Funding GIC Provider definition

Funding GIC Provider means Lloyds TSB Bank plc acting through its office at Treasury Division, 25 Monument Street, London or such other person or persons as are for the time being the GIC provider to Funding under the Funding Guaranteed Investment Contract and any Funding (Issuer) Guaranteed Investment Contract;
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Funding GIC Provider means Lloyds TSB Bank plc acting through its office at Financial Markets
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Funding GIC Provider means in respect of such account both Lloyds TSB Bank plc acting through the aforementioned office and Northern Rock, unless the context admits otherwise);
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Examples of Funding GIC Provider in a sentence

  • By virtue of a Funding Deed of Charge dated 26 March 2001 between Granite Finance Funding Limited, Granite Mortgages 01-1 plc, the Security Trustee, the Mortgages Trustee, the Cash Manager, the Account Bank, the Funding GIC Provider, the Corporate Services Provider, the Start-Up Loan Provider (as amended and supplemented from time to time, the "FUNDING DEED OF CHARGE"), provision was made for the execution by the Principal of this Power of Attorney.

  • On or as soon as reasonably practicable after each Payment Date and following determination of the applicable LIBOR rate, the Funding GIC Provider will inform Funding and the Cash Manager of the Funding (Current Issuer) GIC Rate which shall apply for the relevant interest period.

  • Notwithstanding the provisions of Clause 13.1 (Notices), instructions to the Funding GIC Provider to effect transfers and/or payment on any date will not be deemed to have been delivered unless and until actual receipt of such instructions in legible form by the Funding GIC Provider.

  • Nevertheless, Funding, the Cash Manager and the Security Trustee acknowledge and agree that the Funding GIC Provider shall not be liable for any instructions given by any of Funding, the Cash Manager or the Security Trustee.

  • The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement and the Security Trustee shall assume no liability whatsoever to Funding, the Funding GIC Provider or the Cash Manager.

  • Funding shall pay the Funding GIC Provider on the date of this Agreement a fee as separately agreed by Funding and the Funding GIC Provider in respect of the services provided pursuant to this Agreement which shall include the reasonable legal costs and expenses of the Funding GIC Provider in connection with the negotiation and execution of this Agreement and the Funding (Current Issuer) Bank Account Agreement.

  • The Funding GIC Provider covenants and undertakes that, upon receipt of any instructions in illegible form, it will immediately notify the party from whom such instructions were received.

  • On the date of termination of this Agreement, the Funding GIC Provider shall pay to or to the order of the Cash Manager or (as required hereunder and/or under the Funding Deed of Charge) the Security Trustee, all amounts standing to the credit of the Funding (Current Issuer) GIC Account with interest accrued thereon to (but excluding) the date of actual payment.

  • The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Cash Manager, the Funding GIC Provider or Funding hereunder.

  • In any event any assignee of the Funding GIC Provider must be an institution authorised to carry on banking business (including accepting deposits) under the Banking Xxx 0000.


More Definitions of Funding GIC Provider

Funding GIC Provider means Lloyds TSB Bank plc acting through its office at Treasury Division, 25 Monument Street, London or such other person or persons as axx xxx xxx xxxx xxxxx xxx GIC provider to Funding under the Funding Guaranteed Investment Contract and any Funding (Issuer) Guaranteed Investment Contract;
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Funding GIC Provider means Abbey National acting pursuant to the Funding Guaranteed Investment Contract and or such other person for the time being acting as provider of a guaranteed investment contract to Funding;
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Related to Funding GIC Provider

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Master Servicer Remittance Amount With respect to each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in the Collection Account (including any amount in any Serviced A/B Loan Combination Custodial Account allocable to the related Serviced Mortgage Loan in the related Serviced A/B Loan Combination) as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from the Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a)(I), and (vi) any amounts deposited in the Collection Account in error; provided that the Master Servicer Remittance Amount for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • Senior Enhancement Percentage With respect to any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Certificate Balance of the Subordinated Certificates and (ii) the Subordinated Amount (in each case after taking into account the distributions of the Principal Distribution Amount for such Distribution Date) by (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Group I Senior Percentage As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group I immediately prior to such Distribution Date.

  • Overcollateralized Group As defined in Section 4.03.

  • Loan Group I The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Undercollateralized Group As defined in Section 4.03.