Common use of Servicer Transfer Event Clause in Contracts

Servicer Transfer Event. (a) If a Servicer Transfer Event occurs, the Trustee must at the direction of the Manager by notice terminate this Agreement with immediate effect.

Appears in 6 contracts

Samples: Crusade Euro Trust Servicing Agreement (Crusade Management LTD), Crusade Euro Trust Servicing Agreement (Crusade Management LTD), Crusade Euro Trust Servicing Agreement (Crusade Management LTD)

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Servicer Transfer Event. (a) If a Servicer Transfer Event occurs, the Trustee must at the direction of the Manager by notice terminate this Agreement agreement with immediate effect. The Trustee must promptly give notice of that termination to the Trust Manager, the Approved Seller, the Servicer and the Designated Rating Agencies.

Appears in 1 contract

Samples: Westpac Securitisation Management Pty LTD

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