Weighted Average Seller Share Percentage. On any Distribution Date in respect to which (i) the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee, or (ii) Funding had paid a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, during the Trust Calculation Period immediately preceding such Distribution Date, the Cash Manager will calculate (for the sole purpose of making the distributions to be made on such Distribution Date) the weighted average of the Seller Share Percentages that were calculated previously in respect of the Revenue Receipts and Principal Receipts received, and Losses sustained, during each Interim Calculation Period occurring in such immediately preceding Trust Calculation Period and will be a percentage equal to:
Appears in 4 contracts
Samples: Granite Mortgages 03-1 PLC, Granite Mortgages 04-2 PLC, Granite Mortgages 03-3 PLC
