Initial Seller Share definition

Initial Seller Share means the share of the Seller in the Trust Property on the Initial Closing Date being an amount equal to approximately (GBP)232,000,000;
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Initial Seller Share means the share of the Seller in the Trust Property on the Initial Closing Date being an amount equal to approximately {pound-sterling}232,000,000;
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Initial Seller Share. The "Initial Seller Share" of the Trust Property shall be the sum which remains of the Trust Property after deduction of the Initial Funding Share. The Initial Seller Share of the Trust Property will be (GBP)13.39 at the date of this Deed and (GBP)232,000,000 at the Initial Closing Date and the "Initial Seller Share Percentage" shall be equal to 100 per cent. minus the Initial Funding Share Percentage, that is to say, 13.39 per cent. The amount of the Initial Seller Share and the Initial Seller Share Percentage on the Initial Closing will be determined immediately after the Initial Closing Date. References herein to the "Seller Share" shall mean, prior to the first Distribution Date, the Initial Seller Share and thereafter shall mean the Current Seller Share (as defined below).
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Examples of Initial Seller Share in a sentence

  • The "Initial Seller Share" of the Trust Property shall be the sum which remains of the Trust Property after deduction of the Initial Funding Share.

  • The Initial Seller Share of the Trust Property was the total amount of the Trust Property minus the Initial Funding 1 Share as at 13th June, 2002.

  • On 13th June, 2002 the Share Trustee of the Mortgages Trustee settled on trust the Initial Trust Property to be held on trust absolutely as to both capital and income by the Mortgages Trustee for the benefit, as tenants in common, of the Seller as to the Initial Seller Share Percentage and Funding 1 as to the Initial Funding 1 Share Percentage.

  • References herein to the "SELLER SHARE" shall mean, prior to the first Distribution Date, the Initial Seller Share and thereafter shall mean the Current Seller Share (as defined below).

  • The amount of the Initial Seller Share and the Initial Seller Share Percentage on the Initial Closing will be determined immediately after the Initial Closing Date.

  • The amount of the Initial Seller Share and the Initial Seller Share Percentage on the Initial Closing was determined immediately after the Initial Closing Date.

  • The Initial Seller Share of the Trust Property will be {pound-sterling}13.39 at the date of this Deed and {pound-sterling}232,000,000 at the Initial Closing Date and the "INITIAL SELLER SHARE PERCENTAGE" shall be equal to 100 per cent.

  • The Mortgages Trustee hereby declares itself as trustee of the Trust Property, being, upon execution of this Deed, the sum of {pound-sterling}100 (one hundred pounds) (the "INITIAL TRUST PROPERTY") which sum shall be held on trust by the Mortgages Trustee absolutely as to both capital and income for the benefit, as tenants in common, of the Seller as to the Initial Seller Share Percentage and Funding as to the Initial Funding Share Percentage.

  • As at the Initial Closing Date, the Initial Seller Share was {pound-sterling}6,500,000,065 and the Initial Seller Share Percentage was equal to 100 per cent.

  • The amount of the Initial Seller Share and the Initial Seller Share Percentage on the Initial Closing Date will be determined immediately after the Initial Closing Date.


More Definitions of Initial Seller Share

Initial Seller Share means the share of the Seller in the Trust Property on the Initial Closing Date being an amount equivalent to (pound)[4,143,214,202.63];
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Initial Seller Share means the share of the Seller in the Trust Property on the Initial Closing Date being an amount equal to Pound Sterling 6,500,000,065;
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