Consequences of Event of Default. At any time after the occurrence of an Event of Default the Liquidity Facility Provider may, without being obliged to do so and notwithstanding any waiver of any previous default, by written notice to the Trustee: (a) (DECLARE ADVANCES DUE): declare the Advances, accrued interest and all other sums which have accrued due under this Agreement (whether or not presently payable) to be due, whereupon they will become immediately due and payable; and/or (b) (DECLARE FACILITY TERMINATED): declare the Facility terminated in which case the obligations of the Liquidity Facility Provider under this Agreement will immediately terminate from the date of receipt by the Trustee of such written notice.
Appears in 3 contracts
Samples: Liquidity Facility Agreement (Medallion Trust Series 2007-1g), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)
Consequences of Event of Default. At any time after the occurrence of an Event of Default the Liquidity Facility Provider may, without being obliged to do so and notwithstanding any waiver of any previous default, by written notice to the Trustee:
(a) (DECLARE ADVANCES DUEDeclare Advances due): declare the Advances, accrued interest and all other sums which have accrued due under this Agreement (whether or not presently payable) to be due, whereupon they will become immediately due and payable; and/or
(b) (DECLARE FACILITY TERMINATEDDeclare Facility terminated): declare the Facility terminated in which case the obligations of the Liquidity Facility Provider under this Agreement will immediately terminate from the date of receipt by the Trustee of such written notice.
Appears in 2 contracts
Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD 2000 Med Trust)
Consequences of Event of Default. At any time after the occurrence of an Event of Default the Liquidity Facility Provider may, without being obliged to do so and notwithstanding any waiver of any previous default, by written notice to the Trustee:
(a) (DECLARE ADVANCES DUE): declare the Advances, accrued interest and all other sums which have accrued due under this Agreement (whether or not presently payable) to be due, whereupon they will become immediately due and payable; and/or
(b) (DECLARE FACILITY TERMINATED): declare the Facility terminated in which case the obligations of the Liquidity Facility Provider under this Agreement will immediately terminate from the date of receipt by the Trustee of such written notice.written
Appears in 1 contract
Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)
Consequences of Event of Default. At any time after the occurrence of an Event of Default the Liquidity Facility Provider may, without being obliged to do so and notwithstanding any waiver of any previous default, by written notice to the Trustee:
(a) (DECLARE ADVANCES DUEDeclare Advances due): declare the Advances, accrued interest and all other sums which have accrued due under this Agreement (whether or not presently payable) to be due, whereupon they will become immediately due and payable; and/or
(b) (DECLARE FACILITY TERMINATEDDeclare Facility terminated): declare the Facility terminated in which case the obligations of the Liquidity Facility Provider under this Agreement will immediately terminate from the date of receipt by the Trustee of such written notice.. --------------------------------------------------------------------------------
Appears in 1 contract
Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)
