Constitution of Trust Back. On the acceptance of a Sale Notice which relates to Receivable Securities or Related Securities that secure Other Secured Liabilities: (i) a trust shall be constituted; and (ii) the relevant Trust Back Assets shall vest in the Trustee and be held by the Trustee on and subject to the trusts, terms and conditions of this clause.
Appears in 6 contracts
Samples: Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD)
Constitution of Trust Back. On the acceptance of a Sale Notice which relates to Receivable Securities or Related Securities that secure Other Secured Liabilities:
(i) a trust shall be constituted; and
(ii) the relevant Trust Back Assets shall vest in the Trustee and be held by the Trustee on and subject to the trusts, terms and conditions of this clause.
Appears in 2 contracts
Samples: Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD)
Constitution of Trust Back. On the acceptance of a Sale Notice which relates to Receivable Securities or Related Securities that secure Other Secured Liabilities:
(i) a trust shall be constituted; and
(ii) the relevant Trust Back Assets shall vest in the Trustee and be held by the Trustee on and subject to the trusts, terms and conditions of this clause.
Appears in 1 contract
Samples: Master Trust Deed (Westpac Securitisation Management Pty LTD)
