Common use of Trust in favour of Seller Clause in Contracts

Trust in favour of Seller. If at, or any time after, the Initial Closing Date or, as the case may be in respect of any New Mortgage Portfolio, the relevant Assignment Date, the Mortgages Trustee holds, or there is held to its order, or it receives, or there is received to its order, any property, interest, right or benefit relating to:

Trust in favour of Seller. If at, or any time after, the Initial Closing Date or, as (in the case may be of the Initial Mortgage Portfolio) or the relevant Assignment Date (in respect the case of any New Mortgage Portfolio, the relevant Assignment Date), the Mortgages Trustee holds, or there is held to its order, or it receives, or there is received to its order, any property, interest, right or benefit relating to: