WEIGHTED AVERAGE FUNDING SHARE PERCENTAGE. On any Distribution Date in respect to which the Seller had assigned New Mortgage Loans to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Distribution Date, the Cash Manager (on behalf of the Beneficiaries) will calculate (for the sole purpose of making the distributions to be made on such Distribution Date) the weighted average of the Current Funding Share Percentages that were calculated previously in respect of each Interim Calculation Period occurring in such immediately preceding Trust Calculation Period based on the amount of Revenue Receipts and Principal Receipts received and Losses sustained during each such Interim Calculation Period. The "WEIGHTED AVERAGE FUNDING SHARE PERCENTAGE" for any such Distribution Date will be equal to:
Appears in 5 contracts
Samples: Granite Mortgages 02-1 PLC, Granite Mortgages 02-2 PLC, Granite Mortgages 02-1 PLC
