Common use of Trust Property Clause in Contracts

Trust Property. Subject to CLAUSE 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 5 contracts

Sources: Mortgages Trust Deed (Permanent Financing (No. 5) PLC), Mortgages Trust Deed (Permanent Financing (No. 6) PLC), Mortgages Trust Deed (Permanent Mortgages Trustee LTD)

Trust Property. Subject to CLAUSE Clause 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 3 contracts

Sources: Mortgages Trust Deed (HOLMES FINANCING (No. 9) PLC), Mortgages Trust Deed (HOLMES FINANCING (No. 9) PLC), Mortgages Trust Deed (Holmes Financing No 8 PLC)

Trust Property. Subject to CLAUSE Clause 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 1 contract

Sources: Mortgages Trust Deed (Permanent Mortgages Trustee LTD)

Trust Property. Subject to CLAUSE 3Clause , the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 1 contract

Sources: Mortgages Trust Deed (Permanent Mortgages Trustee LTD)

Trust Property. Subject to CLAUSE Clause 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 ShareShare Percentage) and for the Seller (as to the Seller ShareShare Percentage) as beneficial tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 1 contract

Sources: Mortgages Trust Deed (Holmes Funding LTD)

Trust Property. Subject to CLAUSE 3, the Mortgages Trustee shall hold the Trust Property as to both capital and income on trust absolutely for Funding 1 (as to the Funding 1 Share) and for the Seller (as to the Seller Share) as tenants in common upon, with and subject to all the trusts, powers and provisions of this Deed.

Appears in 1 contract

Sources: Mortgages Trust Deed (Holmes Financing No 6 PLC)