Common use of SUPPLEMENT TO TRUSTEE ACTS Clause in Contracts

SUPPLEMENT TO TRUSTEE ACTS. It is hereby agreed that Clause 10 (Supplement to Trustee Acts) of the Current Issuer Trust Deed shall be incorporated in and shall apply, mutatis mutandis, to this Current Issuer Deed of Charge (and for that purpose references therein to "these presents" or to "this Deed" shall be construed as references to this Current Issuer Deed of Charge) provided that for the purposes of Clause 10.3(q) of the Current Issuer Trust Deed at any time after the redemption in full of the Current Issuer Notes, the Note Trustee shall have regard to the interests of the Current Issuer Secured Creditor which ranks next highest under the Current Issuer Post-Enforcement Priority of Payment.

Appears in 15 contracts

Samples: Granite Mortgages 04-1 PLC, Granite Finance Trustees LTD, Granite Mortgages 04-2 PLC

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SUPPLEMENT TO TRUSTEE ACTS. It is hereby agreed that Clause 10 (Supplement to Trustee Acts) of the Current Issuer Trust Deed shall be incorporated in and shall apply, mutatis mutandis, to this Current Issuer Deed of Charge (and for that purpose references therein to "these presents" or to "this Deed" shall be construed as references to this Current Issuer Deed of Charge) provided that for the purposes of Clause 10.3(qparagraph (n) of the Current Issuer Trust Deed therein at any time after the redemption in full of the Current Issuer Notes, the Note Trustee shall have regard to the interests of the Current Issuer Secured Creditor which ranks next highest under the Current Issuer Post-Enforcement Priority of Payment.

Appears in 1 contract

Samples: Granite Mortgages 02-2 PLC

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