REPLACEMENT CURRENCY SWAP. (a) If this Agreement is terminated, Party B may enter into one or more currency swaps which replace the Transactions under this Agreement (collectively a “Replacement Currency Swap”) but only on the condition that the Settlement Amount payable (if any) by Party B to Party A upon termination of this Agreement will be paid in full when due in accordance with the Series Notice and this Agreement, and in respect of which the Designated Rating Agencies confirm that the replacement will not cause a reduction or withdrawal of the rating of the Class A1 Notes.
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Samples: Master Agreement (Westpac Securitisation MGT Pty LTD Series 2005-1g WST Trust), Master Agreement (Westpac Securitisation Management Pty LTD)
REPLACEMENT CURRENCY SWAP. (a) If this Agreement is terminated, Party B may enter into one or more currency swaps which replace the Transactions under this Agreement (collectively a “Replacement Currency Swap”) but only on the condition that the Settlement Amount payable (if any) by Party B to Party A upon termination of this Agreement will be paid in full when due in accordance with the Series Notice and this Agreement, and in respect of which the Designated Rating Agencies confirm that the replacement will not cause a reduction or withdrawal of the rating of the Class A1 A2a Notes.
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Samples: Master Agreement (Westpac Securitisation Management Pty LTD)
REPLACEMENT CURRENCY SWAP. (a) If this Agreement or any Transaction under this Agreement is terminatedterminated prior to the day upon which the Class A-1 Notes are repaid in full, Party B may must, subject to paragraph (b) and at the direction of the Manager, enter into one or more currency swaps which replace the Transactions under this Agreement (collectively a “"Replacement Currency Swap”") but only on the condition that the Settlement Amount payable (if any) by Party B to Party A upon termination of this Agreement will be paid in full when due in accordance with the Series Notice and this Agreement, and in respect of which the Designated Rating Agencies confirm that the replacement will not cause a reduction or withdrawal of the rating of the Class A1 Notes.following conditions:
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Samples: Novation Agreement (Crusade Global Trust No. 2 of 2006)
REPLACEMENT CURRENCY SWAP. (a) If this Agreement is terminated, Party B may enter into one or more currency swaps which replace the Transactions under this Agreement (collectively a “Replacement Currency Swap”) but only on the condition that the Settlement Amount payable (if any) by Party B to Party A upon termination of this Agreement will be paid in full when due in accordance with the Series Notice and this Agreement, and in respect of which a Rating Notification has been given by the Designated Rating Agencies confirm that the replacement will not cause a reduction or withdrawal of the rating of the Class A1 NotesTrust Manager.
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Samples: Master Agreement (Westpac Securitisation Management Pty LTD)
REPLACEMENT CURRENCY SWAP. (a) If this Agreement is terminated, Party B may must, at the direction of the Manager, enter into one or more currency swaps which replace the Transactions under this Agreement (collectively a “"Replacement Currency Swap”") but only on the condition that the Settlement Amount payable (if any) by Party B to Party A upon termination of this Agreement will be paid in full when due in accordance with the Series Notice and this Agreement, and in respect of which the Designated Rating Agencies confirm that the replacement will not cause a reduction or withdrawal of the rating of the Class A1 Notes.following conditions:
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