INITIAL TRUST PROPERTY. On 13th June, 2002 the Share Trustee of the Mortgages Trustee settled on trust the Initial Trust Property to be held on trust absolutely as to both capital and income by the Mortgages Trustee for the benefit, as tenants in common, of the Seller as to the Initial Seller Share Percentage and Funding 1 as to the Initial Funding 1 Share Percentage.
Appears in 7 contracts
Sources: Mortgages Trust Deed (Permanent Mortgages Trustee LTD), Mortgages Trust Deed (Permanent Financing (No. 5) PLC), Mortgages Trust Deed (Permanent Financing (No. 6) PLC)