Common use of Requirements for Termination Clause in Contracts

Requirements for Termination. On or before the declaration of the Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.

Appears in 2 contracts

Samples: Securitisation Advisory Services Pty LTD 2000 Med Trust, Securitisation Advisory Services Pty LTD

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Requirements for Termination. On or before the declaration of the a Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. -------------------------------------------------------------------------------- 15. TRUSTEE PROVISIONS

Appears in 2 contracts

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

Requirements for Termination. On or before the declaration of the a Quarterly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.

Appears in 2 contracts

Samples: Liquidity Facility Agreement (Medallion Trust Series 2007-1g), Securitisation Advisory Services Pty LTD

Requirements for Termination. On or before the declaration of the a Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. -------------------------------------------------------------------------------- 15. Trustee provisions

Appears in 1 contract

Samples: Securitisation Adv Serv Medallion Trust Series 2004-1g

Requirements for Termination. On or before the declaration of the a Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Facility Agreement (Securitisation Advisory Services Pty LTD)

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Requirements for Termination. On or before the declaration of the a Quarterly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. -------------------------------------------------------------------------------- 15. TRUSTEE PROVISIONS

Appears in 1 contract

Samples: Securitisation Advisory Services Pty LTD

Requirements for Termination. On or before the declaration of the a Monthly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Monthly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. -------------------------------------------------------------------------------- 15. TRUSTEE PROVISIONS

Appears in 1 contract

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

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