Cash Manager Termination Events. If any of the following events ("Cash Manager Termination Events") shall occur:
Cash Manager Termination Events. If any of the following events (CASH MANAGER TERMINATION EVENTS) shall occur:
Cash Manager Termination Events. (a) If any of the following events (“Cash Manager Termination Events”) shall occur:
(i) default is made by the Cash Manager in the payment on the due date of any payment due and payable by it under this Agreement or in the performance of its obligations under Sections 4.3 and 4.4 hereof and such default continues unremedied for a period of five (5) Toronto Business Days after the earlier of the Cash Manager becoming aware of such default and receipt by the Cash Manager of written notice from the Bond Trustee requiring the same to be remedied;
(ii) default is made by the Cash Manager in the performance or observance of any of its covenants and obligations, or a breach by the Cash Manager is made of any of its representations and warranties, respectively, under Sections 4.1(e), 12.1(a), (b), (d), (e) or (f);
(iii) default is made by the Cash Manager in the performance or observance of any of its other covenants and obligations under this Agreement and such default continues unremedied for a period of thirty (30) days after the earlier of the Cash Manager becoming aware of such default and receipt by the Cash Manager of written notice from the Bond Trustee requiring the same to be remedied;
(iv) the unsecured, unsubordinated and unguaranteed debt obligations of the Cash Manager from one or more Rating Agencies fall below the Cash Manager Required Ratings (unless the Cash Manager obtains an unconditional and unlimited guarantee of its obligations under this Agreement, from a credit support provider which (x) has satisfied the Rating Agency Condition, and (y) is rated at or above the Cash Manager Required Ratings by each Rating Agency, within 30 Toronto Business Days of the first downgrade below such Cash Manager Required Ratings by a Rating Agency);
(v) an Insolvency Event occurs in respect of the Cash Manager; or
(vi) provided that the Cash Manager is the Issuer or an Affiliate of the Issuer, an Issuer Event of Default (A) occurs and is continuing, or (B) has previously occurred and is continuing, at any time that the Guarantor is Independently Controlled and Governed, then the Guarantor and/or the Bond Trustee (x) may at once or at any time thereafter while such default continues by notice in writing to the Cash Manager or, (y) in the case of the occurrence of a Cash Manager Termination Event described in paragraph (iv) above at any time that the Guarantor is not Independently Controlled and Governed, shall, terminate the appointment of the Cash Manager unde...
