Common use of Requirements of Sale Notice Clause in Contracts

Requirements of Sale Notice. A Sale Notice must: (a) (State that it is a Sale Notice): state that it is a Sale Notice pursuant to clause 4.2 and that it relates to the Series Trust; (b) (Timing): not be issued: (i) until at least 1 Business Day after the Series Trust has been constituted; or (ii) after the Termination Date in respect of the Series Trust; (c) (Be delivered): be delivered to the Trustee and copied to the Manager; (d) (Schedule of Mortgage Loans): be accompanied by a schedule of the Mortgage Loans offered to be assigned to the Trustee that contains the information required by clause 4.4; (e) (Closing Date): state the proposed Closing Date (which, unless otherwise agreed by the Trustee in writing, must be at least 5 Business Days after the date of the receipt by the Trustee of the Sale Notice); (f) (Cut-Off Date): state the Cut-Off Date (which, unless otherwise agreed by the Trustee in writing, must be at least 10 Business Days before the Closing Date); and (g) (Authorised Officer): be signed by an Authorised Officer of the Relevant Seller.

Requirements of Sale Notice. A Sale Notice must: (a) (State that it is a Sale Notice): state that it is a Sale Notice pursuant to clause 4.2 and that it relates to the Series Trust; (b) (Timing): not be issued: (i) until at least 1 Business Day after the Series Trust has been constituted; or (ii) after the Termination Date in respect of the Series Trust; (c) (Be delivered): be delivered to the Trustee and copied to the Manager; (d) (Schedule of Mortgage Loans): be accompanied by a schedule of the Mortgage Loans offered to be assigned to the Trustee that contains the information required by clause 4.4; (e) (Closing Date): state the proposed Closing Date (which, unless otherwise agreed by the Trustee in writing, must be at least 5 Business Days after the date of the receipt by the Trustee of the Sale Notice); (f) (Cut-Off Date): state the Cut-Off Date (which, unless otherwise agreed by the Trustee in writing, must be at least 10 Business Days before the Closing Date); and (g) (Authorised Officer): be signed by an Authorised Officer of the Relevant relevant Seller.

Requirements of Sale Notice. A Sale Notice must: (a) (State that it is a Sale NoticeSTATE THAT IT IS A SALE NOTICE): state that it is a Sale Notice pursuant to clause 4.2 and that it relates to the Series Trust; (b) (TimingTIMING): not be issued: (i) until at least 1 Business Day after the Series Trust has been constituted; or (ii) after the Termination Date in respect of the Series Trust; (c) (Be deliveredBE DELIVERED): be delivered to the Trustee and copied to the Manager; (d) (Schedule of Mortgage LoansSCHEDULE OF MORTGAGE LOANS): be accompanied by a schedule of the Mortgage Loans offered to be assigned to the Trustee that contains the information required by clause 4.4; (e) (Closing DateCLOSING DATE): state the proposed Closing Date (which, unless otherwise agreed by the Trustee in writing, must be at least 5 Business Days after the date of the receipt by the Trustee of the Sale Notice); (f) (CutCUT-Off DateOFF DATE): state the Cut-Off Date (which, unless otherwise agreed by the Trustee in writing, must be at least 10 Business Days before the Closing Date); and (g) (Authorised OfficerAUTHORISED OFFICER): be signed by an Authorised Officer of the Relevant relevant Seller.