BROKEN PERIODS. Funding 2 shall forthwith on demand indemnify the Master Issuer against any loss or liability that the Master Issuer incurs as a consequence of any payment of principal being received from any source otherwise than on a Funding 2 Interest Payment Date or an overdue amount being received otherwise than on its due date.
Appears in 4 contracts
Samples: Master Intercompany Loan Agreement (Permanent Master Issuer PLC), Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD), Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD)
BROKEN PERIODS. Funding 2 shall forthwith on demand indemnify the Master Issuer against any loss or liability that the Master Issuer incurs as a consequence of any payment of principal for a Loan Tranche being received from any source otherwise than on a Funding 2 Interest Loan Payment Date for such Loan Tranche or an overdue amount being received otherwise than on its due date.
Appears in 2 contracts
Samples: Granite Master Issuer PLC, Intercompany Loan Agreement (Granite Finance Trustees LTD)
