Mortgage Sale Agreement definition

Mortgage Sale Agreement means the mortgage sale agreement entered into on or about the Initial Closing Date among the Seller, the Mortgages Trustee, Funding and the Security Trustee in relation to the assignment from time to time of the Mortgage Portfolio to the Mortgages Trustee as may be amended, restated, novated, varied or supplemented from time to time and shall include any additional and/or replacement mortgage sale agreement entered into by such parties from time to time in accordance with the Transaction Documents;

Mortgage Sale Agreement means the mortgage sale agreement entered into on the Programme Date by and among the Seller, the Guarantor and the Bond Trustee (as amended and/or restated and/or supplemented from time to time);

Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008, 23 June 2014, 24 April 2018, 18 April 2020, 16 June 2020 and as further amended and restated on 30 April 2021 made between Santander UK plc (1) Abbey Covered Bonds LLP (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties).

Examples of Mortgage Sale Agreement in a sentence

• An amount equal to the Current Balance of the Mortgage Loans to be repurchased plus accrued and unpaid interest of the Mortgage Loans to be repurchased as of the date of completion of the repurchase plus relevant expenses in accordance with the Mortgage Sale Agreement.

• See the section entitled "Sale of the Mortgage Portfolio under the Mortgage Sale Agreement – Warranties, Repurchase and Indemnification" for further information.

• The Issuer will be entitled to apply amounts (if any) standing to the credit of the Pre-Funding Principal Reserve and the Pre-Funding Revenue Reserve in purchasing Additional Mortgage Loans at any time during the Pre-Funding Availability Period if and to the extent that the Issuer is permitted to do so by, and in accordance with, the Mortgage Sale Agreement and the Servicing Agreement.

• See the section entitled "Sale of the Mortgage Portfolio under the Mortgage Sale Agreement" for further information.

• Non-indexed figures used.The Mortgage Portfolio will consist of the Mortgage Loans and the Related Security which will be sold by the Seller to the Issuer on the Closing Date and on any date during the Pre-Funding Availability Period pursuant to the Mortgage Sale Agreement.

More Definitions of Mortgage Sale Agreement

Mortgage Sale Agreement means, the mortgage sale agreement entered into on the Programme Establishment Date, and most recently amended and restated as of June 24, 2013, by and among the Seller, the Guarantor LP and the Bond Trustee, as the same may be amended, varied, supplemented, restated or extended from time to time;

Mortgage Sale Agreement means the agreement dated on or about the date of this Trust Deed between the Sellers, the Administrators, the Issuer and the Trustee, whereby the Issuer acquired or is to acquire the Mortgages, as from time to time supplemented or modified.

Mortgage Sale Agreement means the mortgage sale agreement dated on or about the date of this Agreement between the Sellers, the Administrators, the Issuer and the Trustee in relation to the sale and purchase of the Mortgages;

Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008, 23 June 2014, 24 April 2018, 18 April 2019, 16 June 2020 and 30 April 2021, made between the Seller, the LLP and the Security Trustee (as the same may be amended, restated, supplemented, replaced or novated from time to time) and, where the context so requires, including any New Mortgage Sale Agreement entered into from time to time between any New Seller, the LLP and the Security Trustee;

Mortgage Sale Agreement means the mortgage sale agreement dated September 30, 2013 made between the Seller, the Guarantor, and the Bond Trustee (as the same may be or have been amended, restated or supplemented from time to time with the consent of those parties).

Mortgage Sale Agreement means the mortgage sale agreement dated on or about the Closing Date and made between the Seller, the Issuer, the Security Trustee and the Servicer in relation to the sale of the Loans to the Issuer; Mortgaged Property has the same meaning as Property; Mortgagee means the person for the time being entitled to exercise the rights of the mortgagee under a Mortgage or (in Scotland) heritable creditor under a Mortgage; Nationwide House Price Index means the index of increases or decreases in house prices issued by Nationwide Building Society in relation to residential properties in the United Kingdom;

Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008, 23 June 2014, 24 April 2018 and as further amended and restated on 18 April 2019 made between Santander UK plc (1) the LLP (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties). Save where the context otherwise requires, words and expressions in this Selected Loan Offer Notice shall have the same meanings respectively as when used in the Mortgage Sale Agreement. In accordance with and subject to Clause 9 of the Mortgage Sale Agreement we make an offer to you on the following terms: