Common use of Repayment on Termination Clause in Contracts

Repayment on Termination. Notwithstanding clause 6.1, on the Distribution Date immediately following the Termination Date (or if the Termination Date is on a Distribution Date, then on that Distribution Date), the Trustee will pay or repay so much of the aggregate of all Advances together with interest accrued thereon and all other money, the payment or repayment of which forms part of the Obligations, as is available for this purpose in accordance with the Series Supplement. If all amounts due in accordance with this clause 6.3 are not paid or repaid in full on the Distribution Date in accordance with the foregoing, on each succeeding Distribution Date the Trustee will pay or repay so much of such amounts as there are funds available for this purpose in accordance with the Series Supplement until such amounts are paid or repaid in full.

Appears in 6 contracts

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

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