Investment proposals. (a) (Manager's investment proposals) The Manager shall from time to time give to the Trustee a proposal for the acquisition or origination of property which is to constitute Assets of a Trust and for the sale, transfer or other realisation of or dealing with the Assets of a Trust, provided that the Manager may not make any such proposal which could adversely affect the current rating (if any) of the Notes. (b) (Sufficient details) Except where the Manager's proposal is an Investment Direction, each proposal shall contain all necessary details relating to the proposal together with all information and evidence as the Trustee may reasonably require to satisfy itself that the implementation of the proposal is permitted under this Deed. Where the Manager's proposal is an Investment Direction, the proposal will comply with this Deed. (c) (Discretion) The Manager shall have the fullest discretion to recommend in the proposal the time and mode of and the broker, contractor or agent (if any) to be engaged for the implementation of the proposal including the right to recommend a postponement for so long as the Manager in its discretion shall think fit. (d) (Trustee must implement investment proposals) Subject to clause 8.7, on receipt of any written proposal by the Manager under this clause 8, the Trustee shall implement that proposal and the Trustee shall not be required, nor be under a duty, to inquire or to make any assessment or judgment in relation to that proposal or whether the proposed investment is an Authorised Investment or is otherwise permitted under this Deed. The Trustee must not make an investment if it is knows that it is not an Authorised Investment.
Appears in 6 contracts
Samples: Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD)
Investment proposals. (a) (Trust Manager's investment proposals) The Trust Manager shall from time to time give to the Trustee a proposal for the acquisition or origination of property which is to constitute Assets of a Trust and for the sale, transfer or other realisation of or dealing with the Assets of a Trust, provided that the Manager may not make any such proposal which could adversely affect the current rating (if any) of the Notes.
(b) (Sufficient details) Except where the Trust Manager's proposal is an Investment Direction, each proposal shall contain all necessary details relating to the proposal together with all information and evidence as the Trustee may reasonably require to satisfy itself that the implementation of the proposal is permitted under this Deeddeed. Where the Trust Manager's proposal is an Investment Direction, the proposal it will comply with this Deeddeed.
(c) (Discretion) The Trust Manager shall have the fullest discretion to recommend in the proposal the time and mode of and the broker, contractor or agent (if any) to be engaged for the implementation of the proposal including the right to recommend a postponement for so long as the Trust Manager in its discretion shall think fit.
(d) (Trustee must implement investment proposals) Subject to clause 8.74.7 and this deed generally, on receipt of any written proposal by the Trust Manager under this clause 84, the Trustee shall implement that proposal and the Trustee shall not be required, nor be under a duty, to inquire or to make any assessment or judgment in relation to that proposal or whether the proposed investment is an Authorised Investment or is otherwise permitted under this Deeddeed. The Subject to this deed, the Trustee must not make an investment if it is knows that it is not an Authorised Investment.
Appears in 3 contracts
Samples: Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD)