Examples of Discretionary Further Advance in a sentence
Each Administrator will, on behalf of the Issuer set, where relevant, the rates of interest applicable to the Mortgages, other than Fixed Rate Mortgages during the applicable initial fixed rate period (each such initial fixed rate period and including in the case of any Discretionary Further Advance, the "Reversionary Period") in accordance with the Administration Agreement.
Advance shall be made pursuant to Clause 8.2.1 or Clause 8.2.3 if the effect thereof would be to extend the final maturity date of the relevant Mortgage beyond 30 April 2043 and, subject to the provisions of Clause 8.2.1 and Clause 8.5, any Discretionary Further Advance may be made if it will not cause this limit to be exceeded.
Advance shall be made pursuant to Clause 8.2.1 or Clause 8.2.3 if the effect thereof would be to extend the final maturity date of the relevant Mortgage beyond 31 October 2045 and, subject to the provisions of Clause 8.2.1 and Clause 8.5, any Discretionary Further Advance may be made if it will not cause this limit to be exceeded.
None of the Administrators, the Sellers, the Issuer or the Trustee has undertaken or will undertake any investigation or search of any kind prior to the making of a Mandatory Further Advance to a borrower or, in some circumstances, the making of a Discretionary Further Advance.
Advance shall be made pursuant to Clause 8.2.1 or Clause 8.2.3 if the effect thereof would be to extend the final maturity date of the relevant Mortgage beyond 30 April 2048 and, subject to the provisions of Clause 8.2.1 and Clause 8.5, any Discretionary Further Advance may be made if it will not cause this limit to be exceeded.