Common use of Trust Property Clause in Contracts

Trust Property. Subject to CLAUSE 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 5 contracts

Samples: Permanent Financing (No. 5) PLC, Permanent Mortgages Trustee LTD, Permanent Mortgages Trustee LTD

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Trust Property. Subject to CLAUSE 3this Clause 3 (Conditions Precedent), the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.to

Appears in 5 contracts

Samples: Granite Mortgages 03-2 PLC, Granite Mortgages 04-1 PLC, Granite Mortgages 03-1 PLC

Trust Property. Subject to CLAUSE Clause 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 3 contracts

Samples: HOLMES FINANCING (No. 9) PLC, Holmes Financing No 8 PLC, HOLMES FINANCING (No. 9) PLC

Trust Property. Subject to CLAUSE 3this Clause 3 (Conditions Precedent), the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.Deed (such that each Beneficiary shall have an undivided beneficial interest in the Trust Property). As used herein, "TRUST

Appears in 2 contracts

Samples: Granite Mortgages 02-1 PLC, Granite Mortgages 03-3 PLC

Trust Property. Subject to CLAUSE Clause 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

Trust Property. Subject to CLAUSE 3Clause , the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

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Trust Property. Subject to CLAUSE 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 1 contract

Samples: Holmes Financing No 6 PLC

Trust Property. Subject to CLAUSE 3this Clause 3 (Conditions Precedent), the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding, Funding 1 (as to the Funding 1 Share) 2 and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.Deed (such that each Beneficiary shall have an undivided beneficial interest in the Trust Property). As used herein, "

Appears in 1 contract

Samples: Granite Finance Trustees LTD

Trust Property. Subject to CLAUSE Clause 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 ShareShare Percentage) and for the Seller (as to the Seller ShareShare Percentage) as beneficial tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 1 contract

Samples: Holmes Funding LTD

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