Release of outgoing Servicer. Except as provided in clause 7.4, upon retirement or removal and provided there has been payment to the Trustee of all sums due to it by the outgoing Servicer under this Agreement at that date, the outgoing Servicer shall be released from all further obligations under this Agreement but no release under this clause shall extend to any existing or antecedent fraud, negligence or wilful default on the part of the outgoing Servicer or its officers, employees, agents or delegates.
Appears in 6 contracts
Samples: Servicing Agreement (Crusade Management LTD), Servicing Agreement (Crusade Management LTD), Servicing Agreement (Crusade Management LTD)
Release of outgoing Servicer. Except as provided in clause 7.47.5, upon retirement or removal and provided there has been payment to the Trustee of all sums due to it by the outgoing Servicer under this Agreement deed at that date, the outgoing Servicer shall will be released from all further obligations under this Agreement deed but no release under this clause shall will extend to any existing or antecedent fraud, negligence or wilful default on the part of the outgoing Servicer or its officers, employees, agents or delegates.
Appears in 2 contracts
Samples: Investment Management Agreement (Interstar Securitisation Management Pty LTD), Investment Management Agreement (Interstar Securitisation Management Pty LTD)
Release of outgoing Servicer. Except as provided in clause 7.4Clause 8.4, upon retirement or removal and provided there has been payment to the Trustee of all sums due to it by the outgoing Servicer under this Agreement agreement at that date, the outgoing Servicer shall be released from all further obligations under this Agreement agreement but no release under this clause shall extend to any existing or antecedent fraud, negligence or wilful default on the part of the outgoing Servicer or its officers, employees, agents or delegates.
Appears in 1 contract
Samples: Servicing Agreement (Westpac Securitisation Management Pty LTD)
Release of outgoing Servicer. Except as provided in clause 7.4Clause 8.4, upon retirement or removal and provided there has been payment to the Trustee of all sums due to it by the outgoing Servicer under this Agreement deed at that date, the outgoing Servicer shall be released from all further obligations under this Agreement deed but no release under this clause shall extend to any existing or antecedent fraud, negligence or wilful default on the part of the outgoing Servicer or its officers, employees, agents or delegates.
Appears in 1 contract
Samples: Servicing Agreement (Westpac Securitisation Management Pty LTD)
