PAYMENTS UNDER SECURITY TRUST DEED. Without prejudice to clause 15, the limitation of the Trustee's liability to make payments under this Agreement will not apply for the purposes of calculating any amounts payable out of the Assets of the Series Trust to the Liquidity Facility Provider pursuant to the Security Trust Deed. -------------------------------------------------------------------------------- 7. CASH ADVANCE DEPOSIT PERIOD 7.1 CASH ADVANCE DEPOSIT UPON RATINGS DOWNGRADE (a) (RATING DOWNGRADE): If at any time the Liquidity Facility Provider ceases to have the Designated Credit Rating, the Liquidity Facility Provider must within 5 Business Days thereafter (or such longer period as the Rating Agencies may agree), in satisfaction of its obligation to make Advances during the Cash Advance Deposit Period, deposit in the Collections Account of the Series Trust, as an Advance under the Facility, an amount equal to the then un-utilised portion of the Facility Limit. (b) (SUBSEQUENT RATING DOWNGRADE FOLLOWING UPGRADE): If at any time following the application of clause 7.4 the Liquidity Facility Provider ceases to have the Designated Credit Rating, the Liquidity Facility Provider must within 5 Business Days (or such longer period as the Rating Agencies may agree) make a deposit in the Collections Account in the manner, and on the same terms as, provided in clause 7.1(a).
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Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)
