Common use of Termination of Deed Clause in Contracts

Termination of Deed. This Deed shall terminate on the date agreed by the Trustee and the Manager if at that date: (a) there are no Trusts in existence; (b) the Trustee and the Manager are satisfied that all Notes have been fully redeemed and all Creditors paid in full; (c) there is no Sale Notice which has been given to the Trustee but which has not at that date been accepted or rejected by the Trustee; and (d) there is no Investment Direction which has been given to the Trustee but which has not been acted on or rejected by the Trustee.

Appears in 6 contracts

Samples: Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD)

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Termination of Deed. This Deed deed shall terminate on the date agreed by the Trustee and the Trust Manager if at that date: (a) there are no Trusts in existence; (b) the Trustee and the Trust Manager are satisfied that all Notes have been fully redeemed and all Creditors paid in full; (c) there is no Sale Notice which has been given to the Trustee but which has not at that date been accepted or rejected by the Trustee; and (d) there is no Investment Direction which has been given to the Trustee but which has not been acted on or rejected by the Trustee.

Appears in 3 contracts

Samples: Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD)

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