ASSUMPTION BY SUB-FUND. On the Novation Date for a Transaction, the Relevant Sub-Fund is deemed to undertake to Party A that it will duly observe and perform and totally assume all the obligations of the Relevant Selling Fund under that Transaction, the time for performance of which is on or after the Novation Date as if the Relevant Sub-Fund had been named as a party to that Transaction instead of the Relevant Selling Fund.
Appears in 4 contracts
Samples: Isda Master Agreement (Macquarie Securitisation LTD), Isda Master Agreement (Macquarie Securitisation LTD), Isda Master Agreement (Macquarie Securitisation LTD)
