Common use of Payment on Distribution Date Clause in Contracts

Payment on Distribution Date. Any payments to be made by the Trustee pursuant to this clause 18 will only be made on the Distribution Date following demand by the Liquidity Facility Provider and on each succeeding Distribution Date until the Liquidity Facility Provider is paid in full by payment of so much of the amount sufficient to indemnify the Liquidity Facility Provider as is available for this purpose in accordance with the Series Supplement.

Appears in 3 contracts

Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD 2000 Med Trust), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Adv Serv Medallion Trust Series 2004-1g)

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Payment on Distribution Date. Any payments to be made by the Trustee pursuant to this clause 18 will only be made on the Distribution Date following demand by the Liquidity Facility Provider and on each succeeding Distribution Date until the Liquidity Facility Provider is paid in full by payment of so much of the amount sufficient to indemnify the Liquidity Facility Provider as is available for this purpose in accordance with the Series Supplement.. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)

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