Common use of Early Termination of a Swap Clause in Contracts

Early Termination of a Swap. If at any time a Fixed Rate Swap terminates prior to its scheduled termination date, or the Basis Swap terminates, in each case whilst there are Securities which have not then been redeemed (or deemed to be redeemed) in full or the Class A-1 Currency Swap terminates whilst there are Class A-1 Notes which have not then been redeemed (or deemed to be redeemed) in full, the Manager and the Trustee must:

Appears in 2 contracts

Samples: Interest and Principal (Securitisation Advisory Services Pty LTD), Securitisation Advisory Services Pty LTD

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Early Termination of a Swap. If at any time a Fixed Rate Swap terminates prior to its scheduled termination date, or the a Basis Swap terminates, in each case whilst there are Securities which have not then been redeemed (or deemed to be redeemed) in full or the a Class A-1 Currency Swap terminates whilst there are Class A-1 Notes which have not then been redeemed (or deemed to be redeemed) in full, the Manager and the Trustee must:

Appears in 2 contracts

Samples: Securitisation Advisory Services Pty LTD, Securitisation Advisory Services Pty LTD

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