Settlement and discharge. Subject to clause 16.7, the Trustee shall settle with the outgoing Manager the amount of any sums payable by the outgoing Manager to the Trustee or by the Trustee to the outgoing Manager and shall give to or accept from the outgoing Manager a discharge in respect of those sums which shall be conclusive and binding as between the Trustee, the outgoing Manager, the new Manager, the Beneficiaries, the Noteholders and the other Creditors.
Appears in 6 contracts
Samples: Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD)
