Common use of SALE OR REFINANCING OF SELECTED TRANSFERRED ASSETS Clause in Contracts

SALE OR REFINANCING OF SELECTED TRANSFERRED ASSETS. 6.1 The CBC undertakes towards the Security Trustee (but not towards the Issuer) to use its best efforts to sell or refinance Selected Transferred Assets as soon as possible if: a. an Issuer Event of Default has occurred and a Notice to Pay has been served on the CBC; and (i) any amount remains unpaid in respect of any Series on the relevant Maturity Date, (ii) any Maturity Date of any Series falls within a period of six (6) calendar months or (iii) a Breach of Amortisation Test Notice is served on the CBC, and thereafter on each sixth (6th) CBC Payment Date, (each such date a "Refinance Date"). 6.2 The CBC (or the Administrator on its behalf) shall sell all Transferred Assets that consist of Substitution Assets as quickly as reasonably practicable, subject to the pre-emption rights enjoyed by the relevant Transferor pursuant to the Guarantee Support Agreement following service of an Issuer Acceleration Notice, a Notice to Pay or a Breach of Amortisation Test Notice and subject to Clause 7.9.

SALE OR REFINANCING OF SELECTED TRANSFERRED ASSETS. 6.1 The CBC undertakes towards the Security Trustee (but not towards the Issuer) to use its best efforts to sell or refinance Selected Transferred Assets as soon as possible if: a. an Issuer Event of Default has occurred and a Notice to Pay has been served on the CBC; and (i) any amount remains unpaid in respect of any Series on the relevant Maturity Date, (ii) any Maturity Date of any Series falls within a period of six (6) calendar months or (iii) a Breach of Amortisation Test Notice is served on the CBC, and thereafter on each sixth (6th) CBC Payment Date, Date (each such date a "Refinance Date"). 6.2 The CBC (or the Administrator on its behalf) shall sell all Transferred Assets that consist of Substitution Assets as quickly as reasonably practicable, subject to the pre-emption rights enjoyed by the relevant Transferor pursuant to the Guarantee Support Agreement following service of an Issuer Acceleration Notice, a Notice to Pay or a Breach of Amortisation Test Notice and subject to Clause 7.9.

SALE OR REFINANCING OF SELECTED TRANSFERRED ASSETS. 6.1 8.1 The CBC undertakes towards the Security Trustee (but not towards the Issuer) to use its best efforts to sell or refinance Selected Transferred Assets as soon as possible if: a. an Issuer Event of Default has occurred and a Notice to Pay has been served on the CBC; and (i) any amount remains unpaid in respect of any Series on the relevant Maturity Date, (ii) any Maturity Date of any Series falls within a period of six (6) calendar months or (iii) a Breach of Amortisation Test Notice is served on the CBC, and thereafter on each sixth (6th) CBC Payment Date, Date (each such date a "Refinance Date"). 6.2 8.2 The CBC (or the Administrator on its behalf) shall sell all Transferred Assets that consist of Substitution Assets as quickly as reasonably practicable, subject to the pre-emption rights enjoyed by the relevant Transferor pursuant to the Guarantee Support Agreement following service of an Issuer Acceleration Notice, a Notice to Pay or a Breach of Amortisation Test Notice and subject to Clause 7.99.9.