Scottish Trust Property means the Scottish Receivables, the Vehicles relating to such Scottish Receivables and all Collections received in respect of such Scottish Receivables, together with all Ancillary Rights, funds, property, interest, right, title and proceeds, deriving from or relating to such Scottish Receivables (other than Excluded Amounts) held in trust pursuant to a Scottish Declaration of Trust.
Scottish Trust Property means the Scottish Mortgage Loans and the Scottish Mortgages and other Related Security relative thereto brief particulars of which are detailed in the schedule annexed and executed as relative hereto, together with:
a) all principal sums (including all Further Advances, Further Draws and Re-Draws), interest and expenses, present or future, comprised therein and secured thereby and the right to demand, recover, receive and give receipts for the same;
b) the Seller's whole right and interest in the Mortgaged Properties secured by the said Scottish Mortgages;
c) all rights of action of the Seller against any person in connection with any report, valuation, opinion, certificate, consent or other statement of fact or opinion given in connection with any of the said Scottish Mortgage Loans and their Related Security;
d) all powers and remedies for enforcing the said Scottish Mortgage Loans and their Related Security and all proceeds resulting therefrom; and
e) all other monies, rights, interests, benefits and others pertaining thereto or deriving therefrom, including the benefit and proceeds of any insurance policy pertaining thereto.
Scottish Trust Property means the Scottish Mortgages, brief particulars of which are detailed in the Schedule annexed and executed as relative hereto, and all principal, interest and expenses, including all further advances present and future, comprised therein and secured thereby, together with:-
Examples of Scottish Trust Property in a sentence
Except with the prior consent of the Mortgages Trustee and (for so long as each retains any right or interest in the Scottish Trust Property) Funding and the Security Trustee, the Seller shall not be entitled to resign office as a trustee or assume a new trustee or trustees under this deed.
This deed and the trust hereby declared and created shall not be varied in any respect without the consent in writing of the Mortgages Trustee or its foresaids and (for so long as each retains any right or interest in the Scottish Trust Property) Funding and the Security Trustee.
Except with the prior consent of the Mortgages Trustee and (for so long as each retains any right or interest in the Scottish Trust Property) Funding 1 and the Security Trustee, the Seller shall not be entitled to resign office as a trustee or assume a new trustee or trustees under this deed.
The Seller hereby DECLARES that from and after the date hereof the Seller holds and, subject to Clause 8 below, shall henceforth hold the Scottish Trust Property and its whole right, title and interest, present and future, therein and thereto in trust absolutely for the Mortgages Trustee and its assignees (whether absolutely or in security) whomsoever.
Title to the Scottish Trust Property aftermentioned is held by and vested in the Seller.
More Definitions of Scottish Trust Property
Scottish Trust Property has the meaning given to it in each Scottish Trust Deed and means, collectively, the whole trust property forming the subjects of each such Scottish Trust Deed;
Scottish Trust Property means the Scottish Loans and the Scottish Mortgages and other Related Security relative thereto, brief particulars of which Scottish Loans and Related Security are detailed in the Schedule annexed and executed as relative hereto, and all principal sums, including any Further Advances and Flexible Loan Drawings, present or future, interest and expenses comprised therein and secured thereby, together with:
Scottish Trust Property means, with respect to Scottish Receivables only, all of the Offeror's rights, title and interest to and in:
Scottish Trust Property means the Scottish Loans and the Scottish Mortgages and other Related Security relative thereto, brief particulars of which Scottish Loans and Related Security are detailed in the Schedule annexed and executed as relative hereto, and all principal sums, including any Further Advances and Flexible Loan Drawings, present or future, interest and expenses comprised therein and secured thereby, together with:
(i) all payments of principal and interest (including, for the avoidance of doubt, all Accrued Interest, Arrears of Interest, Capitalised Interest, Capitalised Expenses and Capitalised Arrears) and other sums due or to become due in respect of the said Scottish Loans and their Related Security including, without limitation, the right to demand, sue for, recover and give receipts for all principal moneys, interest and costs and the right to sue on all covenants and undertakings made or expressed to be made in favour of the Seller under the applicable Mortgage Terms;
(ii) subject where applicable to the subsisting rights of redemption of Borrowers, all MH/CP Documentation, Deeds of Postponement or any collateral security for the repayment of the relevant Scottish Loans;
(iii) the right to exercise all the powers of the Seller in relation thereto, subject to and in accordance with the applicable Mortgage Terms but so that, in the case of Scottish Loans which are subject to the Applicable Mortgage Conditions, the LLP shall not, save as set out in the Servicing Agreement, be entitled to exercise the entitlement set out in condition 29.2 of the ANPLC 1995 Mortgage Conditions or condition 27.2 of the ANPLC 1995 Scottish Mortgage Conditions or condition 27.3 of the ANPLC 2002 Mortgage Conditions or condition 31.3 of the ANPLC 2004 Mortgage Conditions or condition 32.3 of the ANPLC 2006 Mortgage Conditions or condition 35.3 of the ANPLC 2007 Mortgage Conditions or condition 43.3 of the ANPLC 2007 Flexible Plus Mortgage Conditions or condition 35.3 of the 2010 Standard Mortgage Conditions or condition 43.3 of the Flexible Plus Mortgage Conditions 2010 or condition 43.3 of the Flexible Offset Mortgage Conditions 2010 or condition 35.3 of the 2012 Standard Mortgage Conditions or condition 44.3 of the 2012 Flexible Offset Mortgage Conditions or Condition 35.3 of the 2014 Mortgage Conditions or Condition 44.3 of the Flexible Offset Mortgage Conditions 2014 or Condition 35.3 of the 2015 Mortgage Conditions or Condition 43.3 of the Flexible Offset Mortgage Conditions 2015...
Scottish Trust Property means:
Scottish Trust Property has the meaning given thereto in each Scottish Declaration of Trust and, in relation to a Loan, includes the Scottish Mortgage and other related security securing that Loan including in each case all principal sums, interest, costs, expenses and other monies secured or intended to be secured by that Scottish Mortgage;
Scottish Trust Property means the Scottish Mortgage Loans and their Related Security and the Scottish Mortgages pertaining thereto, brief details of which are specified in a form agreed between the Seller and the Mortgages Trustee and stored by the Seller in a password protected file on a secure drive accessible upon request by the Mortgages Trustee (as supplemented from time to time by any Scottish Mortgage Loans and their Related Security and the Scottish Mortgages pertaining thereto brief details of which will be specified in such form agreed between the Seller and the Mortgages Trustee and stored by the Seller in a password protected file on a secure drive accessible upon request by the Mortgages Trustee in respect of any Scottish Trust Supplement executed on any Transfer Date or otherwise following the Closing Date) and all principal sums, including any further advances and retentions, present or future, interest and expenses comprised therein and secured thereby, together with: