Common use of EARLY TERMINATION OF THE MORTGAGES TRUST Clause in Contracts

EARLY TERMINATION OF THE MORTGAGES TRUST. Prior to its termination in accordance with Clause 26 (Termination), provided that all amounts due from Funding to the Funding Secured Creditors have been repaid in full, the Mortgages Trust constituted by this Deed may be terminated at the option of the Seller, following a request in writing by the Seller to the Mortgages Trustee (which shall be copied to Funding and the Cash Manager) at any time on or after the date on which all of the Intercompany Loans have been repaid in full or there is no further claim under any Intercompany Loan and/or the Funding Share of the Trust Property is reduced to zero or such other date as may be agreed in writing between the Mortgages Trustee, Funding and the Seller.

EARLY TERMINATION OF THE MORTGAGES TRUST. Prior to its termination in accordance with Clause 26 (Termination), provided that all amounts due from Funding to the Funding Secured Creditors have been repaid in full, the Mortgages Trust constituted by this Deed may be terminated at the option of the Seller, following a request in writing by the Seller to the Mortgages Trustee (which shall be copied to Funding and the Cash Manager) at any time on or after the date on which all of the Intercompany Loans have been repaid in full or there is no further claim under any Intercompany Loan and/or and the Funding Share of the Trust Property is has been reduced to zero or such other date as may be agreed in writing between the Mortgages Trustee, Funding and the Seller.