Common use of TOGETHER CONNECTIONS MORTGAGE LOANS Clause in Contracts

TOGETHER CONNECTIONS MORTGAGE LOANS. If, in respect of any Together Connections Mortgage Loan which is in the Trust Property, there has been a reduction in the outstanding balance of such Mortgage Loan from the relevant Borrower being allocated a portion of the Together Connections Mortgage Benefit under such Mortgage Loan, the aggregate Current Balance of the Mortgage Loans constituting the Trust Property and the amount of the Seller Share of the Trust Property shall be decreased by an amount equal to the portion of the Together Connections Benefit allocated to such Mortgage Loan.

Appears in 3 contracts

Samples: Mortgages Trust Deed (Granite Mortgages 02-2 PLC), Mortgages Trust Deed (Granite Mortgages 03-2 PLC), Mortgages Trust Deed (Granite Mortgages 02-1 PLC)

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