Scottish Declaration of Trust definition

Scottish Declaration of Trust means a declaration of trust, substantially in the form of either Part A or Part B of Schedule 5 (Form of Scottish Declaration of Trust) to the Receivables Purchase Agreement entered into by VWFS in favour of the Purchaser pursuant to the terms of the Receivables Purchase Agreement.

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Scottish Declaration of Trust means a declaration of trust, substantially in the form of Schedule 5 (Form of Scottish Declaration of Trust) to the Receivables Purchase Agreement entered into by VWFS in favour of the Purchaser.

Scottish Declaration of Trust means a declaration of trust over Scottish Receivables in substantially the form set out in the Third Schedule of the RSA;

Examples of Scottish Declaration of Trust in a sentence

• Except as expressly provided herein, the relevant Scottish Declaration of Trust and the trusts constituted pursuant thereto shall continue in full force and effect in respect of the whole remainder (if any) of the Scottish Trust Property (as that term is defined in the Scottish Declaration of Trust).

• The Seller and the Issuer by their execution of this Agreement hereby acknowledge such release as trustee and beneficiary under the relevant Scottish Declaration of Trust.

• The Seller and the Mortgages Trustee hereby acknowledge and consent to the foregoing as trustee and beneficiary respectively in terms of each Scottish Declaration of Trust.

• In relation to each Utilisation other than the first Utilisation, to the extent that the same have not previously been delivered to the Security Trustee each Supplemental Scottish Declaration of Trust delivered to the Borrower on an Additional Purchase Date occurring on or prior to such Utilisation Date and a Supplemental Assignation in Security in relation to each such Supplemental Scottish Declaration of Trust.

• On each Additional Purchase Date, the Borrower shall deliver to the Security Trustee the duly executed Supplemental Scottish Declaration of Trust delivered to it on such Additional Purchase Date in accordance with clause 4.4 (Sale and Purchase of Receivables) of the Receivables Sale Agreement and a duly executed Supplemental Assignation in Security in relation to such Supplemental Scottish Declaration of Trust in accordance with clause 3.4(A) (Scottish Security) of the Security Trust Deed.

• Subscribed for and on ) behalf of the said ) at on before this witness: …………………………….(Signature) …………………………….(Name) …………………………….(Address) …………………………….(Occupation) We, Driver UK Master S.A., acting for and on behalf of its Compartment 7, hereby acknowledge receipt of a copy of the foregoing Scottish Declaration of Trust, the trusts constituted thereby and the intimation thereof.

• For and on behalf of Delamare Cards Receivables Trustee Limited RETROCESSION LETTER [LETTERHEAD OF TESCO PERSONAL FINANCE PLC] To: Delamare Cards Receivables Trustee Limited Pollen House ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ W1S 3NP Date: [⚫] Dear Sirs Scottish Declaration of Trust by Tesco Personal Finance PLC in favour of Delamare Cards Receivables Trustee Limited (as trustee of the Delamare Cards Receivables Trust) dated [⚫] (the Declaration of Trust) We refer to the Declaration of Trust.

• The Seller and the LLP acknowledge and agree that the CCA Trust shall not apply to any Scottish Loans or their Related Security and that the Scottish Loans and their Related Security comprised in the Initial Portfolio or such New Portfolio and any Additional Loan Advance or Product Switch in respect thereof shall be held solely under and on the terms of the relevant Scottish Declaration of Trust declared pursuant to Clauses 3.1(a)(vii) or 4.8(a)(iv) (as applicable).

• Form of Scottish Declaration of Trust...................................................

• Subscribed for and on ) behalf of the said ) at on before this witness: …………………………….(Signature) …………………………….(Name) …………………………….(Address) …………………………….(Occupation) We, Driver UK Multi-Compartment S.A., acting for and on behalf of its Compartment Driver UK eight, hereby acknowledge receipt of a copy of the foregoing Scottish Declaration of Trust, the trusts constituted thereby and the intimation thereof.

More Definitions of Scottish Declaration of Trust

Scottish Declaration of Trust means the declaration of trust granted by the Legal Title Holder in relation to the Scottish Mortgage Loans, Scottish Mortgages and their Related Security by means of which the sale of such Scottish Mortgage Loans, Scottish Mortgages and their Related Security by the Beneficial Title Seller and the transfer of the beneficial interest therein to the Issuer are given effect;

Scottish Declaration of Trust means a declaration of trust, substantially in the form of either Part A or Part B of Schedule 5 (Form of Scottish Declaration of Trust) to the

Scottish Declaration of Trust means, together, certain Scots law declarations of trust over the right, title, benefit and interest in each of the Scottish Loans and their Related Security granted by the Legal Title Holder in favour of the Seller, the Seller's interest in which will be assigned by it to the Issuer pursuant to a Scottish Trust Transfer.

Scottish Declaration of Trust means the declaration of trust in respect of Scottish Mortgage Loans and their Related Security made by Virgin Money in favour of the Mortgages Trustee and by the Mortgages Trustee in favour of the Beneficiaries on the Closing Date pursuant to the Mortgage Sale Agreement substantially in the form set out in Schedule 10 (Scottish Declaration of Trust) thereto.

Scottish Declaration of Trust means, in relation to the Scottish Mortgage Loans and their related Mortgage Loan Security in the Mortgage Portfolio, (i) a Scots law declaration of trust made by the Legal Title Holder in favour of the Seller with the consent and acknowledgement of Aviva, substantially in the form set out in Part 1 of Schedule 5 (Declarations of Trust) to the Aviva-Seller Loans Sale Agreement and (ii) a Scots law declaration of trust made by the Legal Title Holder in favour of the Issuer with the consent and acknowledgement of the Seller, substantially in the form set out in schedule 5 (Scottish Declaration of Trust) of the Servicing Deed (as applicable);