Trustees’ undertakings. Where the Debtor is a trust (or trustee(s) acting in relation to a trust), and in addition to the obligations in clause 3, the trustees will ensure that, except to the extent that the Secured Parties consent: – the trust deed is not amended or revoked; – no existing trustee is removed or retires as trustee of the trust; – no new or additional trustee of the trust is appointed; – the trustees duly and punctually comply with their obligations under the trust deed; – no vesting date under the trust deed is determined during the term of this deed; and – no restriction or limitation on the right of indemnity of any trustee of the trust is created.
Trustees’ undertakings. Where the Debtor is a trust (or trustee(s) acting in relation to a trust), and in addition to the obligations in clause 3, the trustees will ensure that, except to the extent that the Secured Parties consent: – the trust deed is not amended or revoked; – no existing trustee is removed or retires as trustee of the trust; – no new or additional trustee of the trust is appointed; – the trustees duly and punctually comply with their obligations under the trust deed; – no vesting date under the trust deed is determined during the term of this deed; and – no restriction or limitation on the right of indemnity of any trustee of the trust is created. 27 No reliance on the Secured Parties The Debtor confirms that: – it has not entered into any Bank Document in reliance on, or as a result of, any conduct of any kind of, or on behalf of, the Secured Parties or any Related Company of the Secured Parties (including any advice, warranty, representation or undertaking); and – neither the Secured Parties nor any Related Company of the Secured Parties are obliged to do anything (including disclosing anything or giving advice), except as expressly set out in the Bank Documents or in writing signed by or on behalf of the Secured Parties or any Related Company of the Secured Parties.
Trustees’ undertakings. The Trustee must:
