Common use of Covenant to Repay Clause in Contracts

Covenant to Repay. 4.1 The Master Issuer covenants with the Note Trustee that it will, in accordance with these presents, on the due date for the final maturity of each Series and Class of the Series 2007-2 Notes, or on such earlier date as the same or any part thereof may become due and repayable thereunder, in accordance with the Issuer Conditions, pay or procure to be paid unconditionally to or to the order of the Note Trustee in the Specified Currency, in immediately available funds or same day funds, as applicable, the principal amount of such Series and Class of the Series 2007-2 Notes, repayable on that date. The Master Issuer shall in the meantime and until all such payments (both before and after any judgment or other order of a court of competent jurisdiction) are duly made (subject to the provisions of the Issuer Conditions), pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid, interest (which shall accrue from day to day) on the Principal Amount Outstanding of such Series and Class of the Series 2007-2 Notes, at rates and/or in amounts set out in or (as the case may be) calculated from time to time in accordance with, or specified in, and on the dates provided for in the Issuer Conditions (subject to Clause 2.6 (Interest following Default) of the Principal Issuer Trust Deed), provided that;

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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Covenant to Repay. 4.1 The Master Issuer covenants with the Note Trustee that it will, in accordance with these presents, on the due date for the final maturity of each Series and Class of the Series 20072006-2 3 Notes, or on such earlier date as the same or any part thereof may become due and repayable thereunder, in accordance with the Issuer Conditions, pay or procure to be paid unconditionally to or to the order of the Note Trustee in the Specified Currency, in immediately available funds or same day funds, as applicable, the principal amount of such Series and Class of the Series 20072006-2 3 Notes, repayable on that date. The Master Issuer shall in the meantime and until all such payments (both before and after any judgment or other order of a court of competent jurisdiction) are duly made (subject to the provisions of the Issuer Conditions), pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid, interest (which shall accrue from day to day) on the Principal Amount Outstanding of such Series and Class of the Series 20072006-2 3 Notes, at rates and/or in amounts set out in or (as the case may be) calculated from time to time in accordance with, or specified in, and on the dates provided for in the Issuer Conditions (subject to Clause 2.6 (Interest following Default) of the Principal Issuer Trust Deed), provided that;

Appears in 1 contract

Samples: Granite Finance Trustees LTD

Covenant to Repay. 4.1 The Master Issuer covenants with the Note Trustee that it will, in accordance with these presents, on the due date for the final maturity of each Series and Class of the Series 2007-2 1 Notes, or on such earlier date as the same or any part thereof may become due and repayable thereunder, in accordance with the Issuer Conditions, pay or procure to be paid unconditionally to or to the order of the Note Trustee in the Specified Currency, in immediately available funds or same day funds, as applicable, the principal amount of such Series and Class of the Series 2007-2 1 Notes, repayable on that date. The Master Issuer shall in the meantime and until all such payments (both before and after any judgment or other order of a court of competent jurisdiction) are duly made (subject to the provisions of the Issuer Conditions), pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid, interest (which shall accrue from day to day) on the Principal Amount Outstanding of such Series and Class of the Series 2007-2 1 Notes, at rates and/or in amounts set out in or (as the case may be) calculated from time to time in accordance with, or specified in, and on the dates provided for in the Issuer Conditions (subject to Clause 2.6 (Interest following Default) of the Principal Issuer Trust Deed), provided that;

Appears in 1 contract

Samples: Granite Finance Funding 2 LTD

Covenant to Repay. 4.1 The Master Issuer covenants with the Note Trustee that it will, in accordance with these presents, on the due date for the final maturity of each Series and Class of the Series 20072006-2 Notes, or on such earlier date as the same or any part thereof may become due and repayable thereunder, in accordance with the Issuer Conditions, pay or procure to be paid unconditionally to or to the order of the Note Trustee in the Specified Currency, in immediately available funds or same day funds, as applicable, the principal amount of such Series and Class of the Series 20072006-2 Notes, repayable on that date. The Master Issuer shall in the meantime and until all such payments (both before and after any judgment or other order of a court of competent jurisdiction) are duly made (subject to the provisions of the Issuer Conditions), pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid, interest (which shall accrue from day to day) on the Principal Amount Outstanding of such Series and Class of the Series 20072006-2 Notes, at rates and/or in amounts set out in or (as the case may be) calculated from time to time in accordance with, or specified in, and on the dates provided for in the Issuer Conditions (subject to Clause 2.6 (Interest following Default) of the Principal Issuer Trust Deed), provided that;

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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Covenant to Repay. 4.1 The Master Issuer covenants with the Note Trustee that it will, in accordance with these presents, on the due date for the final maturity of each Series and Class of the Series 20072006-2 4 Notes, or on such earlier date as the same or any part thereof may become due and repayable thereunder, in accordance with the Issuer Conditions, pay or procure to be paid unconditionally to or to the order of the Note Trustee in the Specified Currency, in immediately available funds or same day funds, as applicable, the principal amount of such Series and Class of the Series 20072006-2 4 Notes, repayable on that date. The Master Issuer shall in the meantime and until all such payments (both before and after any judgment or other order of a court of competent jurisdiction) are duly made (subject to the provisions of the Issuer Conditions), pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid, interest (which shall accrue from day to day) on the Principal Amount Outstanding of such Series and Class of the Series 20072006-2 4 Notes, at rates and/or in amounts set out in or (as the case may be) calculated from time to time in accordance with, or specified in, and on the dates provided for in the Issuer Conditions (subject to Clause 2.6 (Interest following Default) of the Principal Issuer Trust Deed), provided that;

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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