Common use of Application of Moneys Clause in Contracts

Application of Moneys. All moneys received by the Note Trustee in respect of the Current Issuer Notes or amounts payable under these presents will (including any moneys which represent principal or interest in respect of Current Issuer Notes which have become void under the Current Issuer Conditions) be held by the Note Trustee on trust to apply them (subject to Clause 8.3 (Authorised Investments)) in accordance with the Current Issuer Priority of Payments.

Appears in 17 contracts

Samples: Granite Mortgages 03-3 PLC, Granite Mortgages 03-2 PLC, Granite Mortgages 02-2 PLC

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Application of Moneys. All moneys received by the Note Trustee in respect of the Current any Series and Class of Issuer Notes or amounts payable under these presents will (including any moneys which represent principal or interest in respect of Current any Series and Class of Issuer Notes which have become void under the Current Issuer ConditionsConditions and the relevant Pricing Supplement) be held by the Note Trustee on trust to apply them (subject to Clause 8.3 (Authorised Investments)) in accordance with the Current Issuer Priority of Payments.

Appears in 1 contract

Samples: Granite Finance Funding 2 LTD

Application of Moneys. All moneys received by the Note Trustee in respect of the Current any Series and Class of Issuer Notes or amounts payable under these presents will (including any moneys which represent principal or interest in respect of Current any Series and Class of Issuer Notes which have become void under the Current Issuer ConditionsConditions and the relevant Note Supplement) be held by the Note Trustee on trust to apply them (subject to Clause 8.3 (Authorised Investments)) in accordance with the Current Issuer Priority of Payments.

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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Application of Moneys. All moneys received by the Note Trustee in respect of the Current any Series and Class of Issuer Notes or amounts payable under these presents will (including any moneys which represent principal or interest in respect of Current any Series and Class of Issuer Notes which have become void under the Current Issuer ConditionsConditions and the relevant Pricing Supplement or, after 1 July 2005, Final Terms) be held by the Note Trustee on trust to apply them (subject to Clause 8.3 (Authorised Investments)) in accordance with the Current Issuer Priority of Payments.

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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