortgage Loans. (b) Each of the Mortgages Trustee, each Funding Beneficiary and the Administrator Servicer shall, upon request, use their reasonable endeavours to: (i) provide the Seller with such information (including, but not limited to documentary information) in its possession; and (ii) do such other acts and things, that the Seller may require in order for the Seller to, to exercise its rights and comply with its obligations under the Together Connection Conditions and the Connection Conditions (where such rights and obligations are not required to be administered and serviced by the Mortgages Trustee, any Funding Beneficiary or the Administrator Servicer under the Transaction Documents) and in respect of the products linked to the Together Connections Mortgage Loans and Connections Mortgage Loans. (c) Any notice, letter or other communication: (i) received or given by the Seller under the Together Connection Conditions or the Connection Conditions shall be copied by the Seller to the AdministratorServicer; and (ii) received or given by the Mortgages Trustee, any Funding Beneficiary or the Administrator Servicer under the Together Connection Conditions or the Connection Conditions shall be copied by such parties to the Seller. (d) The Administrator Servicer shall act in accordance with the instructions of the Seller in any matter where the powers, rights, obligations or commercial interests of the Seller under the Together Connection Conditions or the Connection Conditions or with respect to the products linked to the Together Connections Mortgage Loan or the Connections Mortgage Loan may be affected in a material manner. Such matters may include, but not limited to, the following: (i) any request from a Borrower to amend the allocation of the Together Connections Benefit or the Connections Benefit that may accrue to such Borrower under the terms of the relevant Together Connection Conditions or Connection Conditions; (ii) any amendment to the Together Connection Conditions or the Connection Conditions; (iii) except where the Administrator Servicer is required to act in accordance with Clause 4.3 (Interest Rate Shortfall), the determination or variation of the Connection Interest Rate (provided that such rate shall not at any time be set at a rate which is higher than the equivalent rate offered by the Seller); (iv) any change to the availability or amendment to the eligibility of any product to be linked to a Together Connections Mortgage Loan or a Connections Mortgage Loan; and (v) the termination of the Together Connection Conditions or the Connection Conditions. In all other cases where the AdministratorServicer, on behalf of the other parties hereto is required to exercise its judgment or discretion in the application of the Together Connection Conditions or the Connection Conditions, the Administrator Servicer shall undertake the same in consultation with the Seller. (e) The Seller shall not have any right to provide instructions to the Administrator Servicer in respect of any amendment to the Together Connection Conditions or Connection Conditions where such amendment will result in a Product Switch in respect of the applicable Together Connections Mortgage Loans or Connections Mortgage Loans unless the Seller has given confirmation in accordance with the terms of the Mortgage Sale Agreement that it has elected to repurchase such Together Connections Mortgage Loans or Connections Mortgage Loans.

Together Connections Mortgage Loans and Connections Mortgage Loans. (a) The Seller shall, upon request, use its reasonable endeavours to: (i) provide the Mortgages Trustee, each Funding Beneficiary and the Administrator with such information (including, but not limited to documentary information) in its possession; and (ii) do such other acts and things, that the Mortgages Trustee, each Funding Beneficiary and the Administrator may require in order for such parties to exercise their rights and comply with their obligations under the Together Connections Mortgage Loans and the Connections Mortgage Loans and under the Transaction Documents with respect to the administration of such Mortgage Loans. (b) Each of the Mortgages Trustee, each Funding Beneficiary and the Administrator shall, upon request, use their reasonable endeavours to: (i) provide the Seller with such information (including, but not limited to documentary information) in its possession; and (ii) do such other acts and things, that the Seller may require in order for the Seller to, to exercise its rights and comply with its obligations under the Together Connection Conditions and the Connection Conditions (where such rights and obligations are not required to be administered by the Mortgages Trustee, any Funding Beneficiary or the Administrator under the Transaction Documents) and in respect of the products linked to the Together Connections Mortgage Loans and Connections Mortgage Loans. (c) Any notice, letter or other communication: (i) received or given by the Seller under the Together Connection Conditions or the Connection Conditions shall be copied by the Seller to the Administrator; and (ii) received or given by the Mortgages Trustee, any Funding Beneficiary or the Administrator under the Together Connection Conditions or the Connection Conditions shall be copied by such parties to the Seller. (d) The Administrator shall act in accordance with the instructions of the Seller in any matter where the powers, rights, obligations or commercial interests of the Seller under the Together Connection Conditions or the Connection Conditions or with respect to the products linked to the Together Connections Mortgage Loan or the Connections Mortgage Loan may be affected in a material manner. Such matters may include, but not limited to, the following: (i) any request from a Borrower to amend the allocation of the Together Connections Benefit or the Connections Benefit that may accrue to such Borrower under the terms of the relevant Together Connection Conditions or Connection Conditions; (ii) any amendment to the Together Connection Conditions or the Connection Conditions; (iii) except where the Administrator is required to act in accordance with Clause 4.3 (Interest Rate Shortfall), the determination or variation of the Connection Interest Rate (provided that such rate shall not at any time be set at a rate which is higher than the equivalent rate offered by the Seller); (iv) any change to the availability or amendment to the eligibility of any product to be linked to a Together Connections Mortgage Loan or a Connections Mortgage Loan; and (v) the termination of the Together Connection Conditions or the Connection Conditions. In all other cases where the Administrator, on behalf of the other parties hereto is required to exercise its judgment or discretion in the application of the Together Connection Conditions or the Connection Conditions, the Administrator shall undertake the same in consultation with the Seller. (e) The Seller shall not have any right to provide instructions to the Administrator in respect of any amendment to the Together Connection Conditions or Connection Conditions where such amendment will result in a Product Switch in respect of the applicable Together Connections Mortgage Loans or Connections Mortgage Loans unless the Seller has given confirmation in accordance with the terms of the Mortgage Sale Agreement that it has elected to repurchase such Together Connections Mortgage Loans or Connections Mortgage Loans.