Alliance & Leicester definition
Examples of Alliance & Leicester in a sentence
Accordingly, on and from the Part VII Effective Date, all rights, liabilities, obligations, powers, trusts, authorities, duties and discretions exercised or performed (or exercisable or performable) by Alliance & Leicester in its capacity as the Cash Manager under this Agreement prior to the Part VII Effective Date are deemed to have been exercised or performed (or to have been exercisable or performable) by Santander UK.
Accordingly, on and from the Part VII Effective Date, all rights, liabilities, obligations, powers, trusts, authorities, duties and discretions exercised or performed (or exercisable or performable) by Alliance & Leicester in its capacities as the Issuer Cash Manager under this Agreement prior to the Part VII Effective Date are deemed to have been exercised or performed (or to have been exercisable or performable) by Santander UK.
This is set out in Part 1 (on accompanying CD-ROM) of the Exhibit to a Mortgage Sale Agreement dated 28 November 2006 made between (1) Alliance & Leicester plc (2) Fosse Funding (No. 1) Limited (3) Fosse Trustee Limited and (4) The Bank of New York Mellon, London Branch and as may be further amended, restated, varied, supplemented and/or novated from time to time.
Accordingly, on and from the Transfer Date, subject to the satisfaction of the Trustee Conditions Precedent, all rights, liabilities, obligations, powers, trusts, authorities, duties and discretions exercised or performed (or exercisable or performable) by Alliance & Leicester in its capacities as the Cash Manager and the Seller pursuant to this Agreement prior to the Transfer Date will be deemed to have been exercised or performed (or to have been exercisable or performable) by Santander UK.
Accordingly, on and from the Part VII Effective Date, all rights, liabilities, obligations, powers, trusts, authorities, duties and discretions exercised or performed (or exercisable or performable) by Alliance & Leicester in its capacities as the Seller or the Servicer pursuant to this Agreement prior to the Part VII Effective Date are deemed to have been exercised or performed (or to have been exercisable or performable) by Santander UK.
Accordingly, on and from the Part VII Effective Date, all rights, liabilities, obligations, powers, trusts, authorities, duties and discretions exercised or performed (or exercisable or performable) by Alliance & Leicester in its capacities as the Issuer Cash Manager and an Issuer Swap Provider under the Existing Issuer Deed of Charge prior to the Part VII Effective Date are deemed to have been exercised or performed (or to have been exercisable or performable) by Santander UK.
Although Alliance & Leicester did and the Seller does lend on buy-to-let properties, no such buy-to-let properties are comprised in the Portfolio (although the Seller may provide consent during the life, but not at the start, of the mortgage for the mortgaged property to be let for a specified period).
Pursuant to the Funding 1 Bank Account Agreement entered into on 28 November 2006 between, among others, Alliance & Leicester plc and Funding 1 (the Original Funding 1 Bank Account Agreement), Alliance & Leicester was appointed as the Funding 1 Account Bank in respect of the Funding 1 Transaction Account and the Funding 1 GIC Account.
The following section describes how certain of the lending criteria for loans currently originated by Santander UK differ materially from the lending criteria for loans previously originated by Alliance & Leicester.
All accrued rights and obligations of Alliance & Leicester in its capacities as the Funding 1 Account Bank and the Cash Manager under this Agreement and all future rights and obligations of Alliance & Leicester in its capacities as the Funding 1 Account Bank and the Cash Manager under this Agreement have been transferred to, and have vested in or become liabilities of (as applicable), Santander UK on the Part VII Effective Date.