Common use of Application of Monies Clause in Contracts

Application of Monies. Each Issuer hereby agrees to apply any amounts received by way of prepayment pursuant to Clause 8.1 (Prepayment for taxation or other reasons) or Clause 8.2 (Prepayment at option of Issuer) in making prepayments under the relevant Notes issued by such Issuer.

Appears in 6 contracts

Samples: Intercompany Loan Agreement (Granite Mortgages 02-2 PLC), Intercompany Loan Agreement (Granite Mortgages 04-3 PLC), Intercompany Loan Agreement (Granite Mortgages 04-1 PLC)

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Application of Monies. Each The Issuer hereby agrees to apply any amounts received by way of prepayment pursuant to Clause Clauses 7.1 (Repayment on Interest Payment Dates) and 8.1 (Prepayment for taxation or other reasons) or Clause 8.2 (Prepayment at option of Issuer) in making prepayments under the relevant Notes issued by such IssuerNotes.

Appears in 2 contracts

Samples: Agreement (HOLMES FINANCING (No. 9) PLC), Agreement (HOLMES FINANCING (No. 9) PLC)

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Application of Monies. Each The Issuer hereby agrees to apply any amounts received by way of prepayment pursuant to Clause Clauses 7.1 (Repayment on Funding 1 Interest Payment Dates) and 8.1 (Prepayment for taxation or other reasons) or Clause 8.2 (Prepayment at option of Issuer) in making prepayments under the relevant Notes issued by such IssuerNotes.

Appears in 1 contract

Samples: Agreement (Permanent Mortgages Trustee LTD)

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