Common use of No Replacement Clause in Contracts

No Replacement. Neither the Seller nor Funding shall at any time remove or purport to remove and/or replace the Mortgages Trustee as the trustee of the Mortgages Trust.

Appears in 8 contracts

Sources: Mortgages Trust Deed (Granite Mortgages 02-2 PLC), Mortgages Trust Deed (Granite Mortgages 03-3 PLC), Mortgages Trust Deed (Granite Mortgages 03-1 PLC)

No Replacement. Neither the Seller nor Funding 1 shall at any time remove or purport to remove and/or replace the Mortgages Trustee as the trustee of the Mortgages Trust.

Appears in 5 contracts

Sources: Mortgages Trust Deed (Permanent Financing (No. 5) PLC), Mortgages Trust Deed (Permanent Financing (No. 6) PLC), Mortgages Trust Deed (Permanent Mortgages Trustee LTD)