Granite Finance Funding definition

Granite Finance Funding. Limited Notes to Balance Sheet Period Ended Balance on Cash Accumulation Ledger 0 Available Credit Enhancement Reserve Fund at closing Last Quarter Closing Reserve Fund Drawings to make a bullet repayment Other drawings Closing Reserve Balance Target Reserve Fund Issuer Principal Deficiency Ledger AAA AA BBB Opening PDL Balance 0 0 0 Losses this Quarter 0 0 0 PDL top up from Revenue Income 0 0 0 Closing PDL Balance 0 0 0 Subordinated Loan Outstanding Initial Balance Last Quarter Closing Outstanding Accrued Interest Repayments Made Closing Balance SCHEDULE 4 Cash Manager Representations and Warranties The Cash Manager makes the following representations and warranties to each of the Mortgages Trustee, Funding and the Security Trustee:
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Granite Finance Funding. 2 Limited Notes to Balance Sheet Period Ended Balance on Cash Accumulation Ledger 0 Available Credit Enhancement Reserve Fund at closing Last Quarter Closing Reserve Fund Drawings to make a bullet repayment Other drawings Closing Reserve Balance Target Reserve Fund Subordinated Loan Outstanding Initial Balance Last Quarter Closing Outstanding Accrued Interest Repayments Made Closing Balance
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Granite Finance Funding. Limited Notes to Balance Sheet Period Ended Balance on Cash Accumulation Ledger 0 Available Credit Enhancement Reserve Fund at closing Last Quarter Closing Reserve Fund Drawings to make a bullet repayment Other drawings Closing Reserve Balance Target Reserve Fund Issuer Principal Deficiency Ledger AAA AA BBB Opening PDL Balance 0 0 0 Losses this Quarter 0 0 0 PDL top up from Revenue Income 0 0 0 Closing PDL Balance 0 0 0 Subordinated Loan Outstanding Initial Balance Last Quarter Closing Outstanding Accrued Interest Repayments Made Closing Balance SCHEDULE 3C Form of Funding 2 Quarterly Report Granite Finance Funding 2 Limited Profit & Loss Account Period Ended This Quarter Prior Quarter (GBP) 000's (GBP) 000's Interest Receivable -Mortgages Interest Receivable -Cash/ Authorised Investments 0 0 Interest Payable - Intercompany Loan Interest Payable 0 0 Other Income Operating Expenses Deferred Consideration Profit/loss on 0 0 ordinary activities before tax Taxation Profit/loss on 0 0 ordinary activities after tax Retained profit 0 0 brought forward Retained profit for 0 0 the year
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Examples of Granite Finance Funding in a sentence

  • From the proceeds of the issue of those Current Issuer Notes, the Current Issuer shall make an Intercompany Loan to Granite Finance Funding Limited pursuant to the terms of the Current Issuer Intercompany Loan Agreement.

  • By a mortgage sale agreement ( as amended, varied, supplemented or novated from time to time "MORTGAGE SALE AGREEMENT") dated 26 March 2001 and made between Northern Rock, the Mortgages Trustee, Granite Finance Funding Limited and The Bank of New York, certain mortgages (the "MORTGAGES") were agreed to be transferred and assigned to the Mortgages Trustee.

  • To: [Addressee(s)] In respect of the [Description of Funding Transaction Document or Funding Charged Property] [Date] Dear Sirs, Terms and expressions used in this letter are as defined in the Funding Deed of Charge (the "FUNDING DEED OF CHARGE") between Granite Finance Funding Limited (the "FUNDING"), The Bank of New York (the "SECURITY TRUSTEE") and others dated 26 March 2001.

  • SCHEDULE 1 FORM OF SECURITY POWER OF ATTORNEY THIS POWER OF ATTORNEY is made on 26 March 2001 by Granite Finance Funding Limited.

  • On 26 March 2001 Granite Mortgages 01-1 plc (the "FIRST ISSUER") shall make a loan to Granite Finance Funding Limited ("FUNDING") on the terms set out in these terms and conditions (the "INTERCOMPANY LOAN TERMS AND CONDITIONS") and the separate intercompany loan confirmation dated 26 March 2001 (the "FIRST ISSUER INTERCOMPANY LOAN CONFIRMATION" and, together with the Intercompany Loan Terms and Conditions, the "FIRST ISSUER INTERCOMPANY LOAN AGREEMENT").

