Common use of Application by Receiver Clause in Contracts

Application by Receiver. Save so far as otherwise directed by the Issuer Security Trustee, all monies from time to time received by such Receiver shall be paid over to the Issuer Security Trustee to be held by it on the trusts declared under this Deed and to be distributed in accordance with Clause 7.3 (Issuer Post-Enforcement Priority of Payments).

Appears in 2 contracts

Sources: Issuer Deed of Charge (Granite Finance Trustees LTD), Issuer Deed of Charge (Granite Finance Funding 2 LTD)

Application by Receiver. Save so far as otherwise directed by the Issuer Security Trustee, all monies from time to time received by such Receiver shall be paid over to the Issuer Security Trustee to be held by it on the trusts declared under this Deed and to be distributed in accordance with Clause 7.3 8.3 (Issuer Post-Enforcement Priority of Payments).

Appears in 1 contract

Sources: Issuer Deed of Charge (Granite Finance Trustees LTD)