Common use of No Further Assignment Clause in Contracts

No Further Assignment. The Seller and the Mortgages Trustee agree that the Seller may not sell and assign any New Mortgage Portfolio after the Step-up Date in respect of the Notes of any Issuer if the option to redeem any such Notes on the related Step-up Date pursuant to Condition 5(D) of those Notes is not exercised.

Appears in 4 contracts

Samples: Mortgage Sale Agreement (Granite Finance Funding LTD), Mortgage Sale Agreement (Granite Mortgages 03-1 PLC), Mortgage Sale Agreement (Granite Mortgages 04-2 PLC)

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No Further Assignment. The Seller and the Mortgages Trustee agree that the Seller may not sell and assign any New Mortgage Portfolio after the Step-up Date in respect of the Notes of any Issuer if the option to redeem any such Notes on the related Step-up Date pursuant to Condition 5(D) of those Notes is not exercised.

Appears in 4 contracts

Samples: Mortgage Sale Agreement (Granite Mortgages 03-2 PLC), Mortgage Sale Agreement (Granite Mortgages 02-1 PLC), Mortgage Sale Agreement (Granite Mortgages 03-1 PLC)

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No Further Assignment. The Seller and the Mortgages Trustee agree that the Seller may not sell and assign any New Mortgage Portfolio after the Step-up Payment Date falling in respect of the Notes of any Issuer January 2008 if the option to redeem any such the First Issuer Notes on the related Step-up Payment Date in January 2008 pursuant to Condition 5(D) of those Notes is not exercised.

Appears in 2 contracts

Samples: Mortgage Sale Agreement (Granite Mortgages 02-2 PLC), Mortgage Sale Agreement (Granite Mortgages 03-1 PLC)

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