Northern Rock definition
Examples of Northern Rock in a sentence
The Administrator may not assign or transfer any of its rights or obligations under this Agreement (a) without the prior written consent of the Mortgages Trustee (as trustee for the Beneficiaries) and each of the Beneficiaries and (b) other than to a person who agrees to be bound by the provisions contained in Clause 5 of the Funding Deed of Charge as if such person had been named as an original party thereto in place of Northern Rock but without prejudice to their obligations under such Clause.
The Current Issuer Corporate Services Provider shall be entitled to remuneration for the services provided by it under this Agreement of an amount to be agreed between the SPV Companies, Northern Rock and the Current Issuer Corporate Services Provider (together with Value Added Tax thereon) which shall consist of remuneration for corporate services hereunder to be borne by the SPV Companies and payable quarterly on Payment Dates subject to and in accordance with the Current Issuer Priority of Payments.
See Commission Decision of 5 December 2007 in case NN 70/2007, Northern Rock, OJ C 43 of 16.2.2008, p.
Nothing in this Clause 7.8 shall prevent the Seller (or any of its attorneys from time to time) from setting a higher Northern Rock Standard Variable Rate or higher rates for other discretionary rates and margins (or in the case of the Existing Borrowers' Re-Fix Rate setting a higher rate and imposing terms more advantageous to the Mortgages Trustee) than those to be set or required by the Mortgages Trustee, Funding and (other than in respect to an Existing Borrower's Re-Fix Rate) the Security Trustee.
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.
Following the near-collapse of Northern Rock in 2007, and to prevent future bank runs, the Parliament and the Council in 2009 raised guarantee levels and reduced pay-out delays in the event that deposits of a bank would become unavailable.
The calculation of the Minimum Seller Share in accordance with Clause 9.2 (Fluctuation of Minimum Seller Share on each Distribution Date) above will be recalculated by the Cash Manager with the agreement of the parties hereto subject to the approval of the Rating Agencies if the Seller merges or otherwise combines its business with another bank or other financial institution so as to increase the risks associated with Borrowers holding deposits in Northern Rock accounts.
This is the most flexible system in use today, especially in the public sector.
Bristol: University of Bristol in association with the Northern Rock Foundation.
For the purpose of Section 12(a) of this Agreement:- Address for notices or communications to Party A:- Address: 000 Xxxxxxxxxxx Xxxxxx XX0X 0XX Attention: Derivative Operations Facsimile No.: 0000 000 0000/9428 Telephone No.: 0000 000 0000 Address for notices or communications to Party B:- Address: Granite Mortgages 03-2 plc Xxxxx Xxxxx 000 Xxxx Xxxxxx Xxxxxx XX0X 0XX With a copy to: Northern Rock plc Xxxxxxxx Xxxx Xxxxx Xxxxxxxx Xxxxxxxxx xxxx Xxxx XX0 0XX Attention: Xxxxx X.