Common use of Transfer of Custody Clause in Contracts

Transfer of Custody. If: (a) a Custodial Transfer Event occurs and is subsisting; or (b) a Custodial Transfer Trigger occurs, ------------------------------------------------------------------------------ Page (8) Custodian Agreement Xxxxx Xxxxx & Xxxxxxx ------------------------------------------------------------------------------ the Custodian must deliver the Relevant Documents at the Custodian's expense to the Trustee, or as it directs. If the Custodian has not done so within 10 Business Days (or such longer period as the Trustee in its reasonable discretion permits) of the occurrence of the Custodian Transfer Event or Custodian Transfer Trigger the Trustee must (with assistance from the Manager) enter any premises where the Relevant Documents are kept, take possession of and remove the Relevant Documents and all other documents and records relating to the Relevant Documents. The Custodian shall assist the Trustee in doing so and will do, at its expense, all things which the Trustee or the Manager reasonably directs it to do in relation to the Trustee taking possession of, and removing, the Relevant Documents and all other documents and records relating to the Relevant Documents. If the Trustee does not have possession of the Relevant Documents within that period it may, to the extent that it has information available to it to do so, lodge caveats in relation to the Receivables and Receivable Rights for which it does not hold the Relevant Documents.

Transfer of Custody. If: (a) a Custodial Transfer Event occurs and is subsisting; or (b) a Custodial Transfer Trigger occurs, ------------------------------------------------------------------------------ -------------------------------------------------------------------------------- Page (8) Custodian Agreement Xxxxx Xxxxx & Xxxxxxx ------------------------------------------------------------------------------ -------------------------------------------------------------------------------- the Custodian must deliver the Relevant Documents at the Custodian's expense to the Trustee, or as it directs. If the Custodian has not done so within 10 Business Days (or such longer period as the Trustee in its reasonable discretion permits) of the occurrence of the Custodian Transfer Event or Custodian Transfer Trigger the Trustee must (with assistance from the Manager) enter any premises where the Relevant Documents are kept, take possession of and remove the Relevant Documents and all other documents and records relating to the Relevant Documents. The Custodian shall assist the Trustee in doing so and will do, at its expense, all things which the Trustee or the Manager reasonably directs it to do in relation to the Trustee taking possession of, and removing, the Relevant Documents and all other documents and records relating to the Relevant Documents. If the Trustee does not have possession of the Relevant Documents within that period it may, to the extent that it has information available to it to do so, lodge caveats in relation to the Receivables and Receivable Rights for which it does not hold the Relevant Documents.