The Advance. The Current Issuer Start-Up Loan Provider grants to Funding simultaneously with the issue by the Current Issuer of the Current Issuer Notes (and upon the simultaneous issuance by the Current Issuer to Funding of the Current Issuer Intercompany Loan) and upon the terms and subject to the conditions hereof, a loan in an aggregate amount of (pound)23,909,355 (twenty three million nine hundred and nine thousand three hundred and fifty five pounds) (the "ADVANCE") on the Closing Date for the purposes of providing for the partial funding of the Issuer Reserve Fund and providing for Funding's costs and expenses in respect of the acquisition of the Funding Share of the Additional Trust Property and in respect of amounts payable to the Current Issuer by Funding as fees under the Current Issuer Intercompany Loan. The Advance shall be paid into the Funding Transaction Account.
Appears in 1 contract
Sources: Start Up Loan Agreement (Granite Mortgages 02-2 PLC)
The Advance. The Current Issuer Start-Up Loan Provider grants to Funding simultaneously with the issue by the Current Issuer of the Current Issuer Notes (and upon the simultaneous issuance by the Current Issuer to Funding of the Current Issuer Intercompany Loan) and upon the terms and subject to the conditions hereof, a loan in an aggregate amount of {pound-sterling}27,130,000 (pound)23,909,355 (twenty three million nine hundred Twenty Seven Million One Hundred and nine thousand three hundred and fifty five poundsThirty Thousand) (the "ADVANCE") on the Closing Date for the purposes of providing for the partial funding of the Issuer Reserve Fund and providing for Funding's costs and expenses in respect of the acquisition of the Funding Share of the Additional Trust Property and in respect of amounts payable to the Current Issuer by Funding as fees under the Current Issuer Intercompany Loan. The Advance shall be paid into the Funding Transaction Account.
Appears in 1 contract
Sources: Start Up Loan Agreement (Granite Mortgages 03-1 PLC)
The Advance. The Current Issuer Start-Up Loan Provider grants to Funding simultaneously with the issue by the Current Issuer of the Current Issuer Notes (and upon the simultaneous issuance by the Current Issuer to Funding of the Current Issuer Intercompany Loan) and upon the terms and subject to the conditions hereof, a loan in an aggregate amount of {pound-sterling}22,625,000 (pound)23,909,355 (twenty three million nine hundred Twenty Two Million Six Hundred and nine thousand three hundred and fifty five poundsTwenty Five Thousand) (the "ADVANCE") on the Closing Date for the purposes of providing for the partial funding of the Issuer Reserve Fund and providing for Funding's costs and expenses in respect of the acquisition increase of the Funding Share of the Additional Trust Property and in respect of amounts payable to the Current Issuer by Funding as fees under the Current Issuer Intercompany Loan. The Advance shall be paid into the Funding Transaction Account.
Appears in 1 contract
Sources: Start Up Loan Agreement (Granite Mortgages 03-2 PLC)