Mortgages Trustee GIC Account definition

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee (sort code 30/16/63, account number 27034016) held at the Account Bank and maintained subject to the terms of Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement or such additional or replacement bank account of the Mortgages Trustee as may for the time being be in place with the prior consent of the Security Trustee which is subject to a Guaranteed Investment Contract;

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee (sort code 30/16/63, account number 27034016) held at Lloyds TSB plc, Jersey International Branch, 4 Xxxx Xxreet, St Helier, Jersey JE4 8ZE, Channel Islands and maxxxxxxxx xxxxxxx xx xxx xxxxx xx Xxxxxxxes Trustee Guaranteed Investment Contract and the Bank Account Agreement and such additional or replacement bank accounts of the Mortgages Trustee as may for the time being be in place with the prior consent of the Security Trustee including, on and after 26 May 2004, the account in the name of the Mortgages Trustee (sort code 30-00-59, account number 00000000, reference 1322000) held at Northern Rock;

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee (sort code 30-00-59, account number 00000000, reference 1322000) held at Northern Rock and maintained xxxxxxx to the terms of Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement and such additional or replacement bank accounts of the Mortgages Trustee as may for the time being be in place with the prior consent of the Security Trustee;

Examples of Mortgages Trustee GIC Account in a sentence

• The Cash Manager undertakes (to the extent to which the same is within its control) that at the Initial Closing Date the Mortgages Trustee GIC Account will be operative and that it will not (save as contemplated by the Transaction Documents) create or permit to subsist any Security Interest in relation to the Mortgages Trustee GIC Account (but without prejudice to the Mortgages Trust).

• Except in the case of the Principal Deficiency Ledger, a debit item shall only be made in respect of any of the Mortgages Trustee Ledgers and the Funding Ledgers and the corresponding payment or transfer (if any) may only be made from the Mortgages Trustee GIC Account, the Funding GIC Account or the Funding Transaction Account, as the case may be, to the extent that such entry does not cause the relevant ledger to have a debit balance.

• The Cash Manager shall (unless the intended recipient of the relevant payment agrees otherwise) on each Distribution Date, withdraw Cash from the Mortgages Trustee GIC Account (to the extent only that such withdrawal does not cause the Mortgages Trustee GIC Account to become overdrawn) in an aggregate amount equal to the Mortgages Trust Available Principal Receipts on each Distribution Date to make the payments in the order of priority set out in clause 14 of the Mortgages Trust Deed.

• In administering the Mortgages Trustee GIC Account, the Funding 1 Transaction Account and the Funding 1 GIC Account on behalf of the Mortgages Trustee, Funding 1 and the Funding 1 Security Trustee respectively, the Cash Manager shall comply with the provisions of Schedule 2 prior to receipt by the Cash Manager of a copy of any Intercompany Loan Acceleration Notice served by the Funding 1 Security Trustee on Funding 1 (with a copy to the Cash Manager and the Mortgages Trustee).

• Except in the case of the Funding 1 Principal Deficiency, a debit item shall only be made in respect of any of the Mortgages Trustee Ledgers and the Funding 1 Ledgers and the corresponding payment or transfer (if any) may only be made from the Mortgages Trustee GIC Account, the Funding 1 GIC Account or the Funding 1 Transaction Account, as the case may be, to the extent that such entry does not cause the relevant ledger to have a debit balance.

More Definitions of Mortgages Trustee GIC Account

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee (sort code 12-24-55, account number 00000000) held at the Account Bank and maintained subject to the terms of the Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement, or such additional or replacement bank account as may for the time being be in place with the prior consent of the Security Trustee and the Rating Agencies; Mortgages Trustee GIC Account Agreement has the same meaning as Mortgages Trustee Guaranteed Investment Contract;

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee (sort code 30/16/63, account number 00000000) held at the Account Bank and maintained subject to the terms of Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement or such additional or replacement bank account of the Mortgages Trustee as may for the time being be in place with the prior consent of the Security Trustee which is subject to a Guaranteed Investment Contract;

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee (sort code 20-19-90, account number 83579751) held at the Mortgages Trustee Account Bank and maintained subject to the terms of the Bank Account Deed or such additional or replacement bank account of the Mortgages Trustee as may for the time being be in place.

