Mortgages Trust Deed definition

Mortgages Trust Deed means the mortgages trust deed entered into among the Mortgages Trustee, Funding and the Seller on 26 March 2001 as may be amended, restated, novated, varied or supplemented from time to time and shall include any additional and/or replacement mortgage trust deed entered into by such parties from time to time in accordance with the Transaction Documents;

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Mortgages Trust Deed means the mortgages trust deed entered into among the Mortgages Trustee, Funding and the Seller on 26 March 2001 and shall include any additional and/or replacement mortgage trust deed entered into by such parties from time to time in accordance with the Transaction Documents;

Mortgages Trust Deed means the mortgages trust deed entered into on or about the Closing Date between the Mortgages Trustee, the Issuer and the Seller.

Examples of Mortgages Trust Deed in a sentence

• The withdrawal shall be used to make the payments and provisions in the order of priority set out in Clause 10.2 (Distribution of Mortgages Trustee Available Revenue Receipts) of the Mortgages Trust Deed (in each case only if and to the extent that payments or provisions of a higher priority have been made in full).

• Any reference in this Agreement to any discretion, power or right on the part of the Mortgages Trustee shall be as exercised by the Mortgages Trustee only as directed by the Beneficiaries but subject in each case to the provisions of the Mortgages Trust Deed.

• If the Seller fails to so indemnify the Mortgages Trustee and Funding within 30 London Business Days of demand being made therefor, then the amounts due may be deducted by way of set-off from income due to the Seller pursuant to Clause 10.2(c) of the Mortgages Trust Deed.

• The perpetuity period for the purposes of this Mortgages Trust Deed shall be the period of 80 years commencing on the date hereof.

• The terms of this Clause 8 (Warranties and Repurchase by the Seller) shall not prejudice the rights of the Mortgages Trustee or the Beneficiaries under the Mortgages Trust Deed.

• The cash management fee referred to in Clause 9.1 herein (Fee Payable) shall only be payable to the Cash Manager on each Payment Date in the manner contemplated by, in accordance with and subject to the provisions of the applicable Priority of Payments for the Mortgages Trustee under the Mortgages Trust Deed and the applicable Funding Priority of Payments under the Funding Deed of Charge.

• The Mortgages Trustee's, Funding's and the Security Trustee's sole remedy in respect of a breach of any of the Representations and Warranties shall be to take action under this Clause 8 (Warranties and Repurchase by the Seller) or under Clause 8.4 (Adjustments to Trust Property) of the Mortgages Trust Deed.

• The withdrawal shall be used to make the payments and provisions in the order of priority set out in clause 10.2 of the Mortgages Trust Deed (in each case only if and to the extent that payments or provisions of a higher priority have been made in full).

• The Security Trustee undertakes, upon receipt of any notice as specified in Clause 8.5(c) of the Mortgages Trust Deed, to forward such notice to the Mortgages Trustee, Funding, the Seller and the Cash Manager in the manner set forth in Clause 20 within three (3) London Business Days of receipt thereof.

• Such monies so receivable by the Cash Manager shall be paid by Funding and the Mortgages Trustee, on the dates on which they would otherwise have fallen due hereunder and under the terms of the Funding Deed of Charge and the Mortgages Trust Deed.

More Definitions of Mortgages Trust Deed

Mortgages Trust Deed means the mortgages trust deed made between the Mortgages Trustee, Funding 1, the Seller and SFM Offshore Limited on 13 June 2002, as amended and restated on the Second Issuer Closing Date, the Third Issuer Closing Date, the Fourth Issuer Closing Date, the Fifth Issuer Closing Date, the Sixth Issuer Closing Date, the Seventh Issuer Closing Date, the Eighth Issuer Closing Date, the Ninth Issuer Closing Date and as further amended and restated on the Programme Date, on 21 November 2007, 6 March 2009 and on 24 September 2009 by the Mortgages Trustee, Funding 1, Funding 2, the Seller and SFM Offshore Limited (and as the same may be amended, restated and/or supplemented from time to time);

Mortgages Trust Deed means the mortgages trust deed made between the Mortgages Trustee, Funding 1, the Seller and SFM Offshore Limited on 13th June, 2002, as amended and restated on or about the Second Issuer Closing Date and as further amended and/or restated or varied from time to time;

Mortgages Trust Deed means the mortgages trust deed made by the Mortgages Trustee, Funding and the Seller on 25th July, 2000, as amended by the Deed of Amendment to Mortgages Trust Deed and the Second Deed of Amendment to Mortgages Trust Deed and as amended and restated on or about the Fourth Issuer Closing Date, the Fifth Issuer Closing Date and the Sixth Issuer Closing Date and as further amended and/or restated from time to time;

Mortgages Trust Deed means the mortgages trust deed made between the Mortgages Trustee, Funding 1, the Seller and SFM Offshore Limited on 13 June 2002, as amended and restated on the Second Issuer Closing Date, the Third Issuer Closing Date, the Fourth Issuer Closing Date, the Fifth Issuer Closing Date, the Sixth Issuer Closing Date, the Seventh Issuer Closing Date, the Eighth Issuer Closing Date, the Ninth Issuer Closing Date and as further amended and restated on the Programme Date and on 21 November 2007 by the Mortgages Trustee, Funding 1, Funding 2, the Seller and SFM Offshore Limited (and as the same may be amended, restated and/or supplemented from time to time);