Seller Power of Attorney definition

Seller Power of Attorney means the power of attorney provided by the Seller pursuant to the Mortgage Sale Agreement;

Seller Power of Attorney means the power of attorney granted by the Seller in favour of the Issuer and the Security Trustee on the Closing Date substantially in the form set out in Schedule 3 (Seller Power of Attorney) to the Mortgage Sale Agreement; Senior Expenses Deficit shall be, on any Interest Payment Date, an amount equal to any shortfall in Available Revenue Receipts and any General Reserve Fund Release Amounts (and prior to the application of Available Redemption Receipts) to pay items (a) to (f) of the Pre-Enforcement Revenue Priority of Payments on such Interest Payment Date, as determined by the Cash Manager on the immediately preceding Calculation Date; Servicer means Charter Court Financial Services Limited, a private limited company incorporated under the laws of England and Wales, with registered number 06749498, whose registered office is at 0 Xxxxxxx Xxxxx, Xxxxxxxxxx, Xxxxxxxxxxxxx, XX00 0XX, or such other person as may from time to time be appointed as servicer of the Loans pursuant to the Servicing Agreement;

Seller Power of Attorney means, collectively, a cover letter and power of attorney executed by Seller, which is satisfactory to Purchaser in all respects.

Examples of Seller Power of Attorney in a sentence

• The Seller further undertakes to the Issuer and the Security Trustee that it will provide (and will procure that any successor, transferee or assignee provides), if required by the Issuer or the Security Trustee, a further power of attorney substantially in the form set out in Schedule 3 (Seller Power of Attorney) including, for the avoidance of doubt, following any property transfer pursuant to the terms of the Banking Xxx 0000.

• The Seller undertakes if so required by the Mortgages Trustee to ratify any action properly taken by the Mortgages Trustee or any person so nominated pursuant to the terms of this Clause 5.6 or the Seller Power of Attorney.

• However, provided that the Covered Bond Programme is registered, a moratorium in respect of the Seller would not prevent the Covered Bond Guarantor from acting as the Seller's attorney under the Seller Power of Attorney for the purposes of transferring the legal title to the Mortgages to the Covered Bond Guarantor.

• For such purposes, the Seller will grant to the Issuer, the Seller Power of Attorney.

• DLL as Seller will, however, undertake for the benefit of the Issuer that DLL will lend its name to, and take such other steps as may be required by the Issuer or the Issuer Security Trustee inrelation to any action in respect of the Purchased Receivables and DLL grants the Issuer a power of attorney in this regard (the "Seller Power of Attorney").

More Definitions of Seller Power of Attorney

Seller Power of Attorney means the power of attorney granted by the Seller in favour of Funding, the Mortgages Trustee and the Security Trustee on the Initial Closing Date, substantially in the form set out in SCHEDULE 5 to the Mortgage Sale Agreement;

Seller Power of Attorney means the power of attorney granted by the Seller in favour of the Issuer and the Security Trustee on the Closing Date substantially in the form set out in Schedule 3 (Seller Power of Attorney) to the Mortgage Sale Agreement; Seller Standard Variable Rate means the relevant standard variable rate set by the Seller in relation to applicable Standard Variable Rate Loans (other than Fixed Rate Loans) beneficially owned by the Seller outside the Portfolio; Seller's Policy means the originating, underwriting, administration, arrears and enforcement policy for repayment of the Loans and their Related Security which are beneficially owned solely by the Seller and applied by the Seller from time to time to such Loans and their Related Security; Servicer means the YBS or such other person as may from time to time be appointed as servicer of the relevant Loans in the Portfolio pursuant to the Servicing Agreement;

Seller Power of Attorney means the power of attorney granted by the English Seller in favour of the Purchaser on the Signing Date substantially in the form set out in schedule 7 (Form of the English Seller Power of Attorney) of this Agreement; and "Signing Date" means the date of this Agreement.

Seller Power of Attorney means the power of attorney executed by the Seller pursuant to the terms of the Mortgage Sale Agreement;

Seller Power of Attorney means the power of attorney granted by the Seller in favour of the Issuer and the Security Trustee on the Closing Date substantially in the form set out in Schedule 3 (Seller Power of Attorney) to the Mortgage Sale Agreement; Senior Expenses Deficit shall be, on any Interest Payment Date, an amount equal to any shortfall in Available Revenue Receipts and any General Reserve Fund Release Amounts (and prior to the application of Available Redemption Receipts) to pay items (a) to (f) of the Pre-Enforcement Revenue Priority of Payments on such Interest Payment Date, as determined by the Cash Manager on the immediately preceding Calculation Date; Servicer means OneSavings Bank Plc, a private limited company incorporated under the laws of England and Wales, with registered number 07312896, whose registered office is at Reliance House, Sun Pier, Xxxxxxx, Xxxx, ME4 4ET, or such other person as may from time to time be appointed as servicer of the Loans pursuant to the Servicing Agreement;

Seller Power of Attorney shall have the meaning set forth in Section 4.2(a).

Seller Power of Attorney means, as the context requires, (a) the power of attorney granted by the Seller in favour of Funding 1, the Mortgages Trustee and the Funding 1 Security Trustee on the Initial Closing Date and on the Fourth Issuer Closing Date substantially in the form set out in Schedule 5 to the Mortgage Sale Agreement and (b) the power of attorney granted by the Seller in favour of Funding