Common use of Stabilisation Clause in Contracts

Stabilisation. The Underwriters or their affiliates may, to the extent permitted by applicable laws and regulations, engage in over-allotment transactions, stabilising transactions, syndicate covering transactions and penalty bids and otherwise effect transactions in the open market or otherwise in connection with the distribution of the Notes with a view to stabilising or maintaining the respective market prices of the Notes at levels other than those which might otherwise prevail in the open market. Such stabilising, if commenced, may be discontinued at any time. In doing so the Underwriters or their affiliates shall act as principal and in no circumstances shall the Current Issuer be obliged to issue more than (i) $1,120,400,000 in aggregate principal amount of the Series 1 Class A1 Notes, (ii) $1,322,800,000 in aggregate principal amount of the Series 1 Class A2 Notes, (iii) $40,300,000 in aggregate principal amount of the Series 1 Class B Notes, (iv) $33,200,000 in aggregate principal amount of the Series 1 Class M Notes, or (v) $73,500,000 in aggregate principal amount of the Series 1 Class C Notes.

Appears in 1 contract

Sources: Underwriting Agreement (Granite Mortgages 04-2 PLC)

Stabilisation. The Underwriters or their affiliates Underwriters, may, to the extent permitted by applicable laws and regulations, engage in over-allotment transactions, stabilising transactions, syndicate covering transactions and penalty bids and otherwise effect transactions in the open market or otherwise in connection with the distribution of the Notes with a view to stabilising or maintaining the respective market prices of the Notes at levels other than those which might otherwise prevail in the open market. Such stabilising, if commenced, may be discontinued at any time. In doing so the Underwriters or their affiliates shall act as principal and in no circumstances shall the Current Issuer be obliged to issue more than (i) $1,120,400,000 1,245,000,000 in aggregate principal amount of the Series 1 Class A1 Al Notes, (ii) $1,322,800,000 1,006,000,000 in aggregate principal amount of the Series 1 Class A2 Notes, (iii) $40,300,000 500,000,000 in aggregate principal amount of the Series 1 Class A3 Notes, (iv) $76,500,000 in aggregate principal amount of the Series 1 Class B Notes, (iv) $33,200,000 in aggregate principal amount of the Series 1 Class M Notes, or (v) $73,500,000 10,500,000 in aggregate principal amount of the Series 1 Class C Notes, (vi) [E]16,000,000 in aggregate principal amount of the Series 2 Class Cl Notes or (vii) [GBP]15,000,000 in aggregate principal amount of the Series 3 Class C Notes.

Appears in 1 contract

Sources: Underwriting Agreement (Granite Mortgages 03-2 PLC)

Stabilisation. The Underwriters or their affiliates may, to the extent permitted by applicable laws and regulations, engage in over-allotment transactions, stabilising transactions, syndicate covering transactions and penalty bids and otherwise effect transactions in the open market or otherwise in connection with the distribution of the Notes with a view to stabilising or maintaining the respective market prices of the Notes at levels other than those which might otherwise prevail in the open market. Such stabilising, if commenced, may be discontinued at any time. In doing so the Underwriters or their affiliates shall act as principal and in no circumstances shall the Current Issuer be obliged to issue more than (i) $1,120,400,000 1,185,000,000 in aggregate principal amount of the Series 1 Class A1 Notes, (ii) $1,322,800,000 1,185,000,000 in aggregate principal amount of the Series 1 Class A2 Notes, (iii) $40,300,000 52,000,000 in aggregate principal amount of the Series 1 Class B Notes, (iv) $33,200,000 72,000,000 in aggregate principal amount of the Series 1 Class M Notes, or (v) $73,500,000 108,000,000 in aggregate principal amount of the Series 1 Class C Notes, or (vi) $1,185,000,000 in aggregate principal amount of the Series 2 Class A1 Notes.

Appears in 1 contract

Sources: Underwriting Agreement (Granite Mortgages 04-1 PLC)

Stabilisation. The Underwriters or their affiliates may, to the extent permitted by applicable laws and regulations, engage in over-allotment transactions, stabilising transactions, syndicate covering transactions and penalty bids and otherwise effect transactions in the open market or otherwise in connection with the distribution of the Notes with a view to stabilising or maintaining the respective market prices of the Notes at levels other than those which might otherwise prevail in the open market. Such stabilising, if commenced, may be discontinued at any time. In doing so the Underwriters or their affiliates shall act as principal and in no circumstances shall the Current Issuer be obliged to issue more than (i) $1,120,400,000 1,000,000,000 in aggregate principal amount of the Series 1 Class A1 Notes, (ii) $1,322,800,000 1,271,750,000 in aggregate principal amount of the Series 1 Class A2 A3 Notes, (iii) $40,300,000 60,350,000 in aggregate principal amount of the Series 1 Class B Notes, (iv) $33,200,000 31,950,000 in aggregate principal amount of the Series 1 Class M Notes, or (v) $73,500,000 63,900,000 in aggregate principal amount of the Series 1 Class C Notes or (vi) $727,250,000 in aggregate principal amount of the Series 2 Class A1 Notes.

