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).