Transfer Timing. The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: "Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day."
Appears in 3 contracts
Samples: Isda Master Agreement (Permanent Funding (No. 2) LTD), Novation Agreement (Permanent Master Issuer PLC), Credit Support Annex (Gracechurch Receivables Trustee LTD)
Transfer Timing. (A) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: "“Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day."”.
(B) The definition of “Settlement Day” shall be deleted and replaced with the following:
Appears in 2 contracts
Transfer Timing. 1) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: "Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day."
2) The definition of Settlement Day shall be deleted and replaced with the following:
Appears in 2 contracts
Samples: Novation Agreement (Holmes Master Issuer), Master Agreement (Holmes Funding LTD)
Transfer Timing. (A) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: "Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day."
(B) The definition of Settlement Day in Paragraph 10 shall be deleted and replaced with the following:
Appears in 1 contract
Transfer Timing. The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: "“Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day."”
Appears in 1 contract
Samples: Novation Agreement (Crusade Global Trust No. 2 of 2006)
Transfer Timing. (A) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: "Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day."
Appears in 1 contract
Samples: Covered Bond Swap Schedule
