Contributions Ledger definition

Contributions Ledger means the ledger created to record (i) the making by Funding to the Mortgages Trustee of Contributions to the Mortgages Trust pursuant to the Mortgages Trust Deed (ii) the making by the Seller to the Mortgages Trustee of Contributions to the Mortgages Trust pursuant to the Mortgages Trust Deed (iii) the payment by the Mortgages Trustee to the Seller of either (a) amounts of Initial Purchase Price for the sale of any New Mortgage Portfolio which is acquired by the Mortgages Trustee from the Seller under the provisions of Mortgage Sale Agreement (b) amounts of Deferred Purchase Price in accordance with the Mortgage Sale Agreement and (iv) the payment by the Mortgages Trustee to the Seller of any Special Distribution in accordance with the Mortgages Trust Deed;

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Contributions Ledger means the ledger created to record (i) the making by Funding to the Mortgages Trustee of Contributions to the Mortgages Trust pursuant to the Mortgages Trust Deed (ii) the making by the Seller to the Mortgages Trustee of Contributions to the Mortgages Trust pursuant to the Mortgages Trust Deed (iii) the payment by the Mortgages Trustee to the Seller of either (a) amounts of Initial Purchase Price for the sale of any New Mortgage Portfolio which is acquired by the Mortgages Trustee from the Seller under the provisions of Mortgage Sale Agreement (b) amounts of Deferred Purchase Price in accordance with the Mortgage Sale Agreement and (iv) the payment by

Examples of Contributions Ledger in a sentence

• The Cash Manager shall ensure that any Contribution made by a Beneficiary to the Mortgages Trustee pursuant to the Mortgages Trust Deed, and the application thereof by the Mortgages Trustee in accordance with the Mortgages Trust Deed, shall be recorded on the Contributions Ledger.

• The Cash Manager shall ensure that any Contribution made by a Beneficiary to the Mortgages Trustee pursuant to the Mortgages Trust Deed and the application thereof by the Mortgages Trustee in accordance with the Mortgages Trust Deed, is recorded on the Contributions Ledger.