  • The Company has executed a Mortgages Trust Deed dated 26 March 2001 between itself as Trustee, Northern Rock plc as Seller and Beneficiary (SELLER), Granite Finance Funding Limited as Beneficiary (FUNDING) (MORTGAGES TRUST DEED), whereby it undertakes to hold the benefit of all the Trust Property (as defined in the Mortgages Trust Deed) from time to time transferred to it or acquired by it from Northern Rock plc upon trust for the Seller and Funding in accordance with the terms of the Mortgages Trust Deed.

  • From the proceeds of the issue of such Issuer Notes, the Master Issuer shall make advances of funds to Granite Finance Funding 2 Limited, pursuant to the terms of the Global Intercompany Loan Agreement.

  • SIGNED BY J.C. WALKER For and on behalf of Granite Finance Funding Limited XXXXXX XY NIGEL C.

  • The principal cash allocated to Granite Finance Funding Limited is then distributed pro-rata between the relevant issuers in the Granite Finance Funding Limited group by reference to the size of their inter-company loans outstanding with Granite Finance Funding Limited at each determination date.

  • The principal cash allocated to Granite Finance Funding 2 Limited is used to repay the loan from Granite Master Issuer plc, which in turn uses the cash to repay the loan notes in issue by reference to their original credit ratings on issue in the same manner as detailed above.


More Definitions of Granite Finance Funding

Granite Finance Funding. 2 Limited Balance Sheet Period Ended (GBP) 000's (GBP) 000's Fixed Asset Investments Beneficial Interest in Mortgage Portfolio 0 Current Assets Interest Receivable 0 Deferred Expenditure (costs of Securing) 0 Other debtors 0 Cash at Bank 0 Creditors: Amounts falling due within one year Accruals 0 Deferred Consideration Creditor 0 Interest Payable Accrual 0 Taxation 0 ------------------ 0 ------------------ Net current assets 0 Creditors: Amounts falling due after one year Intercompany Loan 0 Start-up Loan(s) (specify) 0 ---------------- Total Assets less current liabilities 0 ================ Share Capital 0 Reserves 0 ---------------- 0 ================ Diff 0
Sample 1
Granite Finance Funding. 2 Limited Notes to Balance Sheet Period Ended Balance on Cash Accumulation Ledger 0 Available Credit Enhancement Reserve Fund at closing Last Quarter Closing Reserve Fund Drawings to make a bullet repayment Other drawings Closing Reserve Balance Target Reserve Fund Subordinated Loan Outstanding Initial Balance Last Quarter Closing Outstanding Accrued Interest Repayments Made Closing Balance SCHEDULE 4 Cash Manager Representations and Warranties The Cash Manager makes the following representations and warranties to each of the Mortgages Trustee, Funding, Funding 2, the Security Trustee and the Funding 2 Security Trustee:
Sample 1

Related to Granite Finance Funding

  • Corporate Finance Fee means the fee to be paid to the Agent by the Issuer in consideration of corporate finance and structuring services provided by the Agent;

  • Finance Corp. means the Person named as “Finance Corp.” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable terms of this Indenture, and thereafter “Finance Corp.” shall mean such successor Person.

  • Finance Company means any Finance Company or other lender with whom You have agreed a Loan or credit agreement through the Supplying Outlet.

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Sales finance company means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.

  • Finance Co means the Person named as such in the preamble of this Indenture under and until a successor replaces it pursuant to the applicable provision of this Indenture and thereafter means such successor.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Finance means the Division of Finance.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • CDO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Capital One means Capital One, National Association.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • National City National City Mortgage Co., or any successor thereto.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Construction Funding Subsidy or “CFS” means the funding that the MOHLTC agreed to provide, or to ensure the provision of, to the HSP, in an agreement for the construction, development, redevelopment, retrofitting or upgrading of beds (a “Development Agreement”).

  • Real estate investment trust means any corporation, trust or association qualifying and electing to be taxed as a real estate investment trust under federal law.