Shortfall. Unless any of the Mortgages Trustee, Funding or the Security Trustee needs to do so to avoid a Shortfall, none of the Mortgages Trustee, Funding or the Security Trustee shall set the Standard Variable Rate and other discretionary rates and margins for Mortgage Loans which are in the Mortgages Trust (disregarding any discounts or additions to it) at rates higher than the then equivalent rates for mortgage loans which are not in the Mortgages Trust.
Appears in 8 contracts
Samples: Mortgage Sale Agreement (Granite Mortgages 03-3 PLC), Mortgage Sale Agreement (Granite Mortgages 03-1 PLC), Mortgage Sale Agreement (Granite Mortgages 03-2 PLC)
Shortfall. Unless any of the Mortgages Trustee, Funding or the Security Trustee needs to do so to avoid a Shortfall, none of the Mortgages Trustee, Funding or the Security Trustee shall set the Standard Variable Rate and other discretionary rates and margins for Mortgage Loans which are in the Mortgages Trust (disregarding any discounts or additions to it) at rates a rate higher than the then equivalent rates applicable Standard Variable Rate for mortgage loans which are not in the Mortgages Trust.
Appears in 2 contracts
Samples: Mortgage Sale Agreement (Granite Mortgages 02-2 PLC), Mortgage Sale Agreement (Granite Mortgages 03-1 PLC)
Shortfall. Unless any of the Mortgages Trustee, any Funding Beneficiary or the any Funding Security Trustee needs to do so to avoid a Shortfall, none of the Mortgages Trustee, each Funding Beneficiary or the each Funding Security Trustee shall set the Standard Variable Rate and other discretionary rates and margins for Mortgage Loans which are in the Mortgages Trust (disregarding any discounts or additions to it) at rates higher than the then equivalent rates for mortgage loans which are not in the Mortgages TrustMortgage Portfolio.
Appears in 2 contracts
Samples: Mortgage Sale Agreement (Granite Finance Trustees LTD), Granite Finance Funding 2 LTD
Shortfall. Unless any of the Mortgages Trustee, any Funding Beneficiary or the any Funding Security Trustee needs to do so to avoid a Shortfall, none of the Mortgages Trustee, each Funding Beneficiary or the each Funding Security Trustee shall set the Standard Variable Rate and other discretionary rates and margins for Mortgage Loans which are in the Mortgages Trust (disregarding any discounts or additions to it) at rates higher than the then equivalent rates for mortgage loans which are not in the Mortgages Trust.
Appears in 1 contract
Samples: Mortgage Sale Agreement (Granite Finance Trustees LTD)