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee maintained with the Mortgages Trustee Account Bank pursuant to the Mortgages Trustee Bank Account Agreement or such additional or replacement bank account of the Mortgages Trustee as may for the time being be in place; New Intercompany Loan means an intercompany loan entered into between the any New Issuer and Funding 1; New Issuer means any company other than the Issuer, which is established after the Closing Date to make a New Intercompany Loan to issue New Notes where all or part of the proceeds of the issue of New Notes will be on-lent to Funding 1 and/or a Further Funding Company; New Notes means any notes (other than Notes) issued by the Issuer and any notes of any New Issuer (as applicable);

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee maintained with the Mortgages Trustee Account Bank pursuant to the Mortgages Trustee Bank Account Agreement or such additional or replacement bank account of the Mortgages Trustee as may for the time being be in place; New Beneficiary means any Further Funding Company that accedes as a Beneficiary to the Mortgages Trust Deed; New Funding 1 Secured Creditor means such other creditor of Funding 1 who accedes to the Funding 1 Deed of Charge from time to time including pursuant to a deed of accession; New Intercompany Loan means an intercompany loan entered into between any New Issuer and Funding 1 pursuant to a New Intercompany Loan Agreement; New Intercompany Loan Agreement means the Intercompany Loan Terms and Conditions together with any intercompany loan confirmation entered into on a closing date between, inter alios, a New Issuer, a Funding Company and a Funding 1 Security Trustee; New Issuer means any company other than the Issuer, which is established after the Closing Date to issue New Issuer Notes where all or part of the proceeds of the issue of such New Issuer Notes will be on-lent to Funding 1 and/or a Further Funding Company; New Issuer Notes means any notes issued by any New Issuer; New Loan Type means on any date a type of Loan that is materially different from the types of Loans comprised in the Portfolio as at the relevant time; New Notes means notes (other than the Series 2010-2 Notes and the Series 2011-2 Notes) which may be issued by the Issuer in future transactions in accordance with Condition 16.2 of the Series 2011-2 Notes and Condition 16.2 of the Series 2010-2 Notes and which may rank pari passu with the Class A Notes or Class Z Notes or after the Class A Notes but ahead of the Class Z Notes or after the Class Z Notes and which may have terms and conditions which differ from the Notes and which do not form a single series with the Class A Notes or the Class Z Notes; New Issuer Notes means notes issued by a New Issuer; New York Business Day means a day (other than a Saturday or Sunday) on which banks are open for general business (including dealings in foreign currency) in the city of New York; Non-Asset Trigger Event has the meaning given to it in the Master Definitions and Construction Schedule; Northern Irish Loan means a loan secured by a Northern Irish mortgage; Note Acceleration Notice has the meaning set out in Condition 9.3 (Following Service of a Note Acceleration Notice...

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee maintained with the Mortgages Trustee Account Bank pursuant to the Mortgages Trustee Bank Account Agreement or such additional or replacement bank account of the Mortgages Trustee as may for the time being be in place;

Mortgages Trustee GIC Account means the account in the name of the Mortgages Trustee maintained with the Mortgages Trustee Account Bank pursuant to the Mortgages Trustee Bank Account Agreement or such additional or replacement bank account of the Mortgages Trustee as may for the time being be in place; New Intercompany Loan means an intercompany loan entered into between the any New Issuer and Funding 1; New Issuer means any company other than the Issuer, which is established after the Closing Date to make a New Intercompany Loan to issue New Notes where all or part of the proceeds of the issue of New Notes will be on-lent to Funding 1 and/or a Further Funding Company; New Issuer Notes means notes issued by a New Issuer; New Notes means any notes (other than Notes) issued by the Issuer and any notes of any New Issuer (as applicable); New York Business Day means a day (other than a Saturday or Sunday) on which banks are open for general business (including dealings in foreign currency) in the city of New York; Note Acceleration Notice has the meaning set out in Condition 9.3 (Following Service of a Note Acceleration Notice);