Funding 2 Share definition

Funding 2 Share means the Current Funding 2 Share;
Funding 2 Share means, only in respect of the period prior to the first Distribution Date, the Initial Funding 2 Share, and thereafter means the Current Funding 2 Share; Funding 2 Start-up Loan means a start-up loan that the Funding 2 Start-up Loan Provider makes available to Funding 2 pursuant to a Funding 2 Start-up Loan Agreement; Funding 2 Start-up Loan Agreement means an agreement entered into on any Master Issuer Closing Date between Funding 2, the Funding 2 Start-up Loan Provider and the Funding 2 Security Trustee relating to the provision of a Funding 2 Start-up Loan to Funding 2 (as the same may be amended, restated, supplemented, replaced and/or novated from time to time); Back to Contents Funding 2 Start-up Loan Provider means initially Halifax and, as of the Reorganisation Date, Bank of Scotland in its capacity as provider of the Funding 2 Start-up Loan; Funding 2 Swap means the swap documented under the Funding 2 Swap Agreement which enables Funding 2 to hedge against the possible variance between the Mortgages Trustee Variable Base Rate payable on the Variable Rate Loans, the fixed rates of interest payable on the Fixed Rate Loans and the rates of interest payable on the Tracker Rate Loans and a LIBOR based rate for three-month sterling deposits; Funding 2 Swap Agreement means the ISDA Master Agreement and schedule relating to the Funding 2 Swap entered into on or about the Programme Date and any confirmation documented thereunder from time to time, each between Funding 2, the Funding 2 Swap Provider and the Funding 2 Security Trustee (as the same may be further amended and/or restated from time to time);
Funding 2 Share means, only in respect of the period prior to the first Distribution Date, the Initial Funding 2 Share, and thereafter means the Current Funding 2 Share;

Examples of Funding 2 Share in a sentence

  • Subject to the Security Interests created under the Funding 2 Deed of Charge, it is and will remain the absolute beneficial owner of the Funding 2 Share and absolute legal and beneficial owner of all other assets charged or assigned by the Funding 2 Deed of Charge to which it is a party.

  • None of the Funding 1 Share, the Funding 2 Share or the Seller Share may be reduced below zero.

  • When the Funding 1 Share and the Funding 2 Share of the Trust Property are zero, the remaining Mortgages Trust Available Principal Receipts (if any) shall be allocated to the Seller.

  • The Scholarship donation shall be in an amount determined by a resolution of the board, or prorated and billed at12 the amount of $5.00 per month.

  • Any increase in the Outstanding Principal Balance of a Loan due to Capitalised Interest will be allocated to the Funding 1 Share of the Trust Property, the Funding 2 Share of the Trust Property and the Seller Share of the Trust Property, based on respectively the Funding 1 Share Percentage, the Funding 2 Share Percentage and the Seller Share Percentage in the Trust Property as calculated on the most recent Calculation Date.

  • Unless and until both the Funding 1 Share and the Funding 2 Share of the Trust Property are in an amount equal to zero or an Asset Trigger Event occurs, the Seller will not be entitled to receive Principal Receipts which would reduce the Seller Share of the Trust Property to an amount less than the Minimum Seller Share and the Seller consents and directs the Mortgages Trustee accordingly.

  • Such Revenue Receipt shall belong pro rata to Funding 1 and Funding 2 (but only if and to the extent that the related reductions were applied against the Funding 1 Share and the Funding 2 Share of the Trust Property respectively) and thereafter shall belong to the Seller.

  • As a result of making such payment the Seller Share of the Trust Property will increase by an amount equal to the amount paid to Funding 1 for Funding 1's share of the Capitalised Interest and Funding 2 for Funding 2's share of the Capitalised Interest and the Funding 1 Share of the Trust Property and the Funding 2 Share of the Trust Property (respectively) will decrease by a corresponding amount.

  • Any stamp duty or stamp duty reserve tax in respect of any increase in the Funding 1 Share or the Funding 2 Share of the Trust Property shall be payable by the Seller.

  • Funding 2 assigns by way of first fixed security (or, to the extent not assignable, charges by way of a first fixed charge) all of its rights in respect of the Funding 2 Share of the Trust Property (including, without limitation, the Scottish Trust Property, present and future, comprised in the Trust Property).


More Definitions of Funding 2 Share

Funding 2 Share has the meaning given to such term in the Master Definitions Schedule.

Related to Funding 2 Share

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Class A Share means a Class A ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Class B Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class B Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of the close of business on such day; provided, however, that with respect to the first Monthly Period, the Class B Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Class A Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class A Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of such day; provided, however, that with respect to the first Monthly Period, the Class A Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • Class C Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the Outstanding Amount of the Class C Notes and the denominator of which is the sum of the Outstanding Amount of all the Notes.

  • Class C Ordinary Share shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Class A Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class A Ordinary Shares and having the rights provided for in these Articles;

  • Series Invested Amount means the Initial Invested Amount.