Settlement and discharge. The Trustee shall settle with the outgoing Custodian the amount of any sums payable by the outgoing Custodian to the Trustee or by the Trustee to the outgoing Custodian and shall give to or accept from the outgoing Custodian a discharge in respect of those sums (subject to clause 7.5) which shall be conclusive and binding as between the Trustee, the outgoing Custodian, the new Custodian, the Manager, the Beneficiaries and the Noteholders.
Appears in 7 contracts
Samples: Custodian Agreement (Crusade Management LTD), Custodian Agreement (Crusade Management LTD), Custodian Agreement (Crusade Management LTD)