Appears in 1 contract

Sources: Underwriting Agreement (Granite Mortgages 04-3 PLC)

Stabilisation. The Underwriters or their affiliates may, to the extent permitted by applicable laws and regulations, engage in over-allotment transactions, stabilising transactions, syndicate covering transactions and penalty bids and otherwise effect transactions in the open market or otherwise in connection with the distribution of the Notes with a view to stabilising or maintaining the respective market prices of the Notes at levels other than those which might otherwise prevail in the open market. Such stabilising, if commenced, may be discontinued at any time. In doing so the Underwriters or their affiliates shall act as principal and in no circumstances shall the Current Issuer be obliged to issue more than (i) $1,120,400,000 [1,000,000,000] in aggregate principal amount of the Series 1 Class A1 Notes, (ii) $1,322,800,000 [920,000,000] in aggregate principal amount of the Series 1 Class A2 Notes, (iii) $40,300,000 [60,000,000] in aggregate principal amount of the Series 1 Class B Notes, (iv) $33,200,000 [50,000,000] in aggregate principal amount of the Series 1 Class M Notes, or (v) $73,500,000 [60,000,000] in aggregate principal amount of the Series 1 Class C Notes, or (vi) $[900,000,000] in aggregate principal amount of the Series 2 Class A1 Notes.

Appears in 1 contract

Sources: Underwriting Agreement (Granite Mortgages 04-1 PLC)

Stabilisation. The Underwriters or their affiliates Underwriters, may, to the extent permitted by applicable laws and regulations, engage in over-allotment transactions, stabilising transactions, syndicate covering transactions and penalty bids and otherwise effect transactions in the open market or otherwise in connection with the distribution of the Notes with a view to stabilising or maintaining the respective market prices of the Notes at levels other than those which might otherwise prevail in the open market. Such stabilising, if commenced, may be discontinued at any time. In doing so the Underwriters or their affiliates shall act as principal and in no circumstances shall the Current Issuer be obliged to issue more than (i) $1,120,400,000 650,000,000 in aggregate principal amount of the Series 1 Class A1 Notes, (ii) $1,322,800,000 1,150,000,000 in aggregate principal amount of the Series 1 Class A2 Notes, (iii) $40,300,000 60,000,000 in aggregate principal amount of the Series 1 Class B Notes, or (iv) $33,200,000 in aggregate principal amount of the Series 1 Class M Notes, or (v) $73,500,000 88,000,000 in aggregate principal amount of the Series 1 Class C Notes.

Appears in 1 contract

Sources: Underwriting Agreement (Granite Mortgages 02-2 PLC)

Stabilisation. The Underwriters or their affiliates may, to the extent permitted by applicable laws and regulations, engage in over-allotment transactions, stabilising transactions, syndicate covering transactions and penalty bids and otherwise effect transactions in the open market or otherwise in connection with the distribution of the Dollar Notes with a view to stabilising or maintaining the respective market prices of the Dollar Notes at levels other than those which might otherwise prevail in the open market. Such stabilising, if commenced, may be discontinued at any time. In doing so the Underwriters or their affiliates shall act as principal and in no circumstances shall the Current Issuer be obliged to issue more than (i) $1,120,400,000 981,400,000 in aggregate principal amount of the Series 1 Class A1 Notes, (ii) $1,322,800,000 1,248,100,000 in aggregate principal amount of the Series 1 Class A2 A3 Notes, (iii) $40,300,000 59,200,000 in aggregate principal amount of the Series 1 Class B Notes, (iv) $33,200,000 31,400,000 in aggregate principal amount of the Series 1 Class M Notes, or (v) $73,500,000 62,700,000 in aggregate principal amount of the Series 1 Class C Notes or (vi) $713,700,000 in aggregate principal amount of the Series 2 Class A1 Notes.

Appears in 1 contract

Sources: Underwriting Agreement (Granite Finance Trustees LTD)