Common use of Enforcement Revenue Priority of Payments Clause in Contracts

Enforcement Revenue Priority of Payments. The Current Issuer Cash Manager shall thereafter record as a debit on the Current Issuer Revenue Ledger the application by the Current Issuer of any excess Current Issuer Available Revenue Receipts to extinguish any balance on a Current Issuer Principal Deficiency Sub Ledger.

Appears in 8 contracts

Samples: Issuer Cash Management Agreement (Granite Mortgages 03-1 PLC), Management Agreement (Granite Mortgages 04-1 PLC), Management Agreement (Granite Mortgages 04-2 PLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.