Common use of Additional Mortgages Clause in Contracts

Additional Mortgages. ‌ 9.1 The Administrators shall, in accordance with and to the extent permitted by the Mortgage Sale Agreement and this Agreement, on behalf of the Issuer and following an Additional Mortgage Request arrange for the Issuer to purchase from the Sellers in accordance with the Mortgage Sale Agreement, such Additional Mortgages as mentioned in the Additional Mortgage Request and pay from the Transaction Account the Additional Payment to the relevant Seller and in accordance with Clause 6.4.2 debit or, as the case may be, credit the appropriate ledgers.‌ 9.2 The Administrators shall only arrange for the purchase of Additional Mortgages in accordance with Clause 9.1 if the conditions to further purchases of Additional Mortgages in the Mortgage Sale Agreement are satisfied. 9.3 If an Additional Mortgage to be purchased by the Issuer includes any Amortised Cost Adjustment Amount the Issuer shall draw down, in accordance with Condition 18, an amount equal to the relevant Amortised Cost Adjustment Amount and such Amortised Cost Adjustment Amount shall be credited to the Transaction Account. For the avoidance of doubt, no Amortised Cost Adjustment Amount shall ever be debited from the Principal Ledger or the Retained Principal Ledger.

Additional Mortgages. ‌ 9.1 The Administrators shall, in accordance with and to the extent permitted by the Mortgage Sale Agreement and this Agreement, on behalf of the Issuer and following an Additional Mortgage Request arrange for the Issuer to purchase from the Sellers in accordance with the Mortgage Sale Agreement, such Additional Mortgages as mentioned in the Additional Mortgage Request and pay from the Transaction Account the Additional Payment to the relevant Seller and in accordance with Clause 6.4.2 6.4(b) debit or, as the case may be, credit the appropriate ledgers.‌ledgers. 9.2 The Administrators shall only arrange for the purchase of Additional Mortgages in accordance with Clause 9.1 if the conditions to further purchases of Additional Mortgages in the Mortgage Sale Agreement are satisfied. 9.3 If an Additional Mortgage to be purchased by the Issuer includes any Amortised Cost Adjustment Amount the Issuer shall draw down, in accordance with Condition 18, an amount equal to the relevant Amortised Cost Adjustment Amount and such Amortised Cost Adjustment Amount shall be credited to to, and then paid from, the Transaction Account. For the avoidance of doubt, no Amortised Cost Adjustment Amount shall ever be debited from the Principal Ledger or the Retained Principal Ledger.

Additional Mortgages. ‌ 9.1 The Administrators shall, in accordance with and to the extent permitted by the Mortgage Sale Agreement and this Agreement, on behalf of the Issuer and following an Additional Mortgage Request arrange for the Issuer to purchase from the Sellers in accordance with the Mortgage Sale Agreement, such Additional Mortgages as mentioned in the Additional Mortgage Request and pay from the Transaction Account the Additional Payment to the relevant Seller and in accordance with Clause 6.4.2 debit or, as the case may be, credit the appropriate ledgers.‌ledgers. 9.2 The Administrators shall only arrange for the purchase of Additional Mortgages in accordance with Clause 9.1 if the conditions to further purchases of Additional Mortgages in the Mortgage Sale Agreement are satisfied. 9.3 If an Additional Mortgage to be purchased by the Issuer includes any Amortised Cost Adjustment Amount the Issuer shall draw down, in accordance with Condition 18, an amount equal to the relevant Amortised Cost Adjustment Amount and such Amortised Cost Adjustment Amount shall be credited to the Transaction Account. For the avoidance of doubt, no Amortised Cost Adjustment Amount shall ever be debited from the Principal Ledger or the Retained Principal Ledger.