Retirement for Trustee's Default. The Trustee shall retire as trustee of the Trusts if and when directed to do so by the Manager in writing (which direction must be copied to each Servicer and, if any of the Trusts are Rated Trusts, the Designated Rating Agency). A direction may only be given on the occurrence of one or more of the following events (each a Trustee's Default):
Appears in 6 contracts
Samples: Master Trust (Crusade Management LTD), Master Trust (Crusade Management LTD), Master Trust (Crusade Management LTD)
Retirement for Trustee's Default. The Trustee shall retire as trustee of the Trusts if and when directed to do so by the Trust Manager in writing (which direction must be copied to each Servicer and, if any of the Trusts are Rated Trusts, the Designated Rating Agency). A direction may only be given on the occurrence of one or more of the following events (each a Trustee's Default):
Appears in 3 contracts
Samples: Memorandum of Agreement (Westpac Securitisation Management Pty LTD), Memorandum of Agreement (Westpac Securitisation Management Pty LTD), Memorandum of Agreement (Westpac Securitisation Management Pty LTD